By Paul Ziobro
U.S. Physical Therapy has acquired an outpatient home-care practice for an undisclosed amount.
The practice, which currently generates about $2.1 million in annual revenue, provides physical, occupational and speech therapy. The Houston-based U.S. Physical Therapy said Wednesday it acquired the practice through its 50%-owned subsidiary MSO Metro.
Metro acquired an 80% interest, while the current owners retained a 20% stake.
U.S. Physical Therapy President and Chief Operating Officer-East Eric Williams said the acquisition extends the company's outpatient reach with the ability to provide therapy at patients' homes on a broader scale in the Northeast.
"We see the expansion of home care-based outpatient therapy as a natural extension to the clinic-based services we already provide and remain enthusiastic around opportunities to further grow this service line," he said.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
April 30, 2025 18:09 ET (22:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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