U.S. Physical Therapy Inc. has announced the acquisition of a management services company that oversees eight physical therapy clinics, strengthening its presence in the outpatient physical therapy market. The acquired company generates approximately $8 million in annual revenue from around 66,000 yearly patient visits. USPh acquired a 50% ownership stake, with the remaining interest retained by the current owners. This expansion aims to enhance USPh’s service offerings and further develop relationships within the communities served by the newly acquired clinics.
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