US Physical Therapy ( (USPH) ) has provided an announcement.
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U.S. Physical Therapy, Inc. has announced the acquisition of a 50% stake in a management services organization that oversees 50 outpatient physical therapy clinics, primarily located in New York. The $76.5 million deal, combining cash and stock, not only positions USPT as a managing member but also includes an earnout of up to $20 million based on performance. With the transaction set to close by the end of October 2024, the company aims to leverage the partnership to expand further in the region, building on the organization’s impressive growth from five to 50 clinics since 2016.
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