Jefferies Reiterates U.S. Physical Therapy Rating

Jefferies & Company reports that the bipartisan one-month "doc fix" passed by the Senate last night provided an unexpected positive surprise for rehab providers, such as U.S. Physical Therapy, Inc. USPH, as the rate cuts for second and succeeding therapy units were reduced from the 25% that CMS finalized earlier this month to 20%. U.S. Physical Therapy currently trades at $18.40.