U.S. Physical Therapy Makes Six Clinic Acquisition for $3,990,000

U.S. Physical Therapy, Inc. USPH has acquired a majority interest in a six clinic physical therapy group located in the mid-Atlantic region. The practice presently sees approximately 55,000 patient visits per year and produces approximately $4.8 million in annual revenue. The purchase price for U.S. Physical Therapy's 70% acquired interest was $3,990,000, which was financed with available cash, borrowings under the Company's credit line and a seller note.