10:20 AM EDT, 10/03/2022 (MT Newswires) -- U.S. Physical Therapy (USPH) said Monday it has acquired an 80% stake in a two-clinic physical therapy practice for about $4.2 million.
The purchase price includes a note payable to the owners of $250,000 and the rest was paid in cash. The practice's owners will keep a 20% stake.
The business generates over $2.5 million in annual revenue, U.S. Physical Therapy said.
Price: 78.60, Change: +2.58, Percent Change: +3.40