PHOENIX Rehabilitation and Health Services Acquires TuDor Physical Therapy

U.S. Physical Therapy Acquires 50% Stake in Eight-Clinic Physical Therapy Management Company

January 5, 2026

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 50% interest in an unnamed physical therapy management services company that manages an eight-clinic practice generating approximately $8.0 million in annual revenue and 66,000 visits per year. The current owners retained the remaining 50% ownership; financial terms were not disclosed. The deal expands USPH's outpatient clinic footprint and service offerings through a partnership with the local owners.

U.S. Physical Therapy Acquires 60% Stake in Three-Clinic Physical Therapy Practice

August 1, 2025

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% interest in an unnamed three-clinic physical therapy practice that generates approximately $5.3 million in annual revenue and 28,000 annual visits; the practice's current owners retain a 40% stake. The transaction expands USPH's outpatient clinic footprint and brings the three clinics into its national network while preserving owner-level continuity.

U.S. Physical Therapy Acquires 60% Stake in Fourteen-Clinic Physical Therapy Practice

November 1, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% equity interest in a fourteen-clinic physical therapy practice for approximately $19.3 million, with the sellers retaining 40% and potential additional earnouts tied to performance. The acquired business generates more than $9 million in annualized revenue and about 84,000 annualized patient visits; USPH said the deal will help scale the clinics into a multi-state region.

Physical Rehabilitation Network Acquires 360 Physical Therapy

September 2, 2021

Healthcare Services

Physical Rehabilitation Network (PRN), a portfolio company of Gryphon Investors, has acquired 360 Physical Therapy, a Chandler, Arizona–based operator of 19 outpatient clinics across Arizona and Oklahoma. The deal expands PRN's footprint in Arizona, introduces PRN into Oklahoma, and brings 360 PT access to PRN's operational resources to support continued clinic and service growth.

U.S. Physical Therapy Acquires Majority Stake in Outpatient Home Care Therapy Practice

April 30, 2025

Healthcare Services

U.S. Physical Therapy, Inc. (NYSE: USPH), through its 50%-owned subsidiary MSO Metro, LLC, acquired an 80% interest in an outpatient home care practice that provides physical, occupational and speech therapy and generates approximately $2.1 million in annual revenue. The current owners retain a 20% ownership stake. USPH said the acquisition expands its ability to provide home-based outpatient therapy services in the Northeast and extends its clinic-based offerings into homecare.

U.S. Physical Therapy Acquires 50% Stake in Nine-Clinic Physical & Hand Therapy Practice

April 1, 2024

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 50% equity interest in an unnamed nine-clinic physical therapy and hand therapy practice for $16.4 million, with the sellers retaining the remaining 50% ownership. The practice generates approximately $11.4 million in annual revenue and about 65,000 annual visits; USPH said the deal expands its presence in a market with a workers'-comp-centric mix and growth opportunities in surrounding areas.