U.S. Physical Therapy Acquires Industrial Injury Prevention Business (70% Stake)

U.S. Physical Therapy Acquires 70% Interest in Industrial Injury Prevention Services Company

December 1, 2021

Healthcare Services

U.S. Physical Therapy, Inc. acquired a 70% ownership interest in a leading provider of industrial injury prevention services for approximately $63.2 million, expanding the company's industrial injury prevention revenue base. The founders retain a 30% stake and remain as executive leaders; the purchase was financed using the company's revolving credit facility.

U.S. Physical Therapy (via Briotix) Acquires Industrial Injury Prevention Business and Two-Clinic PT Practice

May 1, 2024

Healthcare Services

U.S. Physical Therapy, through its Briotix Health unit, purchased 100% of an industrial injury prevention (IIP) services business for approximately $24.0 million (the business generates about $11.0 million in annual revenue). In a separate transaction the company also acquired a two-clinic physical therapy practice with roughly $1.0 million in annual revenue and will tuck those clinics into a larger recently acquired practice.

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 80% Stake in Two-Clinic Physical Therapy Practice

October 3, 2022

Healthcare Services

U.S. Physical Therapy, Inc. acquired an 80% equity interest in an undisclosed two-clinic physical therapy practice for approximately $4.2 million (including a $250,000 note payable to the sellers). The practice—whose owners retain a 20% stake—generates more than $2.5 million in annual revenue and about 17,000 patient visits per year; U.S. Physical Therapy said the deal will help grow and scale the business as part of its clinic network expansion.

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.

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.