H2 Health Acquires Fort Worth Physical Therapy

U.S. Physical Therapy Acquires Twelve-Clinic Physical Therapy Practice

July 2, 2026

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) announced it acquired a twelve-clinic physical therapy practice effective July 1, 2026. USPH purchased a 67% equity interest, with the current owners retaining the remaining 33%. The acquisition expands USPH’s footprint from 44 to 45 states.

H2 Health Acquires Advanced Physical Therapy in Arkansas

April 2, 2026

Healthcare Services

H2 Health announced the acquisition of Advanced Physical Therapy (APT), including six clinic locations in the Little Rock, Arkansas market. The transaction expands H2 into a new state and is described as a platform investment to support future growth in Arkansas, building on its existing footprint in adjacent states.

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.

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 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 Majority Stake in Six-Clinic Physical Therapy Practice

September 1, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 70% equity interest in a six-clinic physical therapy practice operating clinics in West Virginia and Pennsylvania for approximately $3.5 million. The practice generates over $2.5 million in annual revenue and will remain partly owned by the practice's founder and owners, who retain a 30% stake.