Tracked deals
3
3 tracked deals across 2024-2026.
Public Company
Healthcare
U.S. Physical Therapy
Houston, Texas, United States
U.S. Physical Therapy is a publicly held operator of outpatient physical and occupational therapy clinics across the U.S. The company grows its footprint through acquisitions and clinic partnership models that share economics with local owner-operators.
- Focus Areas
- Outpatient physical therapy, Outpatient occupational therapy, Industrial injury prevention
- Website
- usph.com
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Addon
2 addon · 1 growth capital
U.S. Physical Therapy Acquisition Volume by Year
Last 3 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- U.S. Physical Therapy, Inc. (USPH)
- Target
- Twelve-clinic physical therapy practice
- Seller
- Current owners of the twelve-clinic physical therapy practice
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Growth capital
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.
-
- Buyer
- U.S. Physical Therapy, Inc.
- Target
- Three-clinic physical therapy practice (name not disclosed)
- Seller
- Current owners (name not disclosed)
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
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.
-
- Buyer
- U.S. Physical Therapy, Inc., Briotix Health Limited Partnership
- Target
- Industrial injury prevention services business, Two-clinic physical therapy practice
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
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.
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