U.S. Physical Therapy, Inc. has acquired a 67% equity interest in a twelve-clinic physical therapy practice, expanding its operational footprint to 45 states. The acquisition, effective July 1, 2026, includes a practice that currently generates approximately 112,000 annual visits and $12 million in annual revenue. The remaining 33% equity interest is retained by the current owners.

Strategic Expansion

This transaction marks U.S. Physical Therapy's entry into a new state, increasing its presence from 44 to 45 states. Graham Reeve, Chief Operating Officer-West, stated that the expansion represents an important step in the company's continuing growth. He emphasized that the new partners are known for delivering exceptional clinical care and building trusted relationships within their communities.

Operational Metrics

The acquired practice contributes significant scale to the company's national network. The following table outlines the key operational metrics of the newly acquired entity:

Company Overview

Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 795 outpatient physical therapy clinics across 45 states. The company provides preventative and post-operative care for orthopedic-related disorders, sports-related injuries, and neurologically related injuries. Additionally, U.S. Physical Therapy operates an industrial injury prevention business offering onsite services such as injury prevention, rehabilitation, and ergonomic assessments.

Citizens analyst Constantine Davides has reaffirmed a Market Outperform rating for US Physical Therapy, maintaining a price target of $98. The rating reiteration signals continued confidence in the company's performance potential.

The analyst's stance supports the stock's current market trajectory, highlighting the firm's positive outlook. US Physical Therapy is listed on the NYSE under the ticker symbol USPH.