Porter Hedges Represents U.S. Physical Therapy in the $63 Million Acquisition of Prevention Services Company
Porter Hedges represented U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, in its acquisition of a 70% ownership interest in a leading provider of industrial injury prevention services. The acquired company also provides and manages inpatient and outpatient physical therapy services to hospitals and their respective ancillary units.
USPH acquired its interest in the acquired company at a purchase price of approximately $63.2 million.
Founded in 1990, U.S. Physical Therapy, Inc. operates 584 outpatient physical therapy clinics in 39 states. Their clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries, and rehabilitation of injured workers.
For additional information, please see the USPH press release here.