U S Physical Therapy Inc 8-K, filed Jul 1, 2021
U S Physical Therapy Inc (USPH)
8-K
2021-07-01
For: 2021-07-01
View Original
Added on
April 09, 2026
About this 8-K
U S Physical Therapy Inc filed this 8-K on July 1, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 1, 2021
(Exact name of registrant as specified in its charter)
|
|
|
|
|
(State or other jurisdiction of incorporation or organization)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
Registrant's telephone number, including area code: (713 ) 297-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions ( see General Instruction A.2. below):
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| ITEM 8.01 |
Other Event.
|
On July 1, 2021, - U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a
national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced its acquisition of a 65% interest in an eight-clinic physical therapy practice. USPH acquired 65% of the equity
interests of the physical therapy practice with the practice’s founder and owners retaining 35%. The purchase price was $10.3 million. The business generates more than $7.3 million in annual revenue and has approximately 65,000 patient visits per
year.
A copy of the press release is attached hereto as Exhibit 99.1
| ITEM 9.01 |
FINANCIAL STATEMENTS AND EXHIBITS
|
|
Exhibits
|
Description of Exhibits
|
|
|
Registrant's Press Release dated July 1, 2021*
|
* Filed herewith.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
U.S. PHYSICAL THERAPY, INC.
|
|||
|
Dated: July 1, 2021
|
By:
|
/s/ CAREY HENDRICKSON
|
|
|
Carey Hendrickson
|
|||
|
Chief Financial Officer
|
|||
|
(duly authorized officer and principal financial and accounting officer)
|
|||
Exhibit 99.1
CONTACT:
U.S. Physical Therapy, Inc.
Carey Hendrickson, Chief Financial Officer
Chris Reading, Chief Executive Officer
(713) 297-7000
Three Part Advisors
Joe Noyons
(817) 778-8424
U.S. Physical Therapy Announces Acquisition
Houston, TX, July 1, 2021 – U.S. Physical Therapy, Inc. ("USPH" or the
“Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced an acquisition of an eight-clinic physical therapy practice.
USPH acquired 65% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 35%. The purchase price was $10.3 million.
The business generates more than $7.3 million in annual revenue and has approximately 65,000 patient visits per year.
Chris Reading, Chief Executive Officer, stated, “We continue to attract great partners and this current opportunity is no different. We have a terrific group of highly
motivated partners whom we are excited to help grow and scale forward.”
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 575 outpatient physical therapy clinics in 39 states. The Company's 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. In addition to owning and operating clinics, the Company manages physical therapy
facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clients’ employees including injury prevention and rehabilitation,
performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
More information about U.S. Physical Therapy, Inc. is available at www.usph.com. The
information included on that website is not incorporated into this press release.