Monday, U.S. Physical Therapy, Inc. (USPH) revealed the purchase of a physical therapy and hand therapy practice comprising nine clinic locations.
The acquisition involved USPH obtaining a 50% equity stake in the practice for $16.4 million, while the current owners of the practice retained the remaining 50% ownership.
Chris Reading, chief executive officer, commented, "This will be a great partnership addition to an already strong market for us. Our newest partners have done an exceptional job with a nicely developed workers comp centric mix of business and an appetite to grow in this and surrounding markets."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.