US Physical Therapy Inc. (USPH) said Wednesday that it has acquired a 65% interest in a multi-partner outpatient rehabilitation practice for about $9.50 million.
The practice has 9 clinics located in the Mid-Atlantic region. It sees 60,000 physical therapy patients per year producing about $5.60 million in revenue.
Chris Reading, U.S. Physical Therapy Chief Executive Officer, said, "Through this partnership we are pleased to enter several new markets in Maryland and Pennsylvania. We believe that there is significant additional growth opportunity in the region."
US Physical Therapy said that it has funded the acquisition with its bank credit facility and seller notes.
The company noted that the practice would continue to be run by the firm's founding partners, whom retain a significant equity stake in the business.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.