U.S. Physical Therapy, Inc. (USPH) announced the completion of its acquisition of a 50% equity interest in a management services organization (MSO) that provides management and administrative services to 50 physical therapy clinics. The transaction closed on October 31, 2024, marking a significant expansion for the company.
The acquired MSO manages 50 outpatient clinics, with the majority located in New York, and also provides physical therapy services to patients in their homes. Through its managed therapy providers, the MSO currently generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA on a consolidated basis.
This strategic partnership allows USPH to expand its footprint in a key region and diversify its service offerings to include home-based therapy. The current owners of the MSO will retain a 50% ownership interest, aligning incentives for continued growth and operational excellence.
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