HOUSTON, Texas—U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced the acquisition of an outpatient homecare practice that provides physical, occupational and speech therapy through its 50%-owned subsidiary, MSO Metro, LLC (Metro).
The practice currently generates approximately $2.1 million in annual revenues. Metro acquired an 80% interest in the acquired company with the current owners retaining a 20% ownership interest.
“We are extremely excited to further extend our outpatient reach with the ability to now provide physical therapy, occupational therapy and speech therapy services to patients in the comfort of their homes on a broader scale in the northeast," Eric Williams, president and chief operating officer-East, said. "We see the expansion of homecare-based outpatient therapy as a natural extension to the clinic-based services we already provide and remain enthusiastic around opportunities to further grow this service line.”
More information about U.S. Physical Therapy, Inc. is available at usph.com.