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Get filing alertsUSPH acquires 67% stake in 12-clinic practice generating ~$12M annual revenue
Filed July 6, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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Acquired controlling 67% equity interest in twelve-clinic physical therapy practice effective July 1, 2026, with current owners retaining 33%; practice generates approximately 112,000 annual visits and $12M in annual revenue.
Item 8.01 verify on EDGAR → -
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Acquisition expands USPH's geographic footprint from 44 to 45 states, marking entry into a new state market.
Exhibit 99.1 view on EDGAR → -
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Following the acquisition, USPH now owns and/or manages 795 outpatient physical therapy clinics across 45 states.
Exhibit 99.1 view on EDGAR →
Summary
USPH closed a bolt-on acquisition of a twelve-clinic physical therapy practice on July 1, 2026, taking a controlling 67% equity stake while the current owners retain 33%. The acquired practice generates approximately $12 million in annual revenue from roughly 112,000 patient visits, representing a material addition to USPH's operations. The transaction expands USPH's geographic presence into a 45th state, bringing the company's total clinic count to 795 locations nationwide.
The partnership structure—retaining existing owners with a 33% stake—follows USPH's typical acquisition playbook of maintaining local operator continuity while integrating practices into its national platform. The $12M revenue contribution is meaningful for a company USPH's size, though financial terms and purchase price were not disclosed. The acquisition continues USPH's strategy of expanding its national footprint through tuck-in deals in the fragmented outpatient physical therapy market.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
This acquisition expands USPH’s footprint from 44 to 45 states, demonstrating our commitment to bring best-in class physical therapy services to local communities while leveraging national resources and expertise to drive growth and deliver exceptional patient care.
The acquisition marks USPH's entry into a 45th state, expanding from 44 states previously. This geographic expansion represents a strategic milestone in the company's national footprint and growth strategy.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify