Today’s issue of WorkCompRecap features US Physical Therapy’s announcement of its third acquisition in almost as many years of providers of industrial injury prevention services. The first two acquisitions were in 2017 and 2018.
The new acquisition specializes in delivering injury prevention and care, post offer employment testing, functional capacity evaluations and return-to-work services across a network in 45 states including onsite at eleven client locations. The business produced $13 million in revenue in 2018, and U.S. Physical Therapy purchased it for total consideration of $23.6 million. The business was then combined with Briotix Health, USPH’s industrial injury prevention operation, increasing their ownership position in the partnership to approximately 76%.
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