US Physical Therapy Inc (N:USPH)
Business Focus: Hospitals, Clinics & Primary Care Services
Cloudy as of April 01, 2024
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Latest 10 SEC Form 4 filings for USPH*US within the last 6 months
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Company News
Apr 01, 2024 07:30 ET
U.S. Physical Therapy Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice
U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced the acquisition of a physical therapy and hand therapy practice with nine clinic locations.
Mar 11, 2024 07:00 ET
U.S. Physical Therapy Announces Change in Medicare Rate Reduction for the Remainder of 2024
U.S. Physical Therapy, Inc. (“USPH" or the “Company”) (NYSE: USPH), reported today that the 3.5% reduction in the Medicare physician fee schedule for therapy services for 2024 (as compared to 2023 rates) has been addressed in the “Consolidated Appropriations Act, 2024” (“Act”) signed into law on March 8, 2024. The Act decreased the Medicare reduction for the remainder of 2024; as a result, the Company now estimates that the Medicare rate reduction effective March 9, 2024, will be approximately 1.8% rather than 3.5%. The change in rate is not retroactive to January 1, 2024.
Valuation Ratios
Industry
Sector
Beta
1.39
--
--
Price to Sales - TTM
2.58
0.74
3.14
Price to Book - most recent quarter
3.26
2.28
2.09
Price to Cash Flow per share - TTM
29.52
12.88
13.70
Price to Free Cash Flow per share - TTM
26.12
19.57
23.87
Business Summary
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. It operates approximately 678 outpatient physical therapy clinics in 42 states. The Company's industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post offer employment testing, functional capacity evaluations, and ergonomic assessments. It performs these services through Industrial Sports Medicine Professionals, consisting primarily of specialized certified athletic trainers (ATCs).
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