Eli's Rehab Report
NEWS BRIEFS:
U.S. Physical Therapy Acquires San Antonio Clinics
Published on Mon Dec 31, 2012 
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Physical therapy giant U.S. Physical Therapy announced on Nov. 18 that it acquired a 65 percent interest in a four-clinic outpatient rehab practice in San Antonio. The practice currently sees about 35,000 patients per year and produces more than $3 million in revenue, according to a U.S. Physical Therapy press release.
“The practice will continue to be run by the firm’s founding partner, who retains a 35 percent equity stake in the business,” said Chris Reading, U.S. Physical Therapy CEO.
The numbers: The acquisition purchase price was approximately $5 million, financed with $4.6 million of funding from U.S. Physical Therapy’s bank credit facility and a $400,000 seller note.
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