Eli's Rehab Report

Published on Fri Jan 18, 2008 PDF

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, whom retains a 35 percent equity stake in the business," said Chris Reading, U.S. Physical Therapy CEO. "Working with our partner, we believe that there is significant opportunity to build additional clinic locations in this market."

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.