M&A
confidence high
sentiment positive
materiality 0.55
U.S. Physical Therapy buys IIP business for ~$24M and a two-clinic PT practice
U S PHYSICAL THERAPY INC /NV
- Briotix subsidiary acquired an IIP services business for ~$24.0M; annual revenue ~$11.0M.
- Separate tuck-in acquisition of a two-clinic PT practice with ~$1.0M annual revenue.
- CEO expects new verticals in transportation, construction, manufacturing and cross-selling of Briotix programs.
- Acquisitions funded from existing resources, no debt or equity issuance disclosed.