{"schema_version":"secwatch.filing_event.v1","accession":"0000885978-24-000056","form_type":"8-K","ticker":"USPH","cik":"0000885978","company_name":"U S PHYSICAL THERAPY INC /NV","filed_at":"2024-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.266447+00:00","generated_at":"2026-05-30T19:41:20.971573+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"U.S. Physical Therapy acquires 50% stake in 50-clinic MSO for $76.5M","bullets":["Purchase price $76.5M ($75M cash + $1.5M in USPH stock); sellers can earn up to $20M additional earnout based on performance.","Managed clinics generate ~$64M annual revenue and ~$12M annual EBITDA; majority in New York with plans for regional expansion.","Existing owners retain 50% interest; CEO who grew clinics from 5 to 50 will continue as executive leader.","Expected close October 31, 2024, subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000885978-24-000056","json":"https://secwatch.observer/filing/0000885978-24-000056.json","markdown":"https://secwatch.observer/filing/0000885978-24-000056.md","text":"https://secwatch.observer/filing/0000885978-24-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885978/000088597824000056/0000885978-24-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885978/000088597824000056/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T19:41:20.971573+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}