---
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"
generated_at: "2026-05-30T19:41:20.971573+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# U.S. Physical Therapy acquires 50% stake in 50-clinic MSO for $76.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-24-000056
- JSON: https://secwatch.observer/filing/0000885978-24-000056.json
- Plain text: https://secwatch.observer/filing/0000885978-24-000056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.