secwatch.observer — SEC 8-K summary
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Issuer:     U S PHYSICAL THERAPY INC /NV (USPH)
CIK:        0000885978
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0000885978-24-000056
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000056/0000885978-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000056/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-24-000056

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