---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-24-000059"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:10:16.193889+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USPH closes $76.5M acquisition of 50% interest in Metro, 50-clinic operator

## Summary
- Paid ~$76.5M: $75M cash plus 18,358 shares of USPH common stock.
- Metro-managed clinics generate ~$64M annual revenue and ~$12M annual EBITDA.
- Earnout provision allows up to $20M additional if performance targets are met.
- Board expanded to 8; Michael G. Mayrsohn (Metro CEO) appointed as director.
- Clinics primarily in New York, with plans for further expansion in NY and adjacent states.

## SEC filing metadata
- accession: 0000885978-24-000059
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597824000059/0000885978-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597824000059/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-24-000059
- JSON: https://secwatch.observer/filing/0000885978-24-000059.json
- Plain text: https://secwatch.observer/filing/0000885978-24-000059.txt

## Key facts
- Executive change
  Michael G. Mayrsohn was appointed as director at U S PHYSICAL THERAPY INC /NV.
  - Action: appointed
  - Role: director
  source text: In connection with the transactions contemplated by the Purchase Agreement, and effective as of February 24, 2025, the Company expanded its board of directors (the “Board”) from seven to eight directors and appointed Michael G. Mayrsohn as a director of the Company to fill such vacancy.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885978/000088597824000059/0000885978-24-000059-index.htm

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