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:   2024-11-01T23:59:59+00:00
Accession:  0000885978-24-000059
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02, 8.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000059/0000885978-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885978/000088597824000059/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000885978-24-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer