US Physical Therapy Inc (N:USPH)
Business Focus: Hospitals, Clinics & Primary Care Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1300 West Sam Houston Parkway, Suite 300 HOUSTON TX 77043 |
| Tel: | N/A |
| Website: | https://www.usph.com |
| IR: | See website |
| Key People | ||
| Christopher J. Reading Chairman of the Board, Chief Executive Officer | Eric J. Williams President, Chief Operating Officer | Carey P. Hendrickson Chief Financial Officer |
| Richard S. Binstein Executive Vice President, General Counsel, Secretary | Graham D. Reeve Chief Operating Officer - West | |
| Business Overview |
| U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically related injuries and rehabilitation of injured workers. It operates approximately 683 outpatient physical therapy clinics in 42 states. In addition to owning and operating clinics, the Company manages about 41 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clients' employees, including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments. |
| Financial Overview |
| For the three months ended 31 March 2024, US Physical Therapy Inc revenues increased 5% to $155.7M. Net income applicable to common stockholders decreased 7% to $7M. Revenues reflect Physical therapy operations segment increase of 4% to $134.4M, Industrial injury prevention services segment increase of 10% to $21.3M. Net income was offset by Relief Funds decrease from $467K (income) to $0K, Corporate office costs increase of 2% to $14.1M (expense). |
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