US Physical Therapy

U.S. Physical Therapy, Inc. (USPH) is a leading provider of outpatient physical and occupational therapy services in the United States. Established in 1990 and headquartered in Houston, Texas, the company operates over 700 clinics across 43 states. It offers a comprehensive range of services to address various musculoskeletal and neurological conditions.

The primary services provided by USPH include:

• Orthopedic and Sports Rehabilitation: Pre- and post-operative care for orthopedic-related disorders and sports-related injuries.
• Neurological Rehabilitation: Treatment for neurologically related injuries.
• Workplace Injury Rehabilitation: Rehabilitation of injured workers.
• Industrial Injury Prevention Services: Onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.

In addition to its owned and operated clinics, USPH manages 43 physical therapy facilities for unaffiliated third parties such as hospitals and physician groups.

The company has experienced significant growth through a combination of de novo development and strategic acquisitions. For example, in October 2023, USPH acquired two physical therapy practices, expanding its presence in Alaska and adding its first clinics in Colorado.

These acquisitions involved a 70% equity interest in both practices, with current practice owners retaining 30% equity interests. The combined annual revenues were approximately $7.2 million with about 48,000 visits annually across five clinics.

USPH’s business model emphasizes partnerships with existing clinic owners, allowing them to retain ownership stakes while benefiting from the company's operational support. This strategy has enabled USPH to expand its footprint and enhance service offerings nationwide.

As of the latest data, USPH employs approximately 7,028 individuals, including 3,287 licensed physical therapists across its clinics.

The company’s commitment to quality care and patient outcomes has solidified its position as a prominent player in the outpatient physical therapy industry.

Locations

• Overland Park, KS, USA: Located in Overland Park, Kansas.
• Franklin, TN, USA: Located in Franklin, Tennessee.
• Peoria, AZ, USA: Located in Peoria, Arizona.
• Snohomish, WA, USA: Located in Snohomish, Washington.
• Anchorage, AK, USA: Located in Anchorage, Alaska.
• Portland, OR, USA: Located in Portland, Oregon.
• Baton Rouge, LA, USA: Located in Baton Rouge, Louisiana.