US Physical Therapy Files 8-K
Ticker: USPH · Form: 8-K · Filed: May 1, 2024 · CIK: 885978
Sentiment: neutral
Topics: 8-K, disclosure, health-services
Related Tickers: USPHY
TL;DR
USPHY filed an 8-K on 5/1/24 - standard disclosure.
AI Summary
U.S. Physical Therapy, Inc. filed an 8-K on May 1, 2024, reporting other events and financial statements/exhibits. The company, incorporated in Nevada with its principal executive offices in Houston, Texas, is involved in health services.
Why It Matters
This filing indicates a routine update or disclosure from U.S. Physical Therapy, Inc. to the SEC, which may contain important information for investors regarding company events or financial status.
Risk Assessment
Risk Level: low — This filing appears to be a standard disclosure and does not immediately indicate significant new risks.
Key Players & Entities
- U.S. PHYSICAL THERAPY, INC. (company) — Registrant
- 0000885978-24-000020 (filing_id) — Accession Number
- May 1, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 76-0364866 (tax_id) — I.R.S. Employer Identification No.
- 1300 WEST SAM HOUSTON PARKWAY, SUITE 300, HOUSTON, Texas 77043 (address) — Principal Executive Offices
- 7132977000 (phone) — Business phone
FAQ
What specific 'Other Events' are being reported in this 8-K filing?
The filing indicates 'Other Events' as an item, but the specific details of these events are not provided in the provided text excerpt.
What is the purpose of filing a Form 8-K?
A Form 8-K is filed to announce major corporate events that shareholders should know about in a timely manner.
When was U.S. Physical Therapy, Inc. incorporated?
U.S. Physical Therapy, Inc. was incorporated in Nevada.
What is the principal business address of U.S. Physical Therapy, Inc.?
The principal executive offices are located at 1300 West Sam Houston Parkway, Suite 300, Houston, Texas 77043.
What is the SIC code for U.S. Physical Therapy, Inc.?
The Standard Industrial Classification (SIC) code is 8000, categorized under SERVICES-HEALTH SERVICES.
Filing Stats: 588 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-05-01 16:06:52
Key Financial Figures
- $24.0 million — a total purchase price of approximately $24.0 million. The business currently generates appro
- $11.0 million — iness currently generates approximately $11.0 million in annual revenues. In a separate trans
- $1.0 million — cal therapy practice with approximately $1.0 million in annual revenue, which is being tucke
Filing Documents
- form8-k.htm (8-K) — 34KB
- ex99-1.htm (EX-99.1) — 7KB
- logo_usph2020.jpg (GRAPHIC) — 370KB
- 0000885978-24-000020.txt ( ) — 676KB
- usph-20240501.xsd (EX-101.SCH) — 4KB
- usph-20240501_lab.xml (EX-101.LAB) — 21KB
- usph-20240501_pre.xml (EX-101.PRE) — 16KB
- form8-k_htm.xml (XML) — 4KB
01 Other Event
ITEM 8.01 Other Event. On May 1, 2024 U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services ("IIP"), announced the acquisition of an IIP services business by one of its primary IIP companies, Briotix Health Limited Partnership ("Briotix"). Briotix purchased 100% of the IIP services business for a total purchase price of approximately $24.0 million. The business currently generates approximately $11.0 million in annual revenues. In a separate transaction, USPH also acquired a two-clinic physical therapy practice with approximately $1.0 million in annual revenue, which is being tucked into a larger recently acquired practice. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Current Report on Form 8-K, including the exhibits, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS Exhibits Description of Exhibits 99.1 Registrant's Press Release dated May 1, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. U.S. PHYSICAL THERAPY, INC. Dated: May 1, 2024 By: /s/ CAREY HENDRICKSON Carey Hendrickson Chief Financial Officer (duly authorized officer and principal financial and accounting officer)