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US Physical Therapy acquires 67% stake in 11-clinic physical therapy practice

Houston-based U.S. Physical Therapy Inc. acquired a 67% stake in an 11-clinic physical therapy practice for about $12.3 million.

The remaining 33% stake is being retained by the practice's clinical owners.

The practice has about 59,000 annual patient visits generating about $6.6 million in annual revenue.

U.S. Physical Therapy, through its subsidiaries, operates 573 outpatient physical therapy clinics across 41 states in the U.S.