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US Physical Therapy acquires majority stake in therapy clinic operator

Houston-based U.S. Physical Therapy Inc. acquired a majority stake in a Minnesota-based four-clinic physical therapy practice for $7.7 million.

The remaining 30% stake is being retained by the existing management of the business.

The practice produced 2017 revenues of $4.3 million.

U.S. Physical Therapy, through its subsidiaries, operates 586 outpatient physical therapy clinics in the U.S.