Christopher Reading, CEO of U.S. Physical Therapy, Inc. (USPH), says 2013 was the company’s biggest year ever in terms of capital devoted to merger and acquisition activity. In total, he says the company spent about $50 million on acquisitions last year.
“The company continues to grow organically, as we have over the years,” Reading says. “We generally open about 20 or so new organic facilities a year, many of those in conjunction with our very best partnerships around the country.”
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Reading says U.S. Physical Therapy’s high level of acquisition has been building over the last six or seven years. He says the company’s strategy is to buy a majority ownership interest in already established physical therapy companies around the country.
“We opened this year with a great acquisition in the mid-Atlantic region that will be a terrific addition to our company, and we continue the network and dialog with private owners around the country on a daily basis,” Reading says.
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