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Stock Market & Financial Investment News

News Breaks
March 7, 2013
08:10 EDTUSPHU.S. Physical Therapy sees FY13 earnings cut by up to 22c per share on items
As previously announced, the American Taxpayer Relief Act of 2012 enacted in January includes provisions which will reduce reimbursement for physical therapy services provided to Medicare patients. The new law increases the multiple procedures payment reduction to 50% effective April 1, 2013. The estimated impact in 2013 to the company from this rate reduction is up to 18c per diluted share. On March 1, 2013, the sequester became effective which calls for an additional 2% cut in Medicare expenditures. The projected effect to the company is to further reduce earnings by approximately 4c per diluted share in 2013.
News For USPH From The Last 14 Days
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July 1, 2015
09:05 EDTUSPHU.S. Physical Therapy closes purchase of four location physical therapy practice
U.S. Physical Therapy announced today that it has completed its third acquisition thus far in 2015. In the most recent transaction, the company acquired a 70% interest in a four location physical therapy practice. The business has approximately 50,000 patient visits per year and generates $5.5M in annual revenue. The purchase price was $4.3M.

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