U.S. Physical Therapy (USPH)

Founded in 1990, U.S. Physical Therapy, Inc. operates 548 outpatient physical therapy clinics in 39 states. The Company's clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. In addition to owning and operating clinics, the Company manages 38 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clients' employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.

Company profile

Ticker

USPH

Exchange

NYSE

Website

www.usph.com

CEO

Christopher Reading

Incorporated

Nevada

Location

Texas

Fiscal year end

Dec 31

Sector

Health Care and Social Assistance > All Other Outpatient Care Centers

Industry (SIC)

Services - Health Services

LifeStance Health • InnovAge Holding • Sharecare • Oak Street Health • CRH Medical • Sema4 • UpHealth • Pear Therapeutics • Pennant • P3 Health Partners ...

SEC CIK

0000885978

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

2037953 Ontario, Inc. • Briotix Health, LP • Ability Health PT Management GP, LLC • Rehab Partners #4, Inc. • Ability Health Services and Rehabilitation, L.P. • Achieve Management GP, LLC • Rehab Partners #4, Inc • Achieve Physical Therapy and Performance, Limited Partnership • Action Therapy Centers, Limited Partnership • Rehab Partners #1, Inc. ...

IRS number

760364866

USPH stock data

1M 1Y 5Y

News

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4 Aug 22

US Physical Therapy: Q2 Earnings Insights

4 Aug 22

Press releases

From Benzinga Pro

U.S. Physical Therapy Reports Second Quarter 2022 Results

4 Aug 22

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 ("IIP") services, today reported results

U.S. Physical Therapy, Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call for Thursday, August 4, 2022

12 Jul 22

U.S. Physical Therapy, Inc. (NYSE:USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced that it will issue its financial results for the

U.S. Physical Therapy Announces Closing of New Credit Facility

21 Jun 22

Borrowing capacity increases by $175 million Base interest rate fixed on $150 million U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE:USPH), a national operator of outpatient physical therapy

U.S. Physical Therapy to Present at the 2022 East Coast IDEAS Virtual Conference

16 Jun 22

NUTEX HEALTH ANNOUNCES THE APPOINTMENT OF JON BATES AS ITS NEW CHIEF FINANCIAL OFFICER

10 Jun 22

Calendar

8 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart USPH financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

USPH insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Aug 22	Anne Motsenbocker	Common Stock	Buy	Acquire P	No	No	92.29	500	46.15K	2,600
8 Aug 22	Graham D. Reeve	Common Stock	Sell	Dispose S	No	No	92.24	3,818	352.17K	16,191
8 Aug 22	Kathleen A Gilmartin	Common Stock	Buy	Acquire P	No	No	92.26	600	55.36K	11,880
16 May 22	Brookner Mark J	Common Stock	Grant	Acquire A	No	No	0	1,600	0	15,430
16 May 22	Chapman Harry S	Common Stock	Grant	Acquire A	No	No	0	1,600	0	32,500

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

USPH institutional ownership history Ownership history

97.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	207	207	–
Opened positions	28	31	-9.7%
Closed positions	28	30	-6.7%
Increased positions	81	79	+2.5%
Reduced positions	74	70	+5.7%

13F shares	Current	Prev Q	Change
Total value	1.26B	1.2B	+4.7%
Total shares	12.63M	12.55M	+0.6%
Total puts	2.2K	6.8K	-67.6%
Total calls	3.2K	8.3K	-61.4%
Total put/call ratio	0.7	0.8	-16.1%

Largest owners	Shares	Value	Change
BLK Blackrock	2.08M	$206.47M	+1.1%
Kayne Anderson Rudnick Investment Management	1.54M	$153.39M	-0.4%
TROW T. Rowe Price	1.24M	$123.58M	+0.3%
Vanguard	927.48K	$92.24M	+1.1%
Copeland Capital Management	522.93K	$52.01M	+25.8%
Eaton Vance Management	491.09K	$48.84M	+107124.0%
STT State Street	458.73K	$45.8M	+6.0%
Boston Trust Walden	450.46K	$44.8M	+3.2%
Riverbridge Partners	422.36K	$42M	+10.8%
Dimensional Fund Advisors	376.71K	$37.46M	-0.5%

Largest transactions	Shares	Bought/sold	Change
Eaton Vance Management	491.09K	+490.63K	+107124.0%
William Blair Investment Management	0	-184.25K	EXIT
AMP Ameriprise Financial	213.38K	+115.26K	+117.5%
Ensign Peak Advisors	61.26K	-114.06K	-65.1%
Copeland Capital Management	522.93K	+107.17K	+25.8%
Millennium Management	0	-105.71K	EXIT
Healthcare Of Ontario Pension Plan Trust Fund	0	-60.6K	EXIT
Assenagon Asset Management	0	-55.63K	EXIT
MS Morgan Stanley	127.93K	-52.47K	-29.1%
Wasatch Advisors	103.37K	-51.12K	-33.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Our debt and financial obligations could adversely affect our financial condition, our ability to obtain future financing, and our ability to operate our business.

Management Discussion

References to “we,” “us,” “our” and the “Company” shall mean U.S. Physical Therapy, Inc. and its subsidiaries.
We operate outpatient physical therapy clinics that provide pre- and post-operative care and treatment for a variety of orthopedic-related disorders and sports-related injuries, neurologically-related injuries and rehabilitation of injured workers. We also operate an industrial injury prevention services (“IIPS”) business which includes onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments services.
Our reportable segments include the physical therapy operations segment and the industrial injury prevention services segment. Our physical operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. Services provided by industrial injury prevention services segment include onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: active, add, agent, assure, Bank, clause, collateral, comprehensive, Concurrently, cured, demand, domestic, exit, exposed, fail, favorable, foreclose, forma, fourth, guarantee, guaranteed, Guarantor, hierarchy, hold, identical, impose, incurrence, inflationary, investor, lender, lowest, notional, observable, orderly, Overnight, partially, penalty, perfected, personal, premium, prepay, priority, pro, profile, pursue, quoted, recessionary, refinance, repay, satisfactory, Senior, slightly, SOFR, speculative, standby, strategic, structured, sublimit, sum, swingline, unadjusted, unlimited, unrealized

Removed: accordion, amendment, Bonnie, Center, civil, Claim, Complaint, counsel, Court, declined, District, dividend, Elsdon, exist, feature, grid, Hale, Hand, hedging, increasing, lawsuit, London, noncash, obtainable, primary, Rehab, released, replace, seeking, Southern, spread, Suzanne, titled, unsecured, upcode, whistleblower

From filing 10-Q 2022 Q2

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