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US Physical Therapy (USPH) Announces Acquisition of 20 Clinics; Raises FY11 Outlook

July 27, 2011 9:06 AM EDT
US Physical Therapy (Nasdaq: USPH) announced the purchase of 20 clinics in the physical therapy group. The company's price for the 51 percent stake was $8.426 million.

Lifted its FY11 EPS guidance from $1.35-$1.40 to $1.38-$1.43, which compares to the Street estimate of $1.41.


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