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US Physical Therapy (USPH) to Acquire a 12 Clinic Group for $11.5M

Go back to US Physical Therapy (USPH) to Acquire a 12 Clinic Group for $11.5M

Jefferies Raises Price Target on US Physical Therapy (USPH) to $63 Following 12-Clinic Acquisition

December 2, 2016 8:53 AM EST

Jefferies reiterated a Hold rating on U.S. Physical Therapy (NYSE: USPH), and raised the price target to $63.00 (from $60.00), following the company's acquisition of a 60% stake in a 12-clinic group. Management expects the acquisition to add more than $10 MM in revenue.

Analyst Brian Tanquilut... More