US Physical Therapy (USPH) Prices 1.67M Share Offering at $90/sh
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U.S. Physical Therapy Announces Pricing of $150 Million Underwritten Public Offering of Common Stock
May 24, 2023 9:59 PM EDTHOUSTON--(BUSINESS WIRE)-- U.S. Physical Therapy, Inc. (NYSE: USPH) (U.S. Physical Therapy or the Company) today announced that it has priced an underwritten public offering of 1,666,667 shares of common stock at a price to the public of $90.00 per share of common stock. The underwriters have an option for 30 days to purchase up to an additional 250,000 shares of common stock from the Company. The offering is expected to close on May 30, 2023, subject to customary closing conditions.
The gross proceeds from the offering to U.S. Physical Therapy are expected to be approximately $150 million, before... More
