USPH News & Events

U.S. Physical Therapy sees 2026 adjusted EBITDA $102.0M-$106.0M

Reports Q4 revenue $202.73M, consensus $200.1M. CEO Chris Reading said, "Our team delivered a strong finish to a solid year where we made progress around a number of key initiatives which helped to deliver revenue growth of more than 16%, gross profit growth of over 20%, and margin and net rate improvements, among other positive developments. Additionally, we have recently announced several acquisitions as well as new, important hospital relationships in key markets which will create long-term value and increase our ability to serve patients in those areas. We have a very clear plan for the year ahead and we are excited to bring those plans to fruition with the capable help of our partners and our support teams around the country."

U.S. Physical Therapy announced the acquisition of an industrial injury prevention business for approximately $15.1 million. The business currently generates approximately $7.0 million in annual revenues. USPH acquired a 70% interest and 30% was retained by the current owner.

U.S. Physical Therapy announced a 10-year strategic alliance between its subsidiary partner, Metro Physical & Aquatic Therapy, and NYU Langone Health. NYU Langone and Metro Physical Therapy will work together in Long Island and the New York metropolitan area to deliver physical therapy care to patients throughout the region. Through this agreement, Metro Physical Therapy's existing 60 outpatient physical therapy clinics will become a part of NYU Langone's clinical services network. It is anticipated that this alliance will become operational commencing within the next few months.