Eli's Rehab Report
NEWS BRIEFS:
U.S. Physical Therapy Acquires San Antonio Clinics
Published on Mon Dec 31, 2012
Physical therapy giant U.S. Physical Therapy announced on Nov. 18 that it acquired a 65 percent interest in a four-clinic outpatient rehab practice in San Antonio. The practice currently sees about 35,000 patients per year and produces more than $3 million in revenue, according to a U.S. Physical Therapy press release.
“The practice will continue to be run by the firm’s founding partner, who retains a 35 percent equity stake in the business,” said Chris Reading, U.S. Physical Therapy CEO.
The numbers: The acquisition purchase price was approximately $5 million, financed with $4.6 million of funding from U.S. Physical Therapy’s bank credit facility and a $400,000 seller note.
Other Articles in this issue of
Eli's Rehab Report
- Audits:
Think an Auditor's Decision Means the End-of-Story? Think Again!
See how one CORF fought -- and won some money back. Don't be afraid to dispute [...] - Billing:
Gear Up for Q1 With These Deductible Collection Tips
Save time, effort by learning the pros and cons of up-front collection. Collecting deductibles from [...] - Long-Term Care:
MDS 3.0 Is Coming: Get the Scoop on Therapy Changes
Say hello to a more accurate assessment tool. If you provide therapy in a skilled [...] - SNF Reimbursement:
MDS 3.0: Section G Changes Likely to Stir the Pot
Drastic ADL scoring changes could wipe out the RMX RUG category. If you work in [...] - READER QUESTIONS:
Avoid Billing Pitfalls With 97012 and 97140
Question: One of my therapists performed a suboccipital myofacial release with a patient for 10 [...] - READER QUESTIONS:
No Timed-Procedure Billing Guidelines? Try This
Question: Which guidelines should I use when billing timed procedures to non-Medicare carriers who haven't [...] - READER QUESTIONS:
Know the Billing Criteria RACs Will Be Referencing
Question: In the December issue of Eli's Rehab Report, Vol. 15, No. 12, your article [...] - NEWS BRIEFS:
Hospital Outpatient PT May Wrestle With Medicaid Reimbursement
If you provide outpatient therapy services in a hospital setting, pay attention to the latest [...] - NEWS BRIEFS:
Physical Therapy Clinic Pays Up for Anti-Kickback Violations and More
Advanced Centers for Orthopaedic Surgery and Sports Medicine Inc. and Maryland Sportscare and Rehabilitation agreed [...] - NEWS BRIEFS:
Check Out the New WHO Wheelchair Guidelines
The World Health Organization recently launched new guidelines on providing manual wheelchairs in "less resourced [...] - NEWS BRIEFS:
U.S. Physical Therapy Acquires San Antonio Clinics
Physical therapy giant U.S. Physical Therapy announced on Nov. 18 that it acquired a 65 [...] - CLINICAL REHAB ROUNDUP:
Consider Low-Frequency Electric Muscle Stimulation for Total Hip Arthroplasties In this recurring feature, Eli’s Rehab [...]
View All
