U.S. Physical Therapy: Steady Growth and Attractive Valuation Make This Physical Therapy Provider a Potential Buy
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U.S. Physical Therapy (USPH) operates over 660 physical therapy clinics and provides injury prevention services, with acquisitions being a key growth driver.
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The physical therapy industry has favorable tailwinds like an aging population, rising obesity rates, and a focus on cost-effective care.
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USPH has seen steady growth in clinics, patient visits, and revenue, although temporarily impacted by the pandemic.
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Risks include potential cuts to Medicare reimbursement rates and impacts of an economic recession.
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The stock trades at an attractive valuation relative to historical multiples, representing a potential buying opportunity.