US Physical Therapy Inc (NYSE: USPH) is a physical therapy services company that owns and operates outpatient physical and occupational therapy clinics. Revenue is generated on a fee-for-service basis, with payments collected from patients, private insurers, and government payors such as Medicare and Medicaid. The company is incorporated in Nevada and headquartered in Texas. As of the fiscal year ended in the period covered by the 10-K filed 2026-02-27 (accession 000114036126007170), USPH operates across multiple states. The filing does not disclose specific clinic counts, revenue figures, or segment breakdowns in the excerpts provided, so those details are omitted here. USPH trades on the NYSE under the ticker USPH with common stock carrying a par value of $0.01 per share.

Revenue model

Fee-for-service outpatient physical and occupational therapy, with reimbursement from private insurers, Medicare, Medicaid, and direct patient payments.

Products and services

Outpatient physical therapy, occupational therapy

Customers and end markets

Individual patients requiring outpatient physical or occupational therapy; payors include private health insurers, Medicare, and Medicaid

Value-chain role

Direct provider of outpatient rehabilitative therapy services

Geographic exposure

United States (headquartered in Texas; incorporated in Nevada)

Source: SEC 10-K, filed 2026-02-27

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