U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced today that the operations of 51 of the Company’s 614 clinics were affected by Hurricane Ian. Due to the high winds, loss of electrical power, flooding and road closures attributed to the severe storm, U.S. Physical Therapy’s business was interrupted in large parts of the states of Florida, Georgia, and South Carolina. The Company estimates that approximately 3,500 patient visits, representing approximately $300,000 in revenue and gross profit contribution, were lost from September 26 through September 30. An additional 1,100 patient visits, representing approximately $95,000 in revenue and gross profit contribution, were lost in the first week of October. The Company expects continued interruption at several clinics for the next few weeks and will provide an update on its third quarter conference call scheduled for Thursday, November 3, 2022, at 10:30 am Eastern/9:30 am Central.
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