U.S. Physical Therapy Reports 18% Increase in Net Income

U.S. Physical Therapy Inc. reported on Thursday that its first quarter income was $3.7 million, an 18% increase from $3.2 million for the same quarter in 2010. U.S. Physical Therapy, a national operator of 397 outpatient physical therapy clinics in 42 states, highlighted a 12.6% increase in net revenue, with its first quarter revenue growing from $50,405,000 in the first quarter of 2010 to $56,741,000 in the first quarter of 2011.Clinic salaries and related costs comprised 52.2% of net revenue for the first quarter, with rent, clinic supplies, and contract labor taking up another 19.9% of the ...