Jefferies Reiterates U.S. Physical Therapy Rating
Jefferies & Company reports that the bipartisan one-month "doc fix" passed by the Senate last night provided an unexpected positive surprise for rehab providers, such as U.S. Physical Therapy, Inc. (NASDAQ: USPH), as the rate cuts for second and succeeding therapy units were reduced from the 25% that CMS finalized earlier this month to 20%.
U.S. Physical Therapy currently trades at $18.40.
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