US Physical Therapy Appoints Nchacha Etta as New CFO
On August 14, US Physical Therapy (NYSE: USPH) announced that Nchacha Etta will become its Executive Vice President and Chief Financial Officer effective September 1. This follows a search initiated after Jason Curtis took on the interim role in April. Etta brings extensive experience from roles at Omnicell, EssilorLuxottica, Johnson & Johnson Vision, and The Coca-Cola Company. The appointment comes as USPH navigates recent acquisitions totaling $37.6 million this year and a reaffirmed 2026 earnings outlook of adjusted EBITDA between $102 million to $106 million. However, the company also faces challenges including declining net income in Q2 2026 and margin compression attributed partly to rising health benefit costs. Despite these issues, USPH's second-quarter revenue rose by 8.5% year-over-year to $214.1 million. The balance sheet shows increased borrowings under a new credit facility of up to $450 million following refinancing in April.
