U.S. Physical Therapy - 1792 Exchange

Rating Overview

U.S. Physical Therapy is Lower Risk.

U.S. Physical Therapy is Lower Risk. The company does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Overall, U.S. Physical Therapy does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Lower Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Lower

Rationale:

U.S. Physical Therapy has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

U.S. Physical Therapy does not appear to discriminate against charitable organizations based on views or beliefs (1)(2).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

U.S. Physical Therapy appears to prioritize diversity over merit in its recruitment. From its 2023 ESG report: “Our internal recruiters and local partnership leaders work with historically black colleges and universities (HBCUs)…enhance diversity in our applicant pools. In 2022, more than 61% of our clinical hires and more than 72% of all Company hires were diverse by gender, race, or ethnicity” (1)(2). U.S. Physical Therapy does not publish a nondiscrimination policy (3)(4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

U.S. Physical Therapy supports ESG within its business practices. From its ESG Report: “As a result, our approach to ESG focuses on protecting, sustaining, and caring for our most important assets – our employees and our patients. These stakeholders are key to the success of our organization” (1)(2). U.S. Physical Therapy’s CEO Chris Reading signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (3)(4).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Lower

Rationale:

U.S. Physical Therapy has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

U.S. Physical Therapy has not used its PAC donations for ideological purposes and does not report on its lobbying at this time (1)(2)(3).