<SEC-DOCUMENT>0001157523-13-005745.txt : 20131210
<SEC-HEADER>0001157523-13-005745.hdr.sgml : 20131210
<ACCEPTANCE-DATETIME>20131210112420
ACCESSION NUMBER:		0001157523-13-005745
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131210
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131210
DATE AS OF CHANGE:		20131210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S PHYSICAL THERAPY INC /NV
		CENTRAL INDEX KEY:			0000885978
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HEALTH SERVICES [8000]
		IRS NUMBER:				760364866
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11151
		FILM NUMBER:		131267550

	BUSINESS ADDRESS:	
		STREET 1:		1300 WEST SAM HOUSTON PARKWAY
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		7132977000

	MAIL ADDRESS:	
		STREET 1:		1300 WEST SAM HOUSTON PARKWAY
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50766084.htm
<DESCRIPTION>U.S. PHYSICAL THERAPY, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2013 Business Wire, a Berkshire Hathaway company.-->
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  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">
      <br>
      <br>
      <br>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><font style="font-size: 14pt"><br style="font-size: 14pt"></font><font style="font-size: 14pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 14pt"><br style="font-size: 14pt"></font><font style="font-size: 14pt; font-family: Times New Roman"><b>WASHINGTON,
      DC 20549</b></font><br><br><font style="font-size: 14pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman"><b>Securities
      Exchange Act of 1934</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><br><font style="font-size: 12pt; font-family: Times New Roman">Date
      of Report (Date of earliest event reported):&#160;December 10, 2013</font><font style="font-size: 12pt; font-family: Times New Roman"><b>
      </b></font><font style="font-size: 12pt; font-family: Times New Roman">(December
      10, 2013)</font><br><br><font style="font-size: 14pt; font-family: Times New Roman"><b>U.S.
      PHYSICAL&#160;THERAPY, INC.</b></font><br><font style="font-size: 12pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Nevada</b></u>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 34%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>1-11151</b></u>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>76-0364866</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation or organization)
          </p>
        </td>
        <td valign="top" style="text-align: center; width: 34%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Number)
          </p>
        </td>
        <td valign="top" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="text-align: center; width: 67%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>1300 West Sam Houston Parkway South, Suite 300, Houston,
            Texas</b></u>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; width: 33%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>77042</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 67%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of Principal Executive Offices)</font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: </font><font style="font-size: 10pt; font-family: Times New Roman"><b>(713)
      297-7000</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (</font><u><font style="font-size: 10pt; font-family: Times New Roman">see</font></u><font style="font-size: 10pt; font-family: Times New Roman">
      General Instruction A.2. below):</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">
      <b>ITEM 8.01&#160;&#160;&#160;OTHER EVENTS</b>
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      On December 10, 2013, U.S. Physical Therapy, Inc. (the &#8220;Company&#8221;)
      announced it acquired a majority interest in a 12-clinic physical
      therapy business. The clinics treat approximately 75,000 patient visits
      per year and generate more than $6.4 million in annual revenue. The 60%
      majority interest was purchased for $1,683,000.
    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: justify">
      <b>ITEM 9.01&#160;&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="text-align: left; width: 16%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Exhibits</b></u>
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 84%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Description of Exhibits</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 16%">

        </td>
        <td style="width: 84%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; white-space: nowrap; width: 16%; padding-left: 0.0px">
          99.1
        </td>
        <td valign="top" style="width: 84%; padding-left: 0.0px">
          Registrant's press release dated December 10, 2013.*
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify; margin-left: 120.0px">

    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      *Furnished herewith.
    </p>
    <p>

    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font><br>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>U.S. PHYSICAL THERAPY, INC.</b>
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 10%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          December 10, 2013
        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By: <u>&#160;&#160;&#160;/s/ LAWRANCE W. MCAFEE</u>
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Lawrance W. McAfee
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;(duly authorized officer and principal financial
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: center; width: 40%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            and accounting officer)
          </p>
        </td>
        <td style="width: 10%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td valign="top" style="text-align: left; width: 15%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>EXHIBIT</b></u>
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>DESCRIPTION OF EXHIBIT</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; text-align: left; white-space: nowrap; width: 15%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated December 10, 2013.*
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td valign="top" style="text-align: left; width: 85%; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" colspan="2" style="text-align: left; padding-left: 0.0px">
          * Furnished herewith
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50766084ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2013 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>U.S.
      Physical Therapy Completes 12-Clinic Acquisition</b></font>
    </p>
    <p>
      HOUSTON--(BUSINESS WIRE)--December 10, 2013--U.S. Physical Therapy, Inc.
      (NYSE: USPH), a national operator of outpatient physical therapy
      clinics, reported today that the Company has acquired a majority
      interest in a 12-clinic physical therapy business. The clinics treat
      approximately 75,000 patient visits per year and generate more than $6.4
      million in annual revenue. The 60% majority interest was purchased for
      $1,683,000.
    </p>
    <p>
      <u><b>About U.S. Physical Therapy, Inc.</b></u>
    </p>
    <p>
      Founded in 1990, U.S. Physical Therapy, Inc. operates 463 outpatient
      physical and occupational therapy clinics in 43 states. The Company's
      clinics provide preventative and post-operative care for a variety of
      orthopedic-related disorders and sports-related injuries, treatment for
      neurologically-related injuries and rehabilitation of injured workers.
      In addition to owning and operating clinics, the Company manages 20
      physical therapy facilities for third parties, including hospitals and
      physician groups.
    </p>
    <p>
      More information about U.S. Physical Therapy, Inc. is available at <u>www.usph.com</u>.
      The information included on that website is not incorporated into this
      press release.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Forward-Looking Statements</b></u>
    </p>
    <p>
      This press release contains statements that are considered to be
      forward-looking within the meaning under Section 21E of the Securities
      Exchange Act of 1934, as amended. These statements contain
      forward-looking information relating to the financial condition, results
      of operations, plans, objectives, future performance and business of our
      Company. These statements (often using words such as &#8220;believes&#8221;,
      &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221;, &#8220;appear&#8221;, &#8220;should&#8221; and similar words)
      involve risks and uncertainties that could cause actual results to
      differ materially from those we project. Included among such statements
      are those relating to new clinics, availability of personnel and the
      reimbursement environment. The forward-looking statements are based on
      our current views and assumptions and actual results could differ
      materially from those anticipated in such forward-looking statements as
      a result of certain risks, uncertainties, and factors, which include,
      but are not limited to:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        changes in Medicare guidelines and reimbursement or failure of our
        clinics to maintain their Medicare certification status;
      </li>
      <li style="margin-bottom: 10.0px">
        business and regulatory conditions including federal and state
        regulations;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in reimbursement rates or payment methods from third party
        payors including government agencies and deductibles and co-pays owed
        by patients;
      </li>
      <li style="margin-bottom: 10.0px">
        revenue and earnings expectations;
      </li>
      <li style="margin-bottom: 10.0px">
        general economic conditions;
      </li>
      <li style="margin-bottom: 10.0px">
        changes as the result of government enacted national healthcare reform;
      </li>
      <li style="margin-bottom: 10.0px">
        availability and cost of qualified physical and occupational
        therapists;
      </li>
      <li style="margin-bottom: 10.0px">
        personnel productivity;
      </li>
      <li style="margin-bottom: 10.0px">
        competitive, economic or reimbursement conditions in our markets which
        may require us to reorganize or close certain operations and thereby
        incur losses and/or closure costs including the possible write-down or
        write-off of goodwill and other intangible assets;
      </li>
      <li style="margin-bottom: 10.0px">
        maintaining adequate internal controls;
      </li>
      <li style="margin-bottom: 10.0px">
        availability, terms, and use of capital;
      </li>
      <li style="margin-bottom: 10.0px">
        acquisitions, purchase of non controlling interests (minority
        interests) and the successful integration of the operations of the
        acquired businesses; and
      </li>
      <li style="margin-bottom: 10.0px">
        weather and other seasonal factors.
      </li>
    </ul>
    <p>
      Many factors are beyond our control. Given these uncertainties, you
      should not place undue reliance on our forward-looking statements.
      Please see our periodic reports filed with the Securities and Exchange
      Commission for more information on these factors. Our forward-looking
      statements represent our estimates and assumptions only as of the date
      of this press release. Except as required by law, we are under no
      obligation to update any forward-looking statement, regardless of the
      reason the statement is no longer accurate.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>U.S. Physical Therapy, Inc.<br>Larry McAfee, (713) 297-7000<br>Chief
      Financial Officer<br>or<br>Chris Reading, (713) 297-7000<br>Chief
      Executive Officer<br>or<br>The Ruth Group<br>Stephanie Carrington, (646)
      536-7017
    </p>
    <p>

    </p>
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