<SEC-DOCUMENT>0000885978-20-000019.txt : 20200617
<SEC-HEADER>0000885978-20-000019.hdr.sgml : 20200617
<ACCEPTANCE-DATETIME>20200617084127
ACCESSION NUMBER:		0000885978-20-000019
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200617
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200617
DATE AS OF CHANGE:		20200617

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:		20968123

	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>
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    <div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Pursuant to Section&#160;13 or 15(d)</div>
    <div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">of the Securities Exchange Act of 1934</div>
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      <div> Securities registered pursuant to Section 12(b) of the Act:<br>
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                <div style="text-align: center; color: #231F20; font-family: 'Times New Roman', serif;">Trading</div>
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                <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter)
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                  <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;Emerging growth
                    company&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="COLOR: #000000; BACKGROUND-COLOR: #ffffff"></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
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        <div style="font-family: 'Times New Roman', serif; margin-top: 0.75pt;">
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                  <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
                    or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#9744;</div>
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        <br>
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      <div style="margin-bottom: 12pt; font-variant: normal; text-transform: none; font-weight: bold; font-style: normal; text-align: justify;">ITEM 8.01&#160; OTHER EVENTS</div>
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        <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Sale of Certain Assets of 6 Clinics</div>
        <div style="text-align: left; margin-top: 12pt; margin-bottom: 12pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: normal;">On June 16, 2020, U.S. Physical Therapy, Inc. sold six closed clinics for an aggregate sale price
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        <div style="text-align: left; margin-top: 12pt; margin-bottom: 12pt; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: normal;">The Company will record a pre-tax gain of approximately $0.5 million, net of the allocation to the
          non-controlling interest partners, on the sale of the 6 clinics.</div>
        <div style="text-align: left; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Summary of Risk Factors</div>
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        <div style="text-align: left; color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: normal;">Our business can be affected by certain risks, uncertainties and factors which include, but are not limited to:</div>
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                  <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">the multiple effects of the impact of public health crises and epidemics/pandemics, such as the novel strain of&#160; COVID-19 (coronavirus) which the
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        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif; font-weight: normal;">Refer to Item 1A. Risk Factors in the Company&#8217;s Quarterly Report on Form 10-Q filed on May 21, 2020 and the Company&#8217;s Annual Report on Form 10-K for the
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    <div style="MARGIN-TOP: 11.25pt">* Filed herewith.<br>
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    <div style="font-family: 'Times New Roman'; font-weight: bold; text-align: center; margin-top: 11.25pt;">SIGNATURE</div>
    <div style="font-family: 'Times New Roman'; text-align: left; margin-top: 12pt;">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
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            <div style="font-family: 'Times New Roman'; font-weight: bold; text-align: left; margin-right: 2.8pt;">U.S. PHYSICAL THERAPY, INC.</div>
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          <td style="WIDTH: 4.04%; VERTICAL-ALIGN: top; PADDING-BOTTOM: 2px">&#160;</td>
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            <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">By:</div>
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            <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-RIGHT: 0.8pt">&#160;</div>
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            <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">/s/ LAWRANCE W. MCAFEE</div>
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          <td style="WIDTH: 45.26%; VERTICAL-ALIGN: top">&#160;</td>
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            <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-RIGHT: 0.8pt">&#160;</div>
          </td>
          <td style="WIDTH: 4.04%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 0.96%; VERTICAL-ALIGN: bottom">
            <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-RIGHT: 0.8pt">&#160;</div>
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          <td style="WIDTH: 2.09%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">
            <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left; MARGIN-RIGHT: 0.8pt">&#160;</div>
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            <div style="font-family: 'Times New Roman'; text-align: left; margin-right: 0.8pt;">(duly authorized officer and principal financial and accounting officer)</div>
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