<SEC-DOCUMENT>0001398344-25-009405.txt : 20250514
<SEC-HEADER>0001398344-25-009405.hdr.sgml : 20250514
<ACCEPTANCE-DATETIME>20250514160512
ACCESSION NUMBER:		0001398344-25-009405
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250514
DATE AS OF CHANGE:		20250514

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			U S PHYSICAL THERAPY INC /NV
		CENTRAL INDEX KEY:			0000885978
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-HEALTH SERVICES [8000]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				760364866
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-42530
		FILM NUMBER:		25945284

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001021223
		ORGANIZATION NAME:           	
		EIN:				954575414
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, SUITE 1110
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3105562721

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, SUITE 1110
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KAYNE ANDERSON INVESTMENT MANAGEMENT LLC
		DATE OF NAME CHANGE:	19990326

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KAIM TRADITIONAL L L C
		DATE OF NAME CHANGE:	19980223
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001398344-24-020651</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC -->
          <cik>0001021223</cik>
          <ccc>XXXXXXXX</ccc>
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      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


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  <formData>
    <coverPageHeader>
      <amendmentNo>9</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000885978</issuerCik>
        <issuerName>U.S. Physical Therapy, Inc.</issuerName>
        <issuerCusip>90337L108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1300 West Sam Houston Parkway South</com:street1>
          <com:street2>Suite 300</com:street2>
          <com:city>Houston</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77043</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
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    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Kayne Anderson Rudnick Investment Management, LLC</reportingPersonName>
      <citizenshipOrOrganization>CA</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>236478.00</soleVotingPower>
        <sharedVotingPower>682520.00</sharedVotingPower>
        <soleDispositivePower>252728.00</soleDispositivePower>
        <sharedDispositivePower>682520.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>935248.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>6.16</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
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      <item1>
        <issuerName>U.S. Physical Therapy, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1300 West Sam Houston Parkway South, Suite 300, Houston, TX 77043</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Kayne Anderson Rudnick Investment Management, LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>2000 Avenue of the Stars, Suite 1110, Los Angeles, CA 90067</principalBusinessOfficeOrResidenceAddress>
        <citizenship>A California Limited Liability Company</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>935248</amountBeneficiallyOwned>
        <classPercent>6.16</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>236478</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>682520</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>252728</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>682520</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Kayne Anderson Rudnick Investment Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Michael Shoemaker</signature>
        <title>Michael Shoemaker, Chief Compliance Officer</title>
        <date>05/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
