ITEM 8.01 Other Event. On January 3, 2022, U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced an acquisition of a three-clinic physical therapy practice in South Carolina.

USPH acquired 75% of the equity interests of the physical therapy practice with the practice's founder and owner retaining 25%. The purchase price for the 75% equity interest was approximately $3.7 million. The business generates more than $2.7 million in annual revenue and has approximately 31,000 patient visits per year.

A copy of the press release is attached hereto as Exhibit 99.1

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ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS


Exhibits   Description of Exhibits

  99.1      Registrant's Press Release dated January 3, 2022*

* Filed herewith.


                                   SIGNATURE

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.




                                             U.S. PHYSICAL THERAPY, INC.

Dated: January 3, 2022                       By:   /s/ CAREY HENDRICKSON
                                                   Carey Hendrickson
                                                   Chief Financial Officer
                                                   (duly authorized officer and
                                                   principal financial and
                                                   accounting officer)

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