U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events

ITEM 8.01 OTHER EVENTS.

On March 31, 2017, U.S. Physical Therapy, Inc. (NYSE: USPH),
announced that the filing of its Annual Report on Form 10-K for
the year ended December 31, 2016 will not occur until after the
extended March 31, 2017 deadline.The Company also announced an
18% increase in its regular quarterly dividend.

Form 10-K

On March 17, 2017, USPH filed a Form 12b-25, Notification of Late
Filing, with the Securities and Exchange Commission (the SEC)
regarding its delayed Form 10-K due to managements need for
additional time to complete its review of the appropriate
accounting treatment for redeemable non-controlling interests of
its acquired partnerships. At that time, the Company expected
that it would be able to file the Form 10-K within the 15-day
extension period provided by Form 12b-25. The Company has
subsequently determined that it will be unable to meet the 15-day
extension period deadline. The Company continues to work
diligently to complete the preparation of its consolidated
financial statements in order to be in a position to file its
Annual Report on Form 10-K for the fiscal year ended December 31,
2016 with the SEC as soon as possible in April.

Increase in Quarterly Dividend

The Company also announced that it is increasing its quarterly
dividend per share by 18% to $0.20 per quarter in 2017 from $0.17
per quarter in 2016. The first quarterly dividend of 2017 will be
paid on May 5, 2017 to shareholders of record as of April 17,
2017. The Company initiated paying quarterly dividends in 2011
and has increased the amount each year since.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

* Filed herewith.

About U.S. PHYSICAL THERAPY, INC. (NYSE:USPH)

U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Company’s segment is made up of various clinics within partnerships. The Company primarily operates through subsidiary clinic partnerships, in which it owns a general partnership interest and a limited partnership interest, and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company operates approximately 510 clinics in over 40 states. There are approximately 380 clinics operated under Clinic Partnerships and over 100 operated as Company-owned Facilities. In addition to its owned clinics, it also manages physical therapy facilities for third parties, primarily physicians, with over 20 third-party facilities under management.

U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Recent Trading Information

U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) closed its last trading session down -0.25 at 65.30 with 68,686 shares trading hands.