UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported):
                     February 13, 2007 (February 13, 2007)

                           U.S. PHYSICAL THERAPY, INC.
             (Exact name of registrant as specified in its charter)

           Nevada                       1-11151                 76-0364866
-------------------------------         -------                 ----------
(State or other jurisdiction of     (Commission File         (I.R.S. Employer
 incorporation or organization)          Number)            Identification No.)


1300 West Sam Houston Parkway South, Suite 300, Houston, Texas          77042
---------------------------------------------------------------       ----------
    (Address of Principal Executive Offices)                          (Zip Code)

       Registrant's telephone number, including area code: (713) 297-7000


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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))





Item 7.01 Regulation FD Disclosure.

     U. S. Physical Therapy, Inc. (the "Company") will deliver a presentation on
Tuesday, February 13, 2007 at the 2007 UBS Global Healthcare Services Conference
being held at the Grand Hyatt New York in New York, New York.  Lawrance  McAfee,
Executive  Vice  President  and  Chief  Financial  Officer,   will  address  the
conference.

     A copy  of the  presentation  may be  accessed  on the  Company's  website,
www.usph.com.

     The presentation  contains certain non-GAAP  financial  measures as defined
under  Regulation  G of the  rules  and  regulations  of the SEC.  The  non-GAAP
financial  measures  contained in the  presentation  include a  presentation  of
EBITDA.  EBITDA  equals net income  before  interest,  taxes,  depreciation  and
amortization  expense.  See the  addendum  included  in the  presentation  for a
reconciliation  of net  income to EBITDA.  Management  believes  providing  this
non-GAAP financial  information to investors is useful information for comparing
the Company's period-to-period results.

     Pursuant  to the  rules of the  Securities  and  Exchange  Commission,  the
information  contained  in this report shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities  Exchange Act of 1934, as amended,  and
will not be incorporated by reference into any filings by the Company under such
Act or the Securities Act of 1933, as amended.








                                    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: February 13, 2007              By:  /s/ LAWRANCE W. MCAFEE
                                         ------------------------
                                             Lawrance W. McAfee
                                          Chief Financial Officer
                               (duly authorized officer and principal financial
                                          and accounting officer)