On November 12, 2012, U. S. Physical Therapy, Inc. (the "Company") announced that its Chief Financial Officer, Lawrance McAfee, will present at the Stephens Fall Investment Conference on Wednesday, November 14, 2012. The presentation will cover an overview of the Company. The conference is being held at the New York Palace Hotel, New York.

A copy of the updated presentation is posted on the Company's website, www.usph.com.

The investor presentation contains certain non-GAAP financial measures as defined under Regulation G of the rules and regulations of the SEC. These non-GAAP financial measures contained in the presentation include a presentation of Adjusted Net Income Attributable to Common Shareholders ("Adjusted Net Income") and Adjusted EBITDA. Adjusted Net Income equals net income attributable to common shareholders ("Net Income") less after-tax effect of 2011 gain on purchase price settlement, 2010 gain on sale of five clinic joint venture and 2010 positive adjustment to income tax provision. All adjustments are described in our Annual Report on Form 10-K for the year ended December 31, 2011. Adjusted EBITDA equals Net Income before interest, taxes, depreciation and amortization and equity compensation expense and above mentioned adjustments to arrive at Adjusted Net Income. See the last pages of the investor presentation which includes a reconciliation of Net Income to Adjusted Net Income and Net Income to Adjusted EBITDA. Management believes providing these non-GAAP financial measurements to investors are 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.

Exhibits Description of Exhibits

99.1 *   Registrant's press release dated November 12, 2012 announcing
         presentation at the Stephens Fall Investment Conference on November 14,
         2012.

*Furnished herewith.