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):August 2, 2007 (August 2, 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 2.02   RESULTS OF OPERATIONS AND FINANCIAL RESULTS

On August 2, 2007, U.S. Physical Therapy, Inc. (the "Company") reported its
results for the second quarter and six months ended June 30, 2007. A copy of the
press release is attached hereto as Exhibit 99.1.


Exhibits       Description of Exhibits
--------       ------------------------
99.1           Registrant's press release dated August 2, 2007 announcing
               financial  results for the second quarter and six months ended
               June 30, 2007.*

*Furnished 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: August 2, 2007               By: /s/ LAWRANCE W. MCAFEE
                                        ------------------------
                                           Lawrance W. McAfee
                                           Chief Financial Officer
                                (duly authorized officer and principal financial
                                           and accounting officer)




                                INDEX TO EXHIBITS

EXHIBIT        DESCRIPTION OF EXHIBIT
-------        ----------------------
99.1           Press Release dated August 2, 2007.*

* Furnished herewith