U.S. Physical Therapy Completes 12-Clinic Acquisition HOUSTON--(BUSINESS WIRE)

Physical Therapy Completes 12-Clinic Acquisition

HOUSTON--(BUSINESS WIRE)--December 10, 2013--U.S. Physical Therapy, Inc.

(NYSE: USPH), a national operator of outpatient physical therapy

clinics, reported today that the Company has acquired a majority

interest in a 12-clinic physical therapy business. The clinics treat

approximately 75,000 patient visits per year and generate more than $6.4

million in annual revenue. The 60% majority interest was purchased for

About U.S. Physical Therapy, Inc.

Founded in 1990, U.S. Physical Therapy, Inc. operates 463 outpatient

physical and occupational therapy clinics in 43 states. The Company's

clinics provide preventative and post-operative care for a variety of

orthopedic-related disorders and sports-related injuries, treatment for

neurologically-related injuries and rehabilitation of injured workers.

In addition to owning and operating clinics, the Company manages 20

physical therapy facilities for third parties, including hospitals and

More information about U.S. Physical Therapy, Inc. is available at www.usph.com.

The information included on that website is not incorporated into this

Forward-Looking Statements

This press release contains statements that are considered to be

forward-looking within the meaning under Section 21E of the Securities

Exchange Act of 1934, as amended. These statements contain

forward-looking information relating to the financial condition, results

of operations, plans, objectives, future performance and business of our

Company. These statements (often using words such as "believes",

"expects", "intends", "plans", "appear", "should" and similar words)

involve risks and uncertainties that could cause actual results to

differ materially from those we project. Included among such statements

are those relating to new clinics, availability of personnel and the

reimbursement environment. The forward-looking statements are based on

our current views and assumptions and actual results could differ

materially from those anticipated in such forward-looking statements as

a result of certain risks, uncertainties, and factors, which include,

but are not limited to:

changes in Medicare guidelines and reimbursement or failure of our

clinics to maintain their Medicare certification status;

business and regulatory conditions including federal and state

changes in reimbursement rates or payment methods from third party

payors including government agencies and deductibles and co-pays owed

revenue and earnings expectations;

general economic conditions;

changes as the result of government enacted national healthcare reform;

availability and cost of qualified physical and occupational

personnel productivity;

competitive, economic or reimbursement conditions in our markets which

may require us to reorganize or close certain operations and thereby

incur losses and/or closure costs including the possible write-down or

write-off of goodwill and other intangible assets;

maintaining adequate internal controls;

availability, terms, and use of capital;

acquisitions, purchase of non controlling interests (minority

interests) and the successful integration of the operations of the

acquired businesses; and

weather and other seasonal factors.

Many factors are beyond our control. Given these uncertainties, you

should not place undue reliance on our forward-looking statements.

Please see our periodic reports filed with the Securities and Exchange

Commission for more information on these factors. Our forward-looking

statements represent our estimates and assumptions only as of the date

of this press release. Except as required by law, we are under no

obligation to update any forward-looking statement, regardless of the

reason the statement is no longer accurate.

U.S. Physical Therapy, Inc.

Larry McAfee, (713) 297-7000

Chris Reading, (713) 297-7000

Stephanie Carrington, (646)