Current Report Filing (8-k)
June 17 2020 - 8:41AM
Edgar (US Regulatory)
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): June 17, 2020
U.S. PHYSICAL THERAPY, INC.
(Exact name of registrant as specified in its charter)
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):
Securities registered pursuant to Section 12(b) of the Act:
ITEM 8.01 OTHER EVENTS
Sale of Certain Assets of 6 Clinics
On June 16, 2020, U.S. Physical Therapy, Inc. sold six closed clinics for an aggregate sale price
of $810,000. The Company will retain the sold clinics’ accounts receivable.
The Company will record a pre-tax gain of approximately $0.5 million, net of the allocation to the
non-controlling interest partners, on the sale of the 6 clinics.
Summary of Risk Factors
Our business can be affected by certain risks, uncertainties and factors which include, but are not limited to:
Refer to Item 1A. Risk Factors in the Company’s Quarterly Report on Form 10-Q filed on May 21, 2020 and the Company’s Annual Report on Form 10-K for the
year ended December 31, 2019 filed on February 28, 2020 for a listing and explanation of risk factors.
* Filed 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.
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