Current Report Filing (8-k)
July 27 2021 - 6:01AM
Edgar (US Regulatory)
falseU S PHYSICAL THERAPY INC /NV000088597800008859782021-07-262021-07-26
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): July 26, 2021
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:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
ITEM 8.01 Other Event.
U.S. Physical Therapy, Inc. (the
“Company”) experienced continued strength in patient volumes throughout the second quarter of 2021, with average visits per clinic per day of 30.0 for the three months ended June 30, 2021 (“2021 Second Quarter”), the highest number of average
visits per clinic per day for a quarter in the Company’s history and exceeding pre-COVID volume levels. Average visits per clinic per day of 30.0 for the 2021 Second Quarter compares to 18.9 in the second quarter of 2020 and 28.2 in the second
quarter of 2019. Also, the Company’s salaries and related labor costs for its physical therapy operations in the 2021 second quarter were lower as a percentage of revenues than in the first quarter of 2021.
As previously announced, U.S. Physical Therapy will issue its financial results for the second quarter and six months ended June 30, 2021, on Thursday, August 5, 2021, before the opening of the stock market, with a conference call hosted by the
Company’s management at 10:30 am Eastern/9:30 am Central time.
Summary of Risk Factors:
Our business can be affected by certain risks, uncertainties and factors which include, but are not limited to:
See Risk Factors in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020.
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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