<ARTICLE> 5
<CIK> 0000885978
<NAME> U.S. PHYSICAL THERAPY, INC.
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               SEP-30-1999
<CASH>                                            3616
<SECURITIES>                                         0
<RECEIVABLES>                                    11290
<ALLOWANCES>                                      1940
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 14441
<PP&E>                                           15385
<DEPRECIATION>                                    8934
<TOTAL-ASSETS>                                   23242
<CURRENT-LIABILITIES>                             3056
<BONDS>                                           8101
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            36
<OTHER-SE>                                        9972
<TOTAL-LIABILITY-AND-EQUITY>                     23242
<SALES>                                              0
<TOTAL-REVENUES>                                 36958
<CGS>                                                0
<TOTAL-COSTS>                                    31649
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 544
<INCOME-PRETAX>                                   2893
<INCOME-TAX>                                      1143
<INCOME-CONTINUING>                               1750
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                      1750
<EPS-BASIC>                                      .51
<EPS-DILUTED>                                      .49