<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-02-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000831967</issuerCik>
        <issuerName>KINETIC CONCEPTS INC /TX/</issuerName>
        <issuerTradingSymbol>KCI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001010106</rptOwnerCik>
            <rptOwnerName>FREMONT PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001280400</rptOwnerCik>
            <rptOwnerName>FREMONT ACQUISITION CO 11 LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001280413</rptOwnerCik>
            <rptOwnerName>FP ADVISORS III LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001280414</rptOwnerCik>
            <rptOwnerName>FP ADVISORS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001280415</rptOwnerCik>
            <rptOwnerName>FREMONT GROUP LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001015336</rptOwnerCik>
            <rptOwnerName>FREMONT INVESTORS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FREMONT PARTNERS, LP</rptOwnerStreet1>
            <rptOwnerStreet2>199 FREMONT STREET, SUITE 2300</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94105</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8655164</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F10"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2154187</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F11"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3318502</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F3"/>
                    <footnoteId id="F11"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2125327</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F11"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3529</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F5"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3529</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F6"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F12"/>
            </exerciseDate>
            <expirationDate>
                <value>2010-08-11</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2941</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F7"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F13"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F14"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2951242</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F8"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F13"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F14"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>134282</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F9"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F13"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F14"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1317827</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F10"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F13"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F14"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>278746</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F11"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares are owned directly by Fremont Acquisition Company II, L.L.C.</footnote>
        <footnote id="F2">These shares are owned directly by Fremont Acquisition Company IIA, L.L.C.</footnote>
        <footnote id="F3">These shares are owned directly by Fremont KCI Co-Investment Company, L.L.C.</footnote>
        <footnote id="F4">These shares are owned directly by Fremont KCI Co-Investment Company II, L.L.C.</footnote>
        <footnote id="F5">These shares are owned directly by Fremont Partners, L.L.C.</footnote>
        <footnote id="F6">These shares are owned directly by Fremont Partners III, L.L.C.</footnote>
        <footnote id="F7">These securities are owned directly by Fremont Partners, L.P. (&quot;Fremont Partners&quot;).  The shares may also be deemed to be owned indirectly by (i) FP Advisors, L.L.C. (&quot;FP Advisors&quot;), the general partner of Fremont Partners, (ii) Fremont Group, L.L.C. (&quot;Fremont Group&quot;), the managing member of FP Advisors and (iii) Fremont Investors, Inc. (&quot;Fremont Investors&quot;), the manager of Fremont Group.  FP Advisors, Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.</footnote>
        <footnote id="F8">These shares are owned directly by Fremont Partners III, L.P. (&quot;Fremont Partners III&quot;).  The shares may also be deemed to be owned indirectly by (i) FP Advisors III, L.P. (&quot;FP Advisors III&quot;), the general partner of Fremont Partners III, (ii) Fremont Group, the sponsoring member of FP Advisors III and (iii) Fremont Investors, the manager of Fremont Group.  FP Advisors III, Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.</footnote>
        <footnote id="F9">These shares are owned directly by Fremont Partners III Side-By-Side, L.P (&quot;Side-By-Side III&quot;).  The shares may also be deemed to be owned indirectly by (i) Fremont Group, the general partner of Side-By-Side III, and (ii) Fremont Investors, the manager of Fremont Group.  Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.</footnote>
        <footnote id="F10">The shares may also be deemed to be owned indirectly by (i) Fremont Partners, the member of the limited liability companies described in Notes (1) and (2), (ii) FP Advisors, the general partner of Fremont Partners, (iii) Fremont Group, the managing member of FP Advisors and (iv) Fremont Investors, the manager of Fremont Group.  Fremont Partners, FP Advisors, Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.</footnote>
        <footnote id="F11">The shares may also be deemed to be owned indirectly by (i) FP Advisors, the managing member of the limited liability companies described in Notes (3) and (4), (ii) Fremont Group, the managing member of FP Advisors and (iii) Fremont Investors, the manager of Fremont Group.  FP Advisors, Fremont Group and Fremont Investors disclaim benefical ownership of these shares, except to the extent of any pecuniary interest thererin.</footnote>
        <footnote id="F12">The option vests in one-twelfth installments every three months over a period of three years beginning on November 11, 2003.</footnote>
        <footnote id="F13">Immediately.</footnote>
        <footnote id="F14">No expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>FREMONT PARTNERS, L.P. By: FP Advisors, L.L.C., GP By: Fremont Group, L.L.C., Managing Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>FREMONT INVESTORS, INC. By:  James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>FP ADVISORS, L.L.C. By:  Fremont Group, L.L.C., Managing Member By:  Fremont Investors, Inc., Manager By:  James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>FP ADVISORS III, L.L.C.  By:  Fremont Group, L.L.C., Sponsoring Member By:  Fremont Investors, Inc., Manager By:  James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>FREMONT GROUP, L.L.C. By:  Fremont Investors, Inc., Manager By:  James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>FREMONT ACQUISITION COMPANY II, L.L.C. By: Fremont Partners, L.P., Member By: FP Advisors, L.L.C., G P By: Fremont Group, L.L.C., Member By: Fremont Investors, Inc., Manager By: James T. Farrell, Managing Director, /s/ John Bibb, Attorney-in-Fact</signatureName>
        <signatureDate>2004-02-23</signatureDate>
    </ownerSignature>
</ownershipDocument>

