top of page
Sign up for our new Weekly Checkup Newsletter
Healthcare M&A and Valuation
News and Insights


Physical Therapy Valuation Multiples and M&A Trends 2026
The physical therapy industry is a large and steady-growing sub-segment within the healthcare industry, focused on improving mobility, managing pain, and enhancing overall quality of life for patients, often after a significant injury or surgical procedure. Services are provided in various settings including outpatient clinics, hospitals, post-acute facilities, and at-home, and address a wide range of conditions from orthopedic and neurological disorders to cardiopulmonary is
Apr 165 min read


Private Equity Acquires ATI Physical Therapy (~11.2x EBITDA)
On August 1, 2025, ATI Physical Therapy, Inc. (OTC: ATIP), a leading U.S. provider of outpatient physical therapy and rehabilitation services operating hundreds of clinics across more than 20 states, transitioned from a publicly traded company to private ownership through a merger led by existing stockholders and private investment firms Knighthead Capital Management and Marathon Asset Management. Under the definitive merger agreement, stockholders not affiliated with the in
Aug 7, 20252 min read


Physical Therapy Valuation Multiples and M&A Trends 2025
The physical therapy industry is a large and steady-growing sub-segment within the healthcare industry, focused on improving mobility, managing pain, and enhancing overall quality of life for patients, often after a significant injury or surgical procedure. Services are provided in various settings including outpatient clinics, hospitals, post-acute facilities, and at-home, and address a wide range of conditions from orthopedic and neurological disorders to cardiopulmonary is
Mar 7, 20255 min read


Metro MSO Acquired by U.S. Physical Therapy, Inc. (~12.8x EBITDA)
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that it has signed an...
Oct 8, 20242 min read


Physical Therapy EBITDA Multiples: Motion PT Acquired by Confluent Health (~12.5x EBITDA)
Partners Group -backed Confluent Health announced a new partnership with MOTION PT, a physical therapy, occupational therapy, and speech...
Feb 15, 20231 min read
bottom of page