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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

Will Hamilton
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,...

Will Hamilton
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...

Will Hamilton
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...

Will Hamilton
Feb 15, 20231 min read
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