For PT owners & clinicians · US & Canada
What PT practices sell for
Market ranges, not a quote or a guarantee.
In short
Single-clinic, owner-dependent physical therapy practices typically sell for about 1.5–3x seller’s discretionary earnings (SDE). Multi-clinic groups with roughly $1M+ of EBITDA trade around 6–8.5x EBITDA, and platform-scale groups 10–13x. Several clinicians, diversified referral sources and a favourable payor mix push a practice toward the top of its range. These are market ranges, not a quote or a guarantee.
The clinician depth ladder
The most valuable pre-sale project in this sector is reducing your own clinical load while holding volume. Every point of production you shift to other clinicians without losing visits converts owner-dependent revenue into business revenue.
Multi-clinic groups with ~$1M+ EBITDA trade around 6–8.5× EBITDA, and platform-scale groups 10–13×. Consolidators and PE-backed platforms compete.
Visits per clinician per week — and whether your therapists intend to stay — drive the underwriting directly.
The share of visits you personally deliver is, in practical terms, the share of revenue a buyer must assume is at risk.
Revenue tied to a person rather than a business. Priced on SDE (1.5–3×), most often by a clinician buyer — a lower number, simpler terms.
What moves the number
Buyers model your contracts individually; heavy exposure to any single payor, or to rates under pressure, is discounted.
Visits per clinician per week, and whether your therapists intend to stay, drive the underwriting directly.
A practice dependent on one or two referring physicians carries obvious risk; a diversified referral base does not.
The proportion of visits you personally deliver is the proportion of revenue a buyer must assume is at risk.
Who buys PT practices
How selling with Sentinel works
60 seconds, anonymous, no email. Your range from reported sales of comparable businesses.
Get my free PT valuation →One email. Ask Vera, our AI, anything; see what moves your number with your Exit Profile; get a free read on any offer.
Create my free account →Next quarter or in five years. The AI works your sale 24/7, a senior principal leads, and you approve every step. Most sales take six to twelve months.
See how the engine works →Confidential by design
We also source for acquirers — here’s how we keep the two apart, in writing: the five rules →
Real people, accountable
Meet the team → Founded 2019 · San Francisco · Toronto
Single-clinic, owner-dependent physical therapy practices typically sell for about 1.5–3x seller’s discretionary earnings (SDE). Multi-clinic groups with roughly $1M+ of EBITDA trade around 6–8.5x EBITDA, and platform-scale groups 10–13x. Several clinicians, diversified referral sources and a favourable payor mix push a practice toward the top of its range. These are market ranges, not a quote or a guarantee.
Physical therapy consolidators and private-equity-backed platforms are the most active buyers, along with hospital systems and physician groups buying for referral integration, and individual clinician buyers for smaller practices.
Not until you decide. We do not list or advertise practices. Buyers sign confidentiality agreements before they learn which practice is for sale, and you control when and how your team and patients are informed.
Prefer a person?
Clinics, clinicians, visits, payor mix — whatever you’re comfortable sharing. A principal reviews it personally and replies within one business day with an honest range. No listing. No pressure.
Or call (888) 560-5852
Prefer to explore on your own first? Try the free Exit Profile — no email needed.
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