Medical Exit GroupSell Your Physical Therapy Practice
Medical Exit Group is a seller-side physical therapy practice broker and M&A advisor for owners of outpatient, orthopedic and sports PT clinics across the United States. We value your clinic, prepare it for buyers and sell it confidentially, from a free valuation through closing.
- Seller-side only
- Buyers sign an NDA first
- Single clinics to multi-site groups
How a PT practice sale works
How do I sell my physical therapy practice?
To sell a physical therapy practice, get a confidential valuation, organize your therapist, referral, payer and visit data, plan how your own caseload, Medicare enrollment and payer contracts will move to the new owner, market the clinic to qualified buyers under NDA, compare letters of intent, then manage diligence through closing. Your healthcare attorney handles the ownership-change filings; we plan the timing around them.
Value the clinic
A free, confidential valuation built on your therapist, visit and payer data, the way PT buyers price clinics.
Plan the handoff
We map how your caseload, Medicare enrollment and payer contracts move to a new owner before buyers ask.
Reach the right buyers
PT platforms, regional groups and qualified therapists sign an NDA before they learn your clinic's name.
Compare LOIs
We compare letters of intent on price, rollover equity and your role after the sale, then run diligence to closing.
What buyers look at
What do buyers look for in a physical therapy practice?
Buyers of PT clinics look hardest at therapist retention, referral sources, payer mix, visits per patient, how much of the caseload depends on you, and the quality of your documentation and billing.
Therapist retention
Licensed therapists who are likely to stay after the sale are the core of what a buyer is paying for.
Referral sources
Steady referrals from many physicians and orthopedic groups beat dependence on one or two.
Payer mix
The balance of commercial, Medicare, workers' comp and cash-pay visits shapes how dependable revenue looks. Clinics that rely heavily on Medicare carry more rate risk, because Medicare's outpatient therapy rates are reset every year.
Visits per patient
Consistent visits per plan of care and low cancellation rates show a well-run clinic.
Your own caseload
If you treat most of the patients yourself, buyers will want a plan for handing that caseload to your team.
Documentation and billing
Clean notes, coding and billing protect the price when a buyer reviews your records.
PT practice valuation
How is a physical therapy practice valued?
A physical therapy practice is valued on its earnings: owner-operated single clinics are usually priced on seller's discretionary earnings (SDE), and larger or multi-site clinics on a multiple of adjusted EBITDA, with owner pay reset to what a hired clinic director would earn. PT practice valuation guide →
Larger and multi-site clinics
A multiple of adjusted EBITDA
Earnings are restated with owner pay reset to what a hired clinic director would earn. Scale, several locations and a deep therapist bench all push the multiple up.
Owner-operated clinics
Seller's discretionary earnings, adjusted for owner dependence
When the owner treats most of the patients, buyers pay less because that revenue is harder to keep. A handoff plan before you sell can change the number.
Your number depends on your clinic. A free valuation looks at your therapists, referral sources, payer mix and caseload, and gives you a realistic range before you talk to any buyer.
Get Your Free PT Practice ValuationThe buyer pool
Who buys physical therapy practices?
Physical therapy practices are bought by private equity-backed PT platforms, regional PT groups, health systems and orthopedic groups, management services organizations (MSOs), and individual therapists who want to own a clinic.
PT platforms
Private equity-backed groups building regional or national PT networks, often with a role for you after closing.
Regional PT groups
Established multi-clinic practices adding locations, therapists and referral relationships.
Health systems and orthopedics
Hospitals and orthopedic groups bringing therapy in-house for their own patients.
Individual therapists
Therapists ready to own a clinic, often the best fit for a smaller single-location practice.
Private equity
Should I sell my physical therapy practice to private equity?
It depends on your size and goals: private equity platforms often pay the most for multi-site clinics with a strong therapist bench, but usually pay part of the price in rollover equity and ask you to stay on; a regional group or another therapist may offer a simpler exit.
- They pay for scalePT platforms are active buyers and can pay well for multi-site clinics with a strong therapist bench.
- Expect structure, not just cashDeals often roll part of the price into the buyer's equity and ask you to stay on for a period.
- It is not your only optionA regional group or another therapist may offer a simpler exit. We compare every path for you.
Questions
Selling a physical therapy practice: common questions
How do I sell my physical therapy practice?
Get a confidential valuation, organize your therapist, referral, payer and visit data, plan how your caseload, Medicare enrollment and payer contracts move to the new owner, market the clinic to qualified buyers under NDA, compare letters of intent, then manage diligence through closing.
How long does it take to sell a physical therapy practice?
Most sales take 4 to 9 months from the first valuation to closing, sometimes less and sometimes more, depending on preparation, the buyer and any lender or payer approvals.
How is a physical therapy practice valued?
Owner-operated single clinics are usually priced on seller's discretionary earnings, and larger or multi-site clinics on a multiple of adjusted EBITDA. Clinics where the owner treats most patients sell for less unless there is a handoff plan. A free valuation gives you a range for your clinic.
What happens to my referral sources after the sale?
Buyers want to see referrals coming from many physicians, not one relationship that depends on you, and a planned introduction period helps those referrals carry over to the new owner.
How much does a physical therapy practice broker cost?
Medical Exit Group works on commission only, so we are paid when your clinic sells.
Do I need to keep treating patients after I sell?
Not always. Private equity and health system buyers often ask the owner to stay on for a period under an employment agreement, while another therapist buying a single clinic may only need a transition period to introduce patients and referral sources.
Will my therapists and patients find out?
Not unless you decide they should. Buyers sign an NDA before learning your clinic's name, and most owners tell key staff only once a deal is close.
Free and confidential
Find out what your PT practice could sell for
A free physical therapy practice valuation, with no obligation to sell. Nothing is shared with anyone.
Request a Free PT Practice Valuation