ACQUIRED · 2019
Who Acquired Confluent Health?
Partners Group · $621.6M· 15.0× EBITDA
The acquisition
Confluent Health was acquired by Partners Group in 2019 for $621.6M. The deal was priced at 15.0× EBITDA / 3.10× revenue.
Confluent Health at time of acquisition
Revenue
$198.0M
EBITDA
$41.4M
Deal value
$621.6M
EV / EBITDA
15.0×
Other acquisitions by Partners Group
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- Forefront Dermatology · 2022 · $1.50B · 15.2× EBITDA
- Axia Women's Health · 2021 · $790.0M · 19.8× EBITDA
- Wedgewood Pharmacy · 2021 · $700.0M · 16.5× EBITDA
- Blue River PetCare · 2019 · $470.0M · 16.8× EBITDA
Similar physical therapy acquisitions
- Industrial Injury Prevention Company · acquired by U.S. Physical Therapy, Inc. in 2026 · $21.6M
- ATI Physical Therapy · acquired by Knighthead Capital Management / Marathon Asset Management Consortium in 2025 · $522.2M
- ATI Physical Therapy, Inc. · acquired by Knighthead Capital Management and Marathon Asset Management in 2025 · $523.2M
- Outpatient Home Care Physical and Speech Therapy Practice · acquired by U.S. Physical Therapy, Inc. in 2025 · $2.9M
- Physical Therapy Practice · acquired by Grant Memorial Hospital in 2025 · $0.5M
Run a valuation for a similar physical therapy business
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Sourced from Bond rating releases and press reporting. Full deal page.
Citation: ExitValue.ai. (2019). Confluent Health acquired by Partners Group. https://exitvalue.ai/acquired/confluent-health