What did U.S. Physical Therapy, Inc. pay for Metro MSO / Metro Physical Therapy?

$153.0M, equivalent to 12.8× EBITDA / 2.40× revenue. Target revenue was approximately $64.0M. Target EBITDA was approximately $12.0M.

ACQUIRED · 2024

Who Acquired Metro MSO / Metro Physical Therapy?

U.S. Physical Therapy, Inc. · $153.0M· 12.8× EBITDA

The acquisition

Metro MSO / Metro Physical Therapy was acquired by U.S. Physical Therapy, Inc. in 2024 for $153.0M. The deal was priced at 12.8× EBITDA / 2.40× revenue.

Metro MSO / Metro Physical Therapy at time of acquisition

Revenue

$64.0M

EBITDA

$12.0M

Deal value

$153.0M

EV / EBITDA

12.8×

Other acquisitions by U.S. Physical Therapy, Inc.

Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.

Industrial Injury Prevention Company · 2026 · $21.6M
Outpatient Home Care Physical and Speech Therapy Practice · 2025 · $2.9M
Three-Clinic Practice · 2025 · $13.2M
Three-Clinic Practice · 2025 · $7.6M

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

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