ACQUIRED · 2024
Who Acquired Metro Physical & Aquatic Therapy (Metro MSO)?
U.S. Physical Therapy (USPH) · $76.5M· 12.8× EBITDA
The acquisition
Metro Physical & Aquatic Therapy (Metro MSO) (Long Island, NY) was acquired by U.S. Physical Therapy (USPH) in 2024 for $76.5M. Management services organization providing management and administrative services to 50 physical therapy clinics in Long Island, NY. The deal was priced at 12.8× EBITDA / 2.40× revenue.
Metro Physical & Aquatic Therapy (Metro MSO) at time of acquisition
Revenue
$64.0M
EBITDA
$12.0M
Deal value
$76.5M
EV / EBITDA
12.8×
Other acquisitions by U.S. Physical Therapy (USPH)
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- Four-Clinic Physical Therapy Practice · 2020 · $12.2M
- Three-Clinic Physical Therapy Practice · 2020 · $9.1M
- Eleven-Clinic Physical Therapy Practice · 2019 · $12.3M
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
Three fields, instant range, backed by 25,592 real M&A transactions including this one.
Open the physical therapy calculator →More on physical therapy valuations
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- Physical Therapy valuation calculator· head-term variant
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- How to value a physical therapy· long-form guide
Sourced from USPH Press Release / Livingstone. Primary source. Full deal page.
Citation: ExitValue.ai. (2024). Metro Physical & Aquatic Therapy (Metro MSO) acquired by U.S. Physical Therapy (USPH). https://exitvalue.ai/acquired/metro-physical-aquatic-therapy-metro-mso