ACQUIRED · 2023
Who Acquired Two Clinics?
U.S. Physical Therapy, Inc. · $19.9M
The acquisition
Two Clinics was acquired by U.S. Physical Therapy, Inc. in 2023 for $19.9M. at 2.80× revenue.
Two Clinics at time of acquisition
Revenue
$7.2M
Deal value
$19.9M
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
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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- How to value a physical therapy· long-form guide
Sourced from Press releases. Full deal page.
Citation: ExitValue.ai. (2023). Two Clinics acquired by U.S. Physical Therapy, Inc.. https://exitvalue.ai/acquired/two-clinics