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Medical Practice Primary Care Valuation Multiples (2026)
EBITDA & revenue sale multiples, deal flow, and active acquirers - based on 113real disclosed M&A transactions in the medical practice primary care space. Run the calculator below to price your business at current multiples.
What multiple does a medical primary care sell for?
In the Under $5M EV range, a medical primary care sold at a median of 3.6x EBITDA (middle 50% of deals 3.4x-4.6x) across 11disclosed M&A transactions, 2018-2026, from SEC EDGAR filings and verified press releases. That is the population midpoint — your specific number depends on margins, growth, customer concentration, and owner-dependence.
Updated 2026-07-09 · 11 disclosed deals · source window 2018-2026
| Size bracket | Median EV/EBITDA | Typical range (IQR) | n |
|---|---|---|---|
| Under $5M EV | 3.6x | 3.4x-4.6x | 11 |
Aggregate population median for the size bracket - disclosed transactions only (SEC EDGAR + verified press releases), 2018-2026, n≥10 per cell. A precise figure for your business depends on margins, growth, customer concentration, and owner-dependence. See the full Under $5M EV breakdown →
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State of Medical Primary CareM&A in 2026
The medical practice primary care M&A market is tracked across 113 disclosed transactions in the ExitValue.ai database (59 with EBITDA disclosed, 102 with revenue). The current market trend is consolidating.
Active acquirers include MUSC, United Physician Care, Canopy Growth Corporation, Privia Health Group, Inc.. Recent named transactions: Palmetto Primary Care Physicians (2026); Woofter Family Medicine (2026); MTL Cannabis Corp. (2025).
Premium valuations in medical primary care are driven by capitated / value-based revenue mix (villagemd, optum, privia pay premium for predictable pmpm); medicare advantage attributed-lives panel size 2,000+ (every life is buyable); multi-physician partnership with non-owner associates (transferability + roll-up candidate).
What compresses valuations: 100% fee-for-service medicare (commodity book in a value-based-shift market); solo physician dependency (private buyer only, multiple compresses 40%+); aging panel demographics with no acquisition strategy (negative selection priced in).
Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.
Recent named M&A deals in medical primary care
Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).
Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.
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What drives a premium valuation
- ●Capitated / value-based revenue mix (VillageMD, Optum, Privia pay premium for predictable PMPM)
- ●Medicare Advantage attributed-lives panel size 2,000+ (every life is buyable)
- ●Multi-physician partnership with non-owner associates (transferability + roll-up candidate)
What compresses valuation
- ●100% fee-for-service Medicare (commodity book in a value-based-shift market)
- ●Solo physician dependency (private buyer only, multiple compresses 40%+)
- ●Aging panel demographics with no acquisition strategy (negative selection priced in)
Medical Primary Care valuation: common questions
What multiple does a medical primary care sell for?
In the Under $5M EV range, a medical primary care sold at a median of 3.6x EBITDA (middle 50% of deals 3.4x-4.6x) across 11 disclosed M&A transactions filed 2018-2026 (SEC EDGAR + verified press releases). That is the aggregate population midpoint for the size bracket; a precise figure for your specific business depends on margins, growth, customer concentration, and owner-dependence — run the ExitValue.ai medical primary care calculator for that.
How is a medical primary care business valued?
Medical Practice Primary Care businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.
What drives medical practice primary care valuation?
The biggest value levers in medical practice primary care are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for capitated / value-based revenue mix (villagemd, optum, privia pay premium for predictable pmpm); medicare advantage attributed-lives panel size 2,000+ (every life is buyable); multi-physician partnership with non-owner associates (transferability + roll-up candidate).
How many medical practice primary care M&A deals are tracked?
ExitValue.ai tracks 113 disclosed medical practice primary care M&A transactions, 59 with EBITDA disclosed, 102 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: consolidating.
Who buys medical practice primary care businesses?
Medical Practice Primary Care businesses are acquired by strategic acquirers (larger operators in the same space), and private-equity platforms and roll-up consolidators, and unknown. Recent named acquirers include MUSC, United Physician Care, Canopy Growth Corporation, Privia Health Group, Inc..
What is my medical primary care business worth?
Run the ExitValue.ai medical primary care calculator to see your business priced against the 113 disclosed medical practice primary care transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.
More on medical practice primary care valuations
- Value a medical practice primary care· run the calculator
- Who buys medical practice primary care businesses?· active buyers
- Recent deal: Palmetto Primary Care Physicians· comparable transaction
- Who acquired Palmetto Primary Care Physicians?· buyer profile
- How to value a medical practice primary care· long-form guide
Methodology details: how ExitValue computes valuation ranges · full medical primary care calculator