M&A TRANSACTION · 2025
Spine & Sport Physical Therapy acquired by Physical Rehabilitation Network
$110.0M· 12.9x EBITDA
Target
Spine & Sport Physical Therapy
Acquirer
Physical Rehabilitation Network
Strategic buyer
Disclosed financials at time of acquisition
Revenue
—
EBITDA
$8.5M
Deal Value
$110.0M
EV/EBITDA
12.9x
Context
This $110.0M acquisition of Spine & Sport Physical Therapy by Physical Rehabilitation Network sits in the physical therapy sub-vertical. The 12.9x EBITDA multiple paid in 2025 can be compared against the population median for physical therapy transactions of similar size on our Physical Therapy valuation hub. Physical Rehabilitation Network is acquiring as a strategic buyer; see how strategic acquirers typically price physical therapy businesses on our Physical Therapy strategic buyer-pool page.
Source
Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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