What did U.S. Physical Therapy, Inc. pay for Two Clinics?

U.S. Physical Therapy, Inc. acquired Two Clinics for $19.9M in 2023, equivalent to 2.80x revenue. Target revenue was approximately $7.2M.

What does Two Clinics do?

Two Clinics is a physical therapy business.

What multiple did U.S. Physical Therapy, Inc. pay for Two Clinics?

2.80x revenue, based on disclosed deal value of $19.9M and disclosed financials.

M&A TRANSACTION · 2023

Two Clinics acquired by U.S. Physical Therapy, Inc.

$19.9M· 2.80x revenue

Target

Two Clinics

Acquirer

U.S. Physical Therapy, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$7.2M

EBITDA

—

Deal Value

$19.9M

EV/EBITDA

—

Context

This $19.9M acquisition of Two Clinics by U.S. Physical Therapy, Inc. sits in the physical therapy sub-vertical. U.S. Physical Therapy, Inc. 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 releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Two Clinics acquired by U.S. Physical Therapy, Inc.. https://exitvalue.ai/deals/two-clinics-acquired-by-us-physical-therapy-inc-hc-2023-0040