How active is Individual / Owner-Operator in physical therapy practice acquisitions?

13 disclosed individual / owner-operator acquisitions of physical therapy practice businesses analyzed (5 from 2018+). Run the ExitValue.ai calculator to see what this buyer pool would pay for your specific business.

Who are the most active individual / owner-operator buyers of physical therapy practice businesses?

Top recent acquirers by deal count: Global Medical REIT LP (3 deals), U.S. Physical Therapy, Inc. (1 deals), Fortress Value Acquisition Corp. II (1 deals), Fortress Value Acquisition Corp. II (SPAC) (1 deals), NeuPath Health Inc. (1 deals), Gryphon Investors (1 deals).

BUYER POOL ANALYSIS

Selling a physical therapy practice to Individual / Owner-Operator buyers

Owner-operators, SBA-financed independent buyers, and smaller management buyouts. Pricing reflects what an individual can finance (typically 10-25% down + SBA 7(a)) and operate hands-on. Below typical PE engagement size.

Quick answers

How many disclosed transactions?: 13 deals total (5 from 2018+), filtered to Individual / Owner-Operator acquirers of physical therapy practice businesses.
Most active buyers: Global Medical REIT LP (3) · U.S. Physical Therapy, Inc. (1) · Fortress Value Acquisition Corp. II (1) · Fortress Value Acquisition Corp. II (SPAC) (1) · NeuPath Health Inc. (1) · Gryphon Investors (1)
What would this buyer pool pay for my business?: Run the ExitValue.ai calculator to see your physical therapy practice priced against the 13 disclosed individual / owner-operator transactions in this segment. The engine surfaces the specific multiples that apply to your size, margin, and growth profile.

Recent disclosed deals

Individual / Owner-Operator acquisitions of physical therapy practice businesses with named target and named acquirer.

Year	Target	Acquirer
2025	Three-Clinic Practice	U.S. Physical Therapy, Inc.
2021	ATI Physical Therapy	Fortress Value Acquisition Corp. II
2021	ATI Physical Therapy (SPAC Merger)	Fortress Value Acquisition Corp. II (SPAC)
2021	HealthPointe Medical Centres Ltd.	NeuPath Health Inc.
2020	Physical Rehabilitation Network	Gryphon Investors
2016	HealthSouth East Valley Rehabilitation Hospital, LLC	Global Medical REIT LP

What this buyer pool prices for

Individual buyers - owner-operators, SBA-financed independents, smaller management buyouts - price for what they can finance (typically 10-25% down with SBA 7(a) loans up to $5M deal value) and operate hands-on. Pricing is below PE / strategic because the buyer is taking the owner-operator role, not stepping in as institutional capital. Owner-dependency and seasonality matter more here than to a PE buyer.

Methodology note

Deal flow shown reflects disclosed M&A transactions in the ExitValue.ai database, filtered to physical therapy practice businesses acquired by individual / owner-operator buyers. Deal counts shown reflect deals with disclosed financials only - total transaction count for this buyer pool is typically 2-3x larger. The valuation engine reveals the specific multiples that apply to your business when you run the calculator above. Full methodology

What's your physical therapy practice worth to individual / owner-operator?

12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.

✓Sellability score with 5-driver breakdown and lift estimates
✓Named comparable M&A transactions in your sub-vertical
✓AI-written analysis grounded in your specific inputs

Run my valuation analysis →

Engine-grounded estimate. Comparable individual / owner-operator deals on the full results page.