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Ophthalmology practices represent one of the most active segments in physician practice M&A, driven by favorable demographics, strong procedural revenue, and ancillary service opportunities that generate stable cash flows. Practices range from small general ophthalmology offices focused on medical eye care and routine vision services to large surgical platforms performing high volumes of cataract surgery, refractive procedures, and retinal treatments, often with in-office ASC

Understanding the value of a practice is essential when planning for growth, partnership, or long-term succession. Cardiology practices range from independent general and interventional groups to fully integrated cardiovascular centers with advanced imaging and procedural services, each carrying distinct financial and operational considerations. This guide outlines the primary valuation methods used in 2026, including earnings-based and market-based approaches, while explaini

Valuing an otolaryngology practice requires a sophisticated understanding of the clinical service mix, physician economics, and market forces shaping today’s specialty care environment. This guide outlines the primary valuation approaches and examines how they apply across ear, nose, and throat (ENT) practice models of varying scale and complexity. The specializations within a practice often changes the value drivers and risk considerations (i.e. general otolaryngology, incor

The med spa and aesthetic medicine industry is rapidly expanding, fueled by rising consumer demand for non-invasive cosmetic procedures and a growing emphasis on wellness and self-care. This highly fragmented market has attracted increasing interest from private equity firms and strategic consolidators seeking to build scalable, branded platforms. M&A activity is driven by factors such as provider reputation, treatment mix, recurring revenue models, and geographic footprint,

Gastroenterology continues to be an attractive specialty for M&A activity, driven by the procedural and somewhat recurring nature of endoscopy. Private equity firms and strategic buyers are actively consolidating the space, targeting practices with multiple providers, ancillary revenue streams, and scalable operations. As competition increases, well-managed GI groups with diversified services and payer stability are commanding premium valuations in today’s market, while smal

Valuations of behavioral health businesses are shaped by a combination of strong secular demand and payer-driven economics. Demand for mental health , substance use disorder (SUD) , intellectual disabilities and disorders (IDD) , and autism services have increased materially over the past decade, supported by greater awareness, parity legislation, and demographic trends. These tailwinds have historically supported above-average valuation multiples relative to other healthcar

The occupational medicine industry has seen steady M&A interest due to its recurring employer-driven revenue, low reliance on third-party payers, and strong alignment with workforce health and safety trends. Strategic buyers and private equity-backed platforms are targeting clinics with strong employer relationships, ancillary services like physical therapy and drug testing, and opportunities for geographic expansion. Practices with diversified service lines, scalable operati

Valuing mental healthcare providers requires a thorough understanding of the diverse care settings and service models within this growing sector. Providers may include outpatient clinics   delivering therapy and medication management, inpatient and residential programs for acute or long-term care, partial hospitalization and intensive outpatient programs (PHP/IOP), telehealth services offering remote therapy, and community-based or school-linked programs. Each type differs in

Valuations of physician practices are driven by a combination of reimbursement dynamics, physician supply constraints, and the increasing role of scale in navigating a complex operating environment. Demand for physician services remains durable, supported by population growth and aging demographics, but revenue stability is closely tied to payer mix and specialty exposure. Practices geared toward value-based care, or with a higher proportion of commercial reimbursement, or ex

Valuing autism service providers requires a clear understanding of the broad range of service models that exist within this dynamic sector and how they generate sustainable cash flows. Providers may operate center‑based clinics that deliver structured Applied Behavior Analysis (ABA) and related therapies, in‑home and community‑based services that support individuals in natural environments, school‑based programs integrated with educational services offering long‑term support

The home health sector is one of the largest areas of post-acute healthcare, with volume growth driven by both demographic pressures and patient preference for care in the home. Services range from skilled nursing and therapy delivered under a physician’s order (medical home health) to non-medical assistance with activities of daily living such as bathing, dressing, and meal preparation (personal care). While both segments share common growth drivers, their operating models,

Valuing intellectual and developmental disability (IDD) service providers requires a nuanced understanding of the diverse care settings and reimbursement environments that define this segment of the healthcare and social services sector. IDD services encompass a wide array of models, including residential and group homes that offer 24‑hour support, adult day programs focused on habilitation and community engagement, adult foster care and shared‑living arrangements, as well as

The hospice industry plays a critical role in the U.S. healthcare system, providing compassionate, end-of-life care to patients with terminal illnesses. Hospice services include pain management, symptom relief, counseling, and support for both patients and their families. The industry is heavily regulated and deeply influenced by reimbursement policy, but it continues to be a highly active sector for M&A, driven by demographic tailwinds and the ongoing aging of the U.S. popul

The ambulatory surgery center (ASC) industry has experienced steady growth driven by the shift of procedures from inpatient hospitals to lower-cost outpatient settings, supported by advancements in minimally invasive surgical techniques and favorable reimbursement trends. In the M&A landscape, ASCs are highly attractive to private equity firms and strategic healthcare buyers due to their scalable business models, high margins, and potential for consolidating fragmented market

The diagnostic imaging center industry is a critical component of the healthcare sector, providing essential services for the detection, diagnosis, and monitoring of various medical conditions. These facilities utilize advanced imaging technologies such as X-rays, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, and Positron Emission Tomography (PET) to produce detailed images of the body’s internal structures. M&A activity in this sector has remained s

The dermatology industry has been a hotbed of M&A activity for a decade now, driven by strong cash flow, predictable patient demand, and a balanced mix of medical and elective services. Private equity firms and strategic buyers are actively consolidating the space, targeting practices with multiple providers, ancillary revenue streams, and scalable operations. As competition increases, well-managed dermatology groups with diversified services and payer stability are commandin

The infusion therapy industry is experiencing strong growth due to increasing demand for specialty biologics, chronic disease management, and a continued shift toward lower-cost outpatient and home-based care settings. M&A activity has accelerated as private equity firms and strategic buyers seek scalable platforms with specialty pharmacy integration, in-network payer contracts, and strong referral pipelines. Valuations tend to be highest for providers offering a broad therap

The addiction treatment industry is a vital and rapidly evolving segment of the behavioral healthcare market, focused on the diagnosis and treatment of substance use disorders (SUDs), including alcohol, opioids, stimulants, and other drugs. Services range from detoxification and inpatient rehabilitation to outpatient therapy and medication-assisted treatment (MAT). M&A activity in the sector is driven by private equity interest in scalable treatment platforms, especially thos

Urgent Care Centers (UCCs) stand out from other healthcare service providers for their low cost, convenience, and alignment with emerging population health strategies. Valuing an urgent care center requires more than just applying a standard EBITDA multiple—it involves understanding the unique dynamics of walk-in care, including reimbursement trends, patient volumes, and provider staffing models. As the U.S. healthcare system continues to shift toward value-based care and pri

Primary care serves as the cornerstone of the healthcare system, providing essential, first-contact medical services to individuals and families across a wide range of demographics. The industry is undergoing rapid transformation, with strong M&A activity fueled by shifting payment models, value-based care initiatives, and the strategic importance of primary care in population health management. Private equity, health systems, and payers are actively acquiring or partnering w