2026 Edition · Owner's Guide Series

The Middle-Market Healthcare Practice Owner's Valuation Guide

What your practice is worth, what moves the number, and how to capture it when you sell. Written for owners of practices with $1M–$10M+ in EBITDA.

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2026 Edition Valuation Guide cover preview

What's Inside

22 pages of institutional-grade market intelligence, written for practice owners who are 3–24 months from a possible sale.

Why Now — The 2026 Market

Middle-market healthcare M&A hit $191B in 2025, but deal counts are down 30% year-over-year. What that means for your timing.

How Buyers Actually Value Your Practice

Adjusted EBITDA, add-backs, and the illustrative bridge from reported profit to the multiple that lands in your LOI.

The Six Drivers That Move Your Multiple

What separates a 6.5x deal from a 10.0x deal on the same EBITDA — a $10.5M swing on a $3M EBITDA practice.

Typical Multiple Ranges by Specialty

Observed 2024–2026 ranges across 11 specialties. Plus the "size premium" from add-on to platform pricing.

The Sell-Side Process, Phase by Phase

Six-to-nine-month timeline broken into four phases, plus the five deal structure terms that matter as much as price.

Eight Common Mistakes That Cost Millions

Every mistake with a dollar cost attached — and how to avoid each one before it becomes an issue at the LOI stage.

When to Engage an Advisor vs. Sell Directly

An honest framework for deciding when representation matters, and when it doesn’t.

Sale-Readiness Checklist

A single-page checklist covering what to do at 24 months, 12 months, and 6 months before a sale. Share with your partners.

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