Medical Practice / GP Practice — Business Valuation Multiple
EBITDA Valuation Guide · Small & Mid-Sized Businesses
Actual EBITDA multiples can vary materially based on EBITDA size, growth, recurring revenue, margins, customer concentration, owner dependence, geography and other company-specific factors.
Min
4×
Typical
6×
Max
9×
Revenue Model
Repeat
Capital Intensity
Medium
A typical multiple of 6× EBITDA reflects mid-market transactions in the $1–$50M revenue range.
Overview
Medical Practice / GP Practice businesses may trade across a broad 4×–9× EBITDA range, with a typical multiple around 6×. Valuations are driven by patient retention, provider depth, payer mix and recurring treatment demand. Businesses with stronger recurring revenue, diversified customers, transferable teams and lower owner dependence generally attract the upper end of the range. Key risks include physician dependence, reimbursement changes, regulation and clinician recruitment.
Key Value Drivers
- Patient retention
- Provider depth
- Payer mix and recurring treatment demand
- Transferable management and operating systems
Key Risks
- Physician dependence
- Reimbursement changes
- Regulation and clinician recruitment
- Economic and market volatility
Related Industries
Disclaimer: All multiples are indicative estimates only and are not formal valuations or investment advice. They should not be relied upon for financial decision-making without independent professional advice.