Martin Healthcare Advisors · Article

The Preparation Gap Is Real. Which Side Of It Are You On?

If you've been following the PT Rehab M&A Market, you may have gotten the impression that the market has slowed down. But I've got to tell you, as someone who works in this market every single day, the market hasn't slowed down, it's just gotten more selective.

Buyers are still quite active. Add-on acquisitions are happening across the country right now, as you read this. But the spread between what a prepared practice can expect at market, and what an unprepared one gets has never been wider.

We're not talking about a 10% or 20% difference. The gap can be double or triple the multiple. In some cases, there's no deal at all.

The practices that win in this environment aren't waiting for perfect conditions. They're reducing owner dependency, cleaning up their financials, diversifying their payer mix, and telling a story that makes acquirers want to be part of their future.

The preparation gap is real. Which side of it are you on?

From the archive of The NEXTLEVEL Owner Podcast, Paul Martin's weekly show for physical therapy practice owners. Newer episodes are on YouTube, Spotify and Apple Podcasts.

Want to talk about your own business?

Book a confidential call What is my practice worth?
Martin Healthcare Advisors
Creating value today for a profitable tomorrow.
Explore
Grow Exit About MHA Learning center NEXTLEVEL Owner Podcast Results FAQ
Take a step
Value my practice Take the readiness survey Free E-Book I'm an acquirer
Contact
Advising PT business owners nationwide. Where we work
Headquarters: 10,000 Lincoln Drive E, Suite 201
Marlton, NJ 08053
856-914-1440
Book a call
Mailing list
Get the latest insights for PT business owners in your inbox.
By subscribing you agree to our privacy policy.
© 2026 Martin Healthcare Advisors. All rights reserved. · Privacy policy