$1.1M Outpatient Physical Therapy Practice, NorCal

CAPT2B - $1.1 Million Outpatient Physical Therapy Practice located in Northern California

Company Overview
Broker is pleased to introduce an outpatient physical therapy practice for sale in a Northern California metropolitan suburb. Established over 15 years ago, the practice was purchased in 2023 by new owners. The practice operates in a high-growth region with strong healthcare infrastructure, positioned within a well-known medical district near two major hospital systems. The clinic provides orthopedic rehabilitation, sports therapy, and senior-focused care, supporting post-surgical recovery, athletic performance, and mobility and balance needs for older adults.

Patients and Payer Mix
Clinical services currently support 406 active patients, averaging 88 new evaluations and approximately 1,000 monthly patient visits per month. The current insurance mix is Managed Medi-Cal (68%), Medicare (17%), commercial payers (14%), and cash pay (1%).

Financial Overview
Since being acquired in 2023, the business has undergone a successful turnaround. Gross revenues increased from approximately $279,000 in 2023 to $698,000 in 2024. For the trailing twelve-month period November 2024 – October 2025, Gross Revenue was $1,133,338 with an adjusted EBITDA of $235,924 (20.8%).

Staffing Overview and Exit Plan
The clinic is fully staffed with a Clinical Director, four Physical Therapists, and a licensed Physical Therapist Assistant, supported by front office personnel and therapy aides. Current ownership includes three partners, two of whom intend to exit, while one is open to remaining under new ownership if desired. All owners are committed to a smooth transition, and the existing team is expected to remain with the practice.

Asking Price
The practice is being offered at an asking price of $1 million, which does not include cash, receivables, or working capital.