VRC is proud to release its latest Industry Report. The report provides a concise, insightful update on the Health Practices industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Read the full report: Health Practices: October 2019
October 2019 Industry Highlights
- On October 1, 2019, U.S. Physical Therapy, Inc. acquired a 67% stake in an eleven-clinic physical therapy practice for approximately $12.3 million.
- On March 18, 2019, The Joint Corp. (JYNT) acquired a franchised clinic located in West Covina, for $26.15 million. This is the largest transaction of 2019 for JYNT and continues the trend of heavy buying throughout 2019 after a quiet 2018.
- 2019 has been a very active year for The Ensign Group with 15 transactions closing through September. This aligns with their strategy to purchase or lease operations complementary to their current affiliated operations, accretive to the business or otherwise advance the company’s strategy. Through June 30, 2019, Ensign through long-term leases and real estate purchases added seven stand-alone skilled nursing operations, one stand-alone senior living operation, three campus operations, two home health agencies, four hospice agencies and two home care agencies.
- Read the full October 2019 Health Practices industry report.