Professional Consultant

Orthopedics Practices

Sell Your Orthopedic Practice to a Buyer Who Gets the Model

Orthopedic practices combine surgical care with high-value ancillary revenue — imaging, physical therapy, and often an ambulatory surgery center — that most buyers don’t fully understand. We help you get a valuation that reflects that complexity, and find the right buyer.

Market Snapshot

Orthopedics Sits at the Center of the Consolidation Wave

Orthopedic practice sales don’t follow the same playbook as other specialties. A few things make this market distinct.

ASC Ownership Is the Biggest Value Driver

Practices that own or co-own an ambulatory surgery center generate facility-fee revenue on top of professional fees, and buyers pay a premium for that ownership stake.

Outpatient Joint Replacement Is Accelerating

CMS’s shift of major joint procedures to outpatient and ASC settings has opened a large new revenue opportunity, and buyers want practices positioned to capture it.

Ortho Is One of PE's Most Active Targets

Alongside dermatology and ophthalmology, orthopedics has seen some of the heaviest private equity consolidation activity in medicine, creating strong competitive interest in well-run practices.

Valuation

Three Things That Move Orthopedic Practice Value

ASC & Facility Ownership

Ownership stakes in an ambulatory surgery center add facility-fee revenue that’s structurally different — and often more valuable — than professional fee revenue alone.

Ancillary Services (Imaging, PT, DME)

In-house imaging, physical therapy, and durable medical equipment dispensing create additional revenue streams buyers weigh alongside surgical volume.

Subspecialty & Case Mix

Joint replacement, spine, sports medicine, and hand/foot & ankle each carry different reimbursement and referral profiles, shaping how buyers value and can scale a practice.

Buyer Landscape

Understanding Your Buyer Pool

Because surgical volume and ASC economics carry real weight in orthopedics, we help you understand not just what each buyer will pay, but how they tend to run a practice — and its facility operations — after close.
Buyer Type What They're Looking For
Private equity–backed orthopedic platforms Multi-site groups with ASC ownership, strong ancillary revenue, and room to standardize operations across locations.
Health systems & hospitals Practices that strengthen surgical service lines and referral networks within their existing footprint.
Individual orthopedic surgeons Solo or small practices, often prioritizing patient continuity and clinical culture as much as price.

Our Process

How We Approach an Orthopedic Practice Sale

01

Confidential Consultation

Understanding your case mix, ancillary services, and what continuity means to you.

02

Specialty Valuation

Accounting for ASC ownership, ancillary revenue, and subspecialty mix.

03

Confidential Marketing

Preparing a confidential executive summary and readying your practice for the market.

04

Buyer Vetting & Offers

Introducing vetted buyers and evaluating how each plans to support your patients and surgical team.

05

Negotiation & Diligence

Navigating diligence, including ASC ownership structure, imaging/DME licensure, and payer contracts.

06

The Handoff

A transition plan built to keep patients, physicians, and referral sources intact.

Proof

Our Track Record

85%

of engagements reach close

80+

combined years of healthcare-specific brokerage experience

95%

of clients land within 10% of expected valuation

FAQ

Common Questions

In most transitions, yes — buyers acquiring an orthopedic practice are typically buying the surgical team along with the patient base, since continuity of surgical relationships matters to patients and referring physicians alike. We prioritize buyers who plan to retain your surgeons, and we build retention terms into the deal structure wherever possible.
An ownership stake in an ambulatory surgery center is one of the strongest value drivers in orthopedics, since it adds facility-fee revenue that's structurally separate from — and often larger than — professional fee revenue. We help you document your ASC economics clearly so buyers price the ownership stake as its own distinct asset.
It can work in your favor — practices already set up to perform joint replacements in an outpatient or ASC setting are well positioned to capture a growing share of this procedure volume as CMS policy continues to shift. We help you present your outpatient surgical capacity and case mix clearly, so buyers price the practice on where this trend is heading, not just where it stands today.

Yes, though owner-dependent practices are typically valued differently than those with multiple trained providers. Bringing on additional injectors before a sale can meaningfully increase what buyers are willing to pay.

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