Industries
Healthcare sectors we value
HPNA provides independent business valuations across the healthcare sector in Australia, from general and specialist medical practices and pharmacies to NDIS providers, allied health practices, veterinary practices and aged care and community care businesses. Each sector page explains how businesses of that type are valued, the earnings adjustments and risks that matter, and the information a valuation requires.
Fixed fee, published. Every fee is on the website, set by revenue band and agreed before work starts. It never depends on the conclusion, and HPNA takes no commission from any party. See the fee schedule.
Choose your sector
Every page below is written for that sector, covering what drives value, what reduces it and how HPNA approaches the valuation.
- Medical Practices
Medical Practices
Independent valuations for general practices, specialist clinics, multidisciplinary medical centres and other privately owned medical businesses.
- General practices
- Specialist medical practices
- Medical centres and service entities
- Multidisciplinary medical clinics
- Pharmacies
Pharmacies
Independent valuations of community pharmacies and pharmacy groups that account for the section 90 approval, the Pharmacy Location Rules, 8CPA remuneration, script mix, margins, professional services and state ownership limits.
- Community pharmacies
- Pharmacy groups
- Shopping centre pharmacies
- Discount pharmacies
- Dental Practices
Dental Practices
Independent valuations of general and specialist dental practices and dental groups, including an assessment of principal dentist dependence, the active patient base, health fund network exposure, equipment renewal and transferable goodwill.
- General dental practices
- Specialist dental practices
- Orthodontic practices
- Multi-chair dental clinics
- NDIS Providers
NDIS Providers
Independent valuations of registered and unregistered NDIS providers, informed by participant concentration, support mix, price limits, workforce structure, Commission compliance and the transferability of registration and goodwill.
- Supported independent living (SIL) providers
- Specialist disability accommodation (SDA) owners
- Daily living and community participation providers
- Support coordination businesses
- Allied Health
Allied Health
Independent valuations of multidisciplinary and single-discipline allied health practices, from physiotherapy and psychology to occupational therapy and speech pathology.
- Multidisciplinary allied health practices
- Physiotherapy practices
- Chiropractic and osteopathy practices
- Psychology practices
- Physiotherapy Practices
Physiotherapy Practices
Independent valuations of physiotherapy practices that account for scheme pricing, clinician approvals, contractor splits, utilisation and how much of the caseload transfers with the business.
- Private musculoskeletal and sports physiotherapy clinics
- Multi-site physiotherapy groups
- NDIS and paediatric physiotherapy providers
- Workers compensation and CTP focused clinics
- Chiropractic Practices
Chiropractic Practices
Independent valuations of chiropractic practices that account for practitioner dependence, prepaid care-plan revenue, private-pay and extras funding, and the transferability of patient goodwill.
- Single-chiropractor practices
- Multi-practitioner clinics
- Family-owned practices
- Multidisciplinary chiropractic clinics
- Psychology Practices
Psychology Practices
Independent valuations of psychology practices that test Better Access, NDIS, DVA, workers compensation and contract exposure, contractor splits, referral flow and how much goodwill would transfer to a buyer.
- Sole practitioner psychology practices
- Group psychology practices
- Clinical psychology practices
- Child, family and school psychology practices
- Occupational Therapy Practices
Occupational Therapy Practices
Independent valuations of occupational therapy practices, weighing NDIS funding and travel, participant and referrer concentration, registration status, therapist dependence and the transferability of goodwill.
- NDIS occupational therapy providers
- Paediatric and early childhood practices
- Mobile and community-based services
- Hand therapy and driver assessment services
- Speech Pathology Practices
Speech Pathology Practices
Independent valuations of speech pathology practices, from NDIS-funded paediatric caseloads to adult dysphagia contract work. We test how much of the earnings follow the treating clinician and how capped NDIS prices set the margin.
- Paediatric and early childhood practices
- NDIS-focused therapy practices
- Mobile and community practices
- Adult and aged care dysphagia practices
- Veterinary Practices
Veterinary Practices
Independent valuations of small animal, mixed, equine and referral veterinary practices, covering private-pay demand, principal dependence, the veterinarian shortage, equipment, stock, premises and the state rules on veterinary premises licensing and ownership.
- Small animal practices
- Mixed and large animal practices
- Equine practices
- Emergency and referral hospitals
- Aged Care and Community Care
Aged Care and Community Care
Independent valuations of residential aged care homes, Support at Home providers, Commonwealth Home Support Program services and community care businesses, built around Aged Care Act 2024 registration, AN-ACC funding, refundable deposits and care minutes.
- Residential aged care homes
- Support at Home providers
- Commonwealth Home Support Program providers
- Community nursing and home care services
The short answer
What is my practice worth?
The sector pages above are the full treatment. If you want the direct answer first, these pages give it in the opening sentence, name the two or three things that move the number most in that sector, and set out what would push it up and what would push it down. No multiples are published on any of them, and the reason why is on the page.
Why the sector matters
Healthcare businesses require specialist valuation expertise.
The value of a healthcare business is influenced by more than its historical profit. Practitioner dependence, patient and referral concentration, funding arrangements, workforce structure, compliance obligations and the transferability of goodwill can all materially affect value.
HPNA examines the factors that matter within your particular healthcare sector.
Generic industry assumptions can misstate value in either direction. Practitioner dependence, provider numbers and registrations, government and third-party funding, participant and referral concentration, pharmacy approvals and location rules, clinical workforce availability, contractor arrangements, premises and compliance obligations all affect what a buyer, court, shareholder or the Australian Taxation Office would accept as a defensible conclusion.
Healthcare specialisation
We focus on the operational and commercial factors that influence value across healthcare businesses.
Independent analysis
Our conclusions are reached independently and supported by the available financial, operational and market evidence.
Defensible methodology
We apply recognised valuation approaches appropriate to the business, purpose and information available.
Clear communication
We explain the valuation, assumptions and key value drivers in language that owners and their advisers can understand.
Make your next decision with a clear understanding of value.
Tell us about your healthcare business and the purpose of the valuation. We will confirm the appropriate scope, information requirements, timeframe and the fee band that applies.