Your Group Practice

Ep30: Dan King on selling an outpatient therapy practice in 2026


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Selling an outpatient therapy practice in 2026 will look different from how it did during the post-pandemic acquisition frenzy, and practice owners who understand the shift will be positioned to win, even in a soft buyer’s market.

In this solo episode of Your Group Practice, Dan King breaks down what’s changed in the M&A landscape and why buyers are now far more selective after overpaying for underperforming assets in 2021–2022. Transactions are still happening, but the bar for “buyable” has moved.

Dan outlines three practical strategies that practice owners can use to increase marketability and attract serious buyers:

  1. Hit the profitability threshold buyers care about. Dan shares a rough baseline: practices in the $750K–$1M profit range are more likely to attract professional buyers. (He also notes that how owner compensation is treated can materially shape how buyers evaluate profitability.)
  2. Build a distinctive offering that stands out. Generic differentiation is not enough. Dan discusses examples of “investor-relevant” distinctiveness, such as unusually strong payer contracts, structured teaching programs with favorable margin dynamics, and higher-margin service lines like medication management, ketamine, or psychological testing.
  3. Understand local market dynamics. Some buyers have state-specific expansion theses. That can create a pathway to a transaction even for smaller practices—if your geography aligns with a buyer’s strategy.

If you’re thinking about selling—even if it’s not imminent—this episode will help you evaluate where you sit in today’s market and what to prioritize now to create options later.

Transform Your Group Practice

Actionable insights for practice owners and clinicians who want to lead, grow, or exit with purpose. This is the podcast shaping a stronger mental health system — one practice at a time.

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About the Host

Dan King is a lawyer turned private equity founder with a passion for fixing burnout in mental health. With a background in M&A, Shark Tank deals, and psychology, he now leads Fireside Strategic — investing in group practices that put people first.

  • LinkedIn: linkedin.com/in/danmking
  • Website: firesidestrategic.com



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Your Group PracticeBy VevaMedia