Straight answers on what your health business is worth.

A healthcare business valuation is an independent opinion of what a practice, pharmacy or provider is worth at a stated valuation date and for a stated purpose. It is usually prepared on a market value basis: the price a willing but not anxious buyer and seller would agree, both informed and neither forced to act. That meaning comes from Spencer v Commonwealth [1907] HCA 82 and is the one the Australian Taxation Office applies for tax purposes. Value in that sense is not a forecast of the price one particular buyer would pay. An independent business valuation records the earnings, method, evidence and assumptions, so the conclusion can be tested.

An independent business valuer, a business broker or an accountant can each put a figure on a healthcare business, and they produce different documents. A broker's appraisal estimates a likely sale price and is normally prepared by the broker who hopes to sell the business. An independent valuation is a signed opinion of value at a stated date and for a stated purpose, which is what a co-owner, a tax matter or a family law matter typically calls for. Medival is an Australian valuation practice that values healthcare businesses only: NDIS providers, medical, dental and allied health practices, pharmacies, veterinary practices and aged care businesses. We charge a published fixed fee.

On maintainable earnings: the profit the practice can be expected to sustain once one-off items are removed and every doctor, including the owner, is paid market rates for clinical work. Those earnings are capitalised at a multiple reflecting risk, growth and how much earning capacity would survive a change of owner. Medicare provider numbers are issued to individuals, and Services Australia states you cannot use another health professional's provider number, so billings follow the doctor. A medical practice valuation also weighs billing mix, patient retention, the lease, whether a service entity is involved, and payroll tax exposure of the kind described in Revenue NSW ruling PTA 041.

Yes, where it is prepared for that purpose and says so. The Australian Taxation Office states that the acceptability of a valuation usually depends on the valuation process undertaken rather than on who conducted it, and that the onus of providing a replicable and defensible valuation stays with the taxpayer even when a professional is engaged. It expects a report to record the purpose, scope, valuation date, definition of value, methodology and the evidence relied on. Whether a valuation is needed in your circumstances should be confirmed with your accountant. See tax and restructure valuations.

Yes. Medival is the new name of the practice that traded as HPNA (Healthcare, Pharmacy & NDIS Advisory). It is the same practice, operated by Valuation Group Pty Ltd (ABN 48 702 469 252), with the same valuer, the same published fees and the same offices in Melbourne, Sydney and Brisbane, with Perth by appointment. It prepares independent valuations of healthcare businesses: medical, dental and allied health practices, pharmacies, NDIS providers, veterinary practices and aged care businesses. About Medival sets out who signs the valuations and how an engagement runs.

On the earnings the provider can sustain under the pricing settings at the valuation date, adjusted for participant concentration, workforce cost and compliance risk. Maximum prices for NDIS supports are set by the Minister's pricing determination and listed in the NDIS pricing schedules effective 24 September 2026, so growth comes from volume rather than price. An NDIS business valuation also tests registration. The NDIS Quality and Safeguards Commission states that registration is linked to a single ABN and cannot be transferred, and that for ownership changes from 1 July 2026 a buyer of a provider delivering high-risk or complex supports must start an audit no later than three months afterwards.

That depends on the engagement, and we confirm the timeframe when the scope is agreed rather than quoting a standard turnaround. The main variables are the purpose, because a valuation prepared for a legal or tax matter carries a higher evidentiary standard than an internal review; the number of entities, sites and practitioner arrangements involved; whether the financial records are complete and reconciled; and how quickly questions on normalisation items are answered. Incomplete information is the most common cause of delay. The fee does not vary with any of that: it is a fixed amount set by annual revenue, agreed before work starts. How it works sets out each step.

Financial statements and tax returns for the most recent trading periods, management accounts for the current period, and the detail behind owner remuneration, related-party rent and one-off items, so that earnings can be normalised. Then the operational material: practitioner and contractor agreements, the lease, staff and award arrangements, billing or funding data by payer, patient or participant numbers, the asset register, and any registration, approval or licence documents. For a shareholding, add the constitution and any shareholders, partnership or unitholders agreement. The full list is in what information is needed for a business valuation.

Family law valuations for healthcare and NDIS businesses are prepared by our dedicated family law practice, Family Law Valuations. It publishes two fixed fees: a Settlement Valuation at $2,495 plus GST for negotiation and mediation, and a Family Law Expert Valuation at $4,495 plus GST where an expert report is needed. In family law property matters a business is commonly valued by a single expert, and Part 7.1 of the Federal Circuit and Family Court of Australia (Family Law) Rules 2021 covers how that expert is appointed, the duty owed to the court and how the report may be questioned. Healthcare business valuation in family law explains how a practice is valued for this purpose.

Yes. We value the business as a whole first, then move from enterprise value, the value of the operations before borrowings, to equity value by deducting interest-bearing debt and adding any surplus or non-operating assets, and apportion that to the interest being valued. Whether a minority discount or a control premium applies depends on the purpose, the size of the parcel and what the shareholders, partnership or unitholders agreement says. That agreement may also fix the basis of value, for example fair value rather than market value. Share and equity valuations covers company, trust and partnership interests.

Yes. Medival values healthcare businesses in every state and territory. Engagements can be conducted remotely: financial and operational information is provided securely, and discussions with the owner, practice manager or adviser are held by video or telephone. A site visit can be arranged where the premises, fitout, equipment or layout matter to the conclusion. State rules change the analysis, including the payroll tax treatment of practitioner contracts, so the valuation reflects the rules that apply where the business operates. About Medival sets out how we work with owners and their advisers.