Investment Banking forHealthcare IT & Services Physician Practices
- Sell-Side M&A
- Buy-Side M&A
- Growth Strategy
Our Focus
Physician Practices
- Ambulatory & Outpatient
- Cardiology
- Dental & Oral Surgery
- Dermatology
- Eye Care
- Gastroenterology
- Orthopedics
- Urology
Healthcare & IT Services
- AI & Analytics
- Care Management
- Clinical Documentation
- GRC
- Home Health
- Managed Care / VBC
- Population Health
- RCM & Risk Adjustment
Our Process
Understanding What Matters Most to You
Goals Clarification
Defining personal, financial, and professional objectives for all key stakeholders before any decisions are made.
Timeline & Flexibility Assessment
Understanding your runway, urgency, and openness to different outcomes, critical inputs that shape everything that follows.
Key Relationship Mapping
Identifying internal and external stakeholders whose alignment is essential to a successful outcome.
Building the Strongest Possible Version of Your Story
Value Driver Analysis
Identifying the key factors that drive enterprise value and building a plan to enhance them.
Risk Mitigation
Surfacing and addressing concerns that could reduce value or complicate a process before they become issues.
Strategic Narrative Development
Crafting a compelling, credible story that positions the business clearly for buyers, investors, or partners.
Evaluating Every Path, Not Just the Obvious One
Strategic Sale
Pursuing a full sale to a strategic acquirer or platform positioned to maximize value and deliver a clean transition.
Recapitalization
Structuring a partial liquidity event that lets owners take chips off the table while retaining meaningful upside.
Add-On Acquisition
Helping you grow by identifying and acquiring complementary businesses that add scale, capability, or reach.
Stand-Alone Growth
Continuing to build the business independently, with a plan centered on organic growth and long-term value creation.
Executing With Precision, From Launch to Close
Process Design
We design each process to meet the unique needs of each business.
Active Process Management
Driving the process forward day to day, keeping momentum, timelines, and stakeholders aligned through close.
Negotiation & Close
Negotiating terms that protect your interests and managing diligence through to a clean, efficient close.
Senior-Level Engagement
You work directly with experienced advisors, not junior analysts, at every stage of the engagement.
Owner-Aligned Perspective
We advise from the owner’s seat, understanding that transactions are deeply personal, not just financial events.
Process Discipline
Rigorous preparation and disciplined execution translate directly into better terms, better partners, and better outcomes.
Market Insights
View our weekly Market Insights hub here for the latest headlines, deal activity, and investment themes.
Sunlight AI came out of stealth with seed funding the company puts at $17.4M and a first acquisition, Bradford Medical Associates. It runs business operations for independent practices with AI and staff, as an alternative to selling to health systems or PE.
Family Care Center, a Denver-based outpatient mental health platform with 50+ clinics in five states and 800+ providers, closed a minority equity sale led by Apogem Capital. Terms were not disclosed. Revelstoke remains a partner.
Pacific Lake Partners-backed Vitana acquired Hollis Orthodontics, led by Dr. Bryan Hollis, in the Baton Rouge area. Terms were not disclosed. It is Vitana's fifth deal of 2026, a sign specialty DSOs are still adding practices as overall dental volume falls.
LevinPro HC counted 105 physician medical group deals in Q3 2026, down from 107 in Q2 and 137 a year earlier. Dental made up 51 deals, PE firms and their platforms accounted for 53, and Imagen Dental Partners was the most active buyer with five.
Baba pairs care advocates with AI to coordinate care for Medicare and Medicaid members. FirstMark led the $40M round, with CVS Health Ventures joining. The company plans to expand its clinical teams and value-based arrangements with health plans.
Tegria, the Altaris-backed healthcare consulting and managed services firm, acquired CloudWave, which provides cybersecurity, cloud hosting and managed IT for hospitals. Terms were not disclosed. The deal adds 24/7 security operations to Tegria's hosting business.
Experian Health acquired eInsights, which finds coverage missed at registration, including retroactive Medicaid and secondary coverage, after care is delivered. Terms were not disclosed. The deal extends Experian's eligibility tools ahead of more frequent Medicaid redeterminations in 2027.
Richmond-based KAC Dental acquired the practice of Anthony Puller, DDS, and Allgood Family Dentistry in Midlothian, building density in the Richmond metro and bringing the dentist-led group to four owned practices.
Holders of 99.21% of Radiology Partners' second-lien notes due 2030 consented to amendments that clear the way for its pending acquisition of Australia-based teleradiology provider Everlight Radiology. The consent fee is payable only if the Everlight deal closes.
The CRH Medical subsidiary acquired a majority interest in the Colorado Springs group, which provides anesthesia for GI procedures, adding 10 GI physicians through a partnership with Associates in Gastroenterology and bringing CRH to 17 Colorado locations.
Funds managed by HPS, part of BlackRock, will acquire Welsh Carson's roughly $2.8B equity stake in about 150 CenterWell Senior Primary Care clinics, taking majority ownership while CenterWell keeps a minority stake and continues to manage the clinics. Closing is expected in Q4 2026.
Lee Equity-backed healthcare advisory firm Marwood Group acquired Ronan Healthcare Compliance, an outsourced compliance provider serving more than 60 healthcare organizations across 21 specialties, adding risk assessments, due diligence and outsourced compliance officer services.
The musculoskeletal-focused private equity firm invested an undisclosed amount in Ospitek, whose AI and IoT software tracks the full surgical episode to improve OR utilization and throughput. Proceeds will fund product development and sales, with a focus on ASCs and specialty hospitals.
New investors Healthier Capital, Crosslink Capital and Hercules Capital joined existing backers, bringing Suki's total funding past $250M. The company will build AI agents for post-visit work such as referrals and prior authorizations across its 250+ health system customers.
Agilent signs definitive agreement to acquire Proscia for up to $270M
Agilent will pay $240M in cash at closing, plus up to $30M in performance milestones, for enterprise digital pathology software company Proscia, which serves more than 4,000 labs, hospitals and clinics. Closing is expected early in Agilent's fiscal 2027.
Hinge Health signs definitive agreement to acquire Cylinder Health for $105M
The publicly traded digital MSK platform expands into virtual-first gastrointestinal care, combining Cylinder's clinical expertise with Hinge's technology into a single app targeted for a 2027 launch; deal expected to close Q3 2026.
HealthBar selects Elation Health to power employer-based primary care at scale
Elation's clinical-first EHR platform will support HealthBar's onsite and virtual preventive-care offering, which serves dozens of employers and schools nationally, as the company continues its expansion.
Nexus acquires Telemetrix RPM
The deal, which closed in Cleveland, unifies inpatient coordination, remote patient monitoring, chronic care management and cardiac AI into a single Epic-native workflow, part of a broader push among health tech providers toward integrated inpatient-to-post-acute platforms.
Serelora acquires ACTIN Care Groups’ clinical risk-stratification software
The acquired WellCheck technology, a 27-instrument preventive risk battery, becomes a native capability of Serelora's agentic EHR, extending it from individual-chart documentation into population-level risk analysis.
DOJ declines to prosecute Campus Eye Management Holdings, indicts founder
Under the Department's new Corporate Enforcement Policy, DOJ declined to prosecute the PE-backed optometry MSO for healthcare fraud and kickbacks after it self-disclosed, cooperated, and paid $1M in restitution, marking the first healthcare declination under the policy. Founder E. Bruce DiDonato was separately indicted on a seven-count fraud and kickback scheme tied to the 2021 PE recapitalization.
Astrana Health reports Q2 2026 results, raises full-year guidance
Revenue of $972.5M (+49% YoY), net income of $19.7M (+109% YoY), and Adjusted EBITDA of $68.9M (+43% YoY) for the quarter; management raised full-year 2026 Adjusted EBITDA guidance to $255–280M, citing accelerating provider and payer demand for its value-based care platform.
Included Health signs definitive agreement to acquire Firefly Health
The combination pairs Included Health's clinician-in-the-loop virtual care and navigation platform with Firefly's clinically integrated health plan design, serving 20,000+ members through 2,300+ providers; Firefly reported 15%+ total cost of care savings and 90% member satisfaction in 2025. Expected to close Q3 2026.
Clearview Capital exits Advantage Behavioral Health in a $610M muni-bond-financed sale
Connecticut-based PE firm Clearview agreed to sell the New Jersey mental health and sober-living operator to nonprofit acquirer QCF/I, Inc., funded via a planned $610M unrated municipal bond issuance; Clearview and management expect ~$415M at closing, with up to $100M more tied to performance. ABH is projected to generate ~$170M revenue and ~$78M EBITDA this year.
Transform Health Partners completes acquisition of Sound Surgeons
The buyer adds the Washington-state bariatric and weight-loss surgery practice, along with Sound Weight & Wellness, extending its strategy of building an outpatient surgical facility portfolio.
Timshel Health adds MyMD Select to its direct primary care platform
The East Texas DPC practice, founded in 2014, joins Timshel's national holding company and plans to open new clinics across Texas; founder Jeremy Smith, MD becomes MyMD Select's chief medical officer under the deal.
Recent Transactions
* Denotes transaction completed by a Bridgewell Managing Partner at a prior firm.
Is Your Business the Right Fit?
Whether you’re actively exploring a transaction or just beginning to think through your options, we start every relationship with a direct, confidential conversation.