Healthcare M&A Advisory | Sell-Side and Buy-Side

One Industry. Both Sides of the Deal.

We advise founders and private equity firms on buying and selling healthcare businesses. Healthcare is the only industry we cover. The work draws on Marc's 36 years advising on healthcare deals and 17 years investing in them as a principal.

Decades in healthcare mean we've built relationships with the founders, advisors, and intermediaries who think of us early—often before a process starts. That access isn't accidental. It comes from a track record of closing what we say we'll close, structuring deals fairly, and never wasting an operator's time on a process that goes nowhere.

Our point of view comes from pattern recognition built over more than 150 healthcare transactions—watching business models emerge, scale, get reimbursed, get squeezed, and adapt. We know which segments of behavioral health have durable economics, which provider models survive payor consolidation, and where post-acute care is heading as Medicare Advantage reshapes incentives.

For Founders

Selling or buying a business is among the most consequential decisions a founder makes. We advise on sales to strategic buyers, private equity recapitalizations, and acquisitions.

We advise on price and deal terms, structure, earnouts, rollover, and management incentives. We also negotiate the details that shape the final outcome: representations and warranties, working capital adjustments, and transition services agreements.

For Private Equity Firms

We work with private equity firms in two ways. As an independent sponsor, we bring proprietary healthcare deals, lead them, and invest alongside the fund as a principal. As an advisor, we work across the investment lifecycle: developing a healthcare investment thesis, assessing practice economics, payor relationships, and coding and compliance, and C-suite recruitment and advisory.

Looking to invest alongside us? See Growth Partner.

Selected Transaction Advisory Experience

Over the course of his career, Marc has closed more than 150 transactions totaling $24 billion in aggregate value. Select transactions include:

Sale of University Gastroenterology to GI Alliance

$85 million

01/24

Sale of Amicus Medical to Humana

$275 million

12/21

iCare Health Solutions Sale to VSP

$707 million

11/21

CVCA Cardiac Care for Pets Sale to Southern Veterinary Partners (Shore Capital)

$155 million

11/21

Millennium Medical Group’s Recapitalization by Clayton Dubilier & Rice

$1.1 billion

03/21

Miami Beach Medical’s sale to Sun Capital Partners

$540 million

12/20

Panoramic Health’s recapitalization by Audax Private Equity

$387 million

12/20

InHealth MD Alliance’s sale to TA Associates

$550 million

01/19

BlueCross BlueShield of Florida’s acquisition of PopHealthcare

$155 million

01/17

Community Medical Group’s sale to Nautic Partners

$185 million

07/15

Metropolitan Health Network’s sale to Humana

$839 million

12/12

Metropolitan Health Network’s acquisition of Continucare

$416 million

10/11

WebMD’s merger with HLTH

$1.7 billion

10/09

Radiation Therapy’s go-private sale to Vestar

$1.1 billion

02/08

See

Advice From Both Sides Of The Table

One Industry. Both Sides of the Deal.

For Founders

For Private Equity Firms

Selected Transaction Advisory Experience

Let's talk about your next transaction