We’ve Served as Advisors on Hundreds of Partnerships, Mergers & Acquisitions

We know the decision to partner with another healthcare organization is one of the most important events in your organization’s history. We’re committed to ensuring you find the right partner for your mission, vision, values, and needs.

Medica logo

has acquired a majority interest in

Dean Health Plan logo
Client
Medica
Counter-Party
SSM Health
Engagement Type
Acquisition
Altais logo

has entered into a definitive agreement to acquire

Family Care Specialists logo
Client
Altais Clinical Services
Counter-Party
Family Care Specialists Medical Corporation
Engagement Type
Acquisition
UHCS Logo

has approved a letter of intent to partner with

Piedmont Healthcare logo
Client
University Health Care System
Counter-Party
Piedmont Healthcare
Engagement Type
Change of Corporate Member
University of Miami logo

has entered into a Technical Services Agreement for Laboratory Services with

labcorp logo
Client
University of Miami
Counter-Party
LabCorp
Engagement Type
Management Services Agreement
LRGHealthcare logo

has been acquired by

Concord Hospital logo
Client
LRGHealthcare
Counter-Party
Concord Hospital
Engagement Type
Acquisition
Michigan Urgent Care logo

has been acquired by

NextCare logo
Client
Michigan Urgent Care
Counter-Party
NextCare
Engagement Type
Acquisition
Coastal Medical

has entered into a strategic partnership with

Lifespan Health System
Client
Coastal Medical
Counter-Party
Lifespan Health System
Engagement Type
Affiliation
Northwest Community Healthcare Logo

has transferred its membership interest to

Northshore Logo
Client
Northwest Community Healthcare
Counter-Party
NorthShore University HealthSystem
Engagement Type
Change of Corporate Member
Lake Health logo

has transferred its membership interest to

University Hospitals logo
Client
Lake Health
Counter-Party
University Hospitals
Engagement Type
Change of Corporate Member
King's Daughter's Health logo

has entered into a letter of intent to partner with

Norton healthcare logo
Client
King's Daughter's Health
Counter-Party
Norton Healthcare
Engagement Type
Change of Corporate Member
Huntington Hospital

has entered into a definitive agreement to partner with

Cedars-Sinai
Client
Huntington Hospital
Counter-Party
Cedars-Sinai
Engagement Type
Affiliation
Advocate Aurora Health

has divested two hospitals to

Carle Health System
Client
Advocate Aurora Health
Counter-Party
Carle Health System
Engagement Type
Acquisition
Riverside Health System

has divested Riverside Tappahannock Hospital to

VCU Health
Client
Riverside Health System
Counter-Party
VCU Health
Engagement Type
Acquisition
Saint Peter's Healthcare System

has signed a definitive agreement to partner with

RWJ Barnabas Health
Client
Saint Peter’s Healthcare System
Counter-Party
RWJ Barnabas
Engagement Type
Change of Corporate Member
altais logo


has affiliated with

Brown & Toland Physicians logo
Client
Altais
Counter-Party
Brown & Toland Physicians
Engagement Type
Acquisition
Reid Health logo


has acquired the assets of 

Fayette Regional Health System logo
Client
Reid Health
Counter-Party
Fayette Regional Health System Assets
Engagement Type
Acquisition
Virtua Health logo

 

has acquired Lourdes Health System from

Trinity Health logo
Client
Virtua Health
Counter-Party
Lourdes Health System
Engagement Type
Acquisition
JourneyCare logo

has acquired Hospice and Home Health Assets from 

northwestern medicine logo
Client
Journeycare
Counter-Party
Northwestern Memorial HealthCare
Engagement Type
Acquisition
medical-university-of-south-carolina-logo

has acquired four hospitals from

community-health-systems-logo
Client
Medical University of South Carolina
Counter-Party
Community Health Systems
Engagement Type
Acquisition
the polyclinic logo

has agreed to be acquired by 

optum logo
Client
The Polyclinic
Counter-Party
OptumHealth
Engagement Type
Acquisition
spartanburg-regional-healthcare-system-logo

has acquired Mary Black Health System (SC) from

community-health-systems-logo
Client
Spartanburg Regional Healthcare System
Counter-Party
Community Health Systems
Engagement Type
Acquisition
evangelical-community-hospital-logo

as sold a minority interest to

geisinger-logo
Client
Evangelical Community Hospital (PA)
Counter-Party
Geisinger Health System
Engagement Type
Minority Investment
Ransom-memorial-health-logo

has transferred its membership interest 

adventist-health-system-logo

 

Client
Ransom Memorial Health (KS)
Counter-Party
Adventist Health
Engagement Type
Change of Corporate Member
ssm-health-logo


has agreed to sell SSM Health St. Francis Hospital - Maryville to

mosaic-life-care-logo
Client
SSM Health
Counter-Party
Mosaic Life Care
Engagement Type
Acquisition
integris-healthcare-logo

has acquired AllianceHealth Deaconesss from

community-health-systems-logo
Client
INTEGRIS Health
Counter-Party
Community Health Systems
Engagement Type
Acquisition
AdventHealth

has acquired Munroe Regional Medical Center from

community-health-systems-logo
Client
Florida Hospital Ocala (subsidiary of AdventHealth)
Counter-Party
Community Health Systems
Engagement Type
Acquisition
summit-health-logo

has transferred its membership interest to

wellspan-health-logo
Client
Summit Health (PA)
Counter-Party
WellSpan Health
Engagement Type
Change of Corporate Member
austin diagnostic clinic logo

has been acquired by 

hospital corporation of america logo
Client
The Austin Diagnostic Clinic
Counter-Party
HCA
Engagement Type
Acquisition
multicare logo

has acquired a minority interest in 

physicians of southwest washington logo
Client
MultiCare Health System
Counter-Party
Physicians of Southwest Washington
Engagement Type
Minority Investment
west-connecticut-health-network-logo

has agreed to merge with 

healthquest-logo
Client
West Connecticut Health Network
Counter-Party
Health Quest (NY)
Engagement Type
Merger
einstein-healthcare-network-logo

has announced to its intention to transfer its membership interest to

jefferson-health-system-logo
Client
Einstein Healthcare Network (PA)
Counter-Party
Jefferson Health System
Engagement Type
Change of Corporate Member
west-tennessee-healthcare-logo

has acquired Tennova Healthcare Dyersburg Regional, Regional Jackson, and Volunteer Martin from

community-health-systems-logo
Client
West Tennessee Healthcare
Counter-Party
Community Health Systems
Engagement Type
Acquisition

Who We Are and Who We Serve

How We Help

Our strategic advisors are skilled in designing partnership models - from affiliations to highly complex mergers and acquisitions

Our sell-side approach pairs in-depth experience with an appreciation that each client’s journey is truly unique. We recognize that each organization defines success differently. That’s why we begin each engagement by gaining a deep understanding of your goals and objectives.

We’ll coordinate the RFP process, develop letters of intent or term sheets, coordinate due diligence, and lead negotiation of definitive agreements on your behalf. Our deep expertise in M&A and strategic partnership positions us to efficiently address any issue that arises and rigorously defend the interests of our clients.  

Explore Our Sell-Side Work

We serve as an advisor jointly engaged with our clients to design and support a partnership process that focuses on development of business rationale, confirmation of mutual strategic benefit, structuring of the transaction and construction of the partnership agreements. In facilitated discussions, our team acts as the lead and often sole advisor to the parties as they evaluate and execute the contemplated partnership. At each step, we provide alignment of strategic interests, compatibility of cultures, and a consistent vision for how the partnership will function.

Explore Our Facilitated Partnership Work

We provide high-value transaction advisory solutions to healthcare providers seeking to partner with or acquire another organization. Through a multidimensional approach, we’ll help you simultaneously assess the strategic and financial impact of a potential opportunity and determine the right form and structure for a transaction.

This approach empowers you to assess whether a potential partner is a right fit for your organization. It also enables you to present a competitive offer. Our customized, client-based approach ensures we aggressively represent your best interests at all times.

Explore Our Buy-Side Work

Creative affiliations and joint ventures are assuming a larger role in meeting the strategic needs and financial demands of healthcare organizations in an evolving market environment. Our approach is to provide truly objective advice, the best possible information, and a strategic advantage in decision making. We combine M&A; financial and capital planning; and corporate finance advisory to bring a breadth of capabilities and a depth of healthcare industry knowledge—a unique skill set among healthcare consultants and investment bankers.

Explore Our Affiliation & Joint Venture Work

Clients We Advise

Our experience spans a wide variety of hospital and healthcare organizations

We are the most active advisor in the industry to hospitals, health systems and other healthcare service providers seeking to evaluate and pursue partnerships and transactions. This unparalleled base of experience allows our clients a leading base of knowledge and know how to execute these engagements. We also actively work on projects to execute growth strategies, organize systems of care, structure collaborations with focused service lines and business units, and facilitate discussions with financial, capital and strategic partners. Our experience spans the entire breadth of providers:

Large Health Systems that include leading national organizations that operate in multiple geographies, Super Regionals that span multiple markets and states as well as leading regional health systems within their markets

Academic Medical Centers whose operations are multi-faceted and usually include the tri-partite mission of delivery of healthcare services, providing medical education and training as well as leading clinical research efforts

Community Hospitals that have thrived as independent organizations and have established a presence and role in their respective communities and range from multiple site facilities to single hospital locations. These include:

•Sole Community Providers

•Safety Net Hospitals

•Urban and Suburban Hospitals

•Rural Hospitals

•Critical Access Hospitals

Religious Sponsored Hospitals & Systems that have a mission, role and history that results a sponsoring organization or ministry of a large religious organization across multiple regions to the focused sponsor of a single facility with a local member/ sponsor

Physicians and Physician Groups
Homecare, Hospice and Post-Acute Services
ASCs, Specialty and Outpatient Surgery
Laboratory and Diagnostic Services
Health Plans and Managed Care
Capital Providers and Lenders

Sectors We Serve

Our expertise supports the needs of a variety of healthcare sector organizations

An optimized partnership strategy can enable physician practices to generate new revenue, recruit/retain providers, increase scale, and manage costs to compete more effectively and deliver the best care to patients. Changes in the traditional model of healthcare delivery for physicians present new opportunities for multispecialty and specialty physician groups to use partnerships in achieving their strategic and financial goals.

Our experience with physician groups spans from primary-focused to single-specialty practices, as well as multispecialty and accountable care organizations and groups.

As payment models migrate from volume to value, and with an increased focus on managing costs, a shift to alternative settings, including into the home, has become more prevalent. Continued technological advances in how providers and patients connect have only enhanced the ability to deliver better outcomes.

We understand the unique dynamics of the post-acute sectors and have the expertise to help develop optimal partnerships, including fully integrated solutions like buying or selling, as well as affiliations with strategic or financial partners.

Finding the right setting for elective surgeries is essential to delivering optimal clinical outcomes in a cost-effective manner. Over a $50 billion Outpatient Surgery market is 2/3 independent or physician-owned, but that's changing as hospitals and health systems continue to partner or employ specialists, and strategic aggregators – many of whom are private equity-backed — continue to consolidate the sector.

We have deep experience advising independent, physician-owned and system-affiliated organizations on a broad range of strategic options and transaction structures.

Hospital inpatient/ outpatient, and inreach/ outreach lab businesses are increasingly challenged by lower volumes (steered toward lower priced labs), declining payment rates, and disruptive innovation. At the same time, large national and regional labs look to differentiate into esoteric testing spaces, grow, and compete fiercely in this space that has garnered much attention amidst the COVID-19 pandemic. These trends will lead to continued consolidation and partnerships for laboratory and diagnostic services providers as organizations explore sales, partnerships, and other affiliations as vehicles to gain greater scale and improve their competitive positions.

We’re working with hospital-based and independent labs across the country to help assess their market positions and determine the optimal transaction strategy.

With the ongoing shift to value-based care, both payors and providers are continuing to improve their ability to manage population health under new and innovative risk-based payment arrangements.

Whether you are a payor contemplating how a provider partnership could enhance your member offerings and growth, or a provider seeking to move closer to the premium, we can support to assess your position and marketplace, and determine the optimal partnering strategy.

Health Systems - We are the top strategic advisor to health systems seeking partnerships, mergers, acquisitions and divestitures. We lead large and often-complicated mergers and combinations, developing acquisition growth strategies and advising on divestitures of existing business units or service lines.

Hospitals - We are the most active advisor to community hospitals seeking partnerships and mergers to strengthen their market position. We help you execute growth strategies, organize systems of care, structure collaborations with focused service lines and business units, facilitate discussions with financial and strategic partners, and execute transactions with larger organizations, where appropriate.

Explore strategic partnership opportunities for your organization

The Most Active Team of Healthcare Partnerships and M&A Advisors


Our strategic advisors are skilled in sell-side, buy-side, facilitated partnerships, provider affiliations, and joint ventures.

We recognize that each organization defines success differently, and we center on your organization’s goals and objectives in helping you shape the right approach for partnership. Our reputation is built on achieving exceptional outcomes for our clients.

 

Anu-Singh

Anu Singh, Managing Director

Anu Singh leads the evaluation, structuring, negotiation, and execution of mergers, acquisitions, partnerships, joint ventures, and other forms of transactions.
Learn More About Anu
Courtney-Midanek

Courtney Midanek, Managing Director

Courtney Midanek provides partnership advisory services for a variety of healthcare clients in both acute and non-acute care.
Learn More About Courtney
Kristofer-Blohm

Kristofer Blohm, Managing Director

Kris Blohm counsels executives and boards nationwide on a broad range of transactions, including mergers, acquisitions, divestitures, joint ventures, strategic investments, as well as other partnership and affiliation structures.
Learn More About Kristofer

Featured Partnership and M&A Insights