Michael Kroin

Michael Kroin is the Founder and Managing Partner of Physician Growth Partners (PGP),  where he leads transaction execution efforts in advising healthcare business owners and management teams on mergers and acquisitions, private equity recapitalizations, growth equity transactions, and strategic partnerships. 

Michael began his career in healthcare investment banking in 2013, as consolidation across the physician practice management sector and other healthcare service verticals was gaining momentum. He developed deep expertise advising healthcare services companies on sell-side transactions before founding PGP. Today, he draws on that experience to deliver best-in-class healthcare transaction advisory and investment banking services to clients.

Under Michael’s leadership, PGP has grown from a physician practice-focused advisory firm into a nationally recognized healthcare investment banking firm providing sell-side transaction advisory and investment banking services across the full spectrum of healthcare services. Since 2019, the firm has completed more than 90 healthcare services transactions spanning physician groups, dental organizations, behavioral health & post-acute care, outpatient & ancillary healthcare services, and tech-enabled and outsourced healthcare services companies.

Michael has been quoted in the New York Times, Crain’s Chicago Business, Levin Associates, PE Hub, and Dermatology Times on topics spanning private equity’s role in healthcare, physician practice valuation, and M&A strategy. He is a frequent speaker and podcast guest on healthcare, practice management, and the evolving private equity landscape across all healthcare services sectors.

Michael Kroin lives in Chicago with his wife, three daughters, and their dog. Sophie (proudly embracing his role as a “Girl Dad”). During Michael’s downtime, he is a passionate Indiana basketball and football fan (Go Hoosiers!). He enjoys running, tennis, golf, cheering on Chicago sports, and, most importantly, spending time with his girls.

Michael holds a B.A. in Accounting and an M.B.A. in Finance from Indiana University.