Healthcare Services M&A · September 2026
2026 Healthcare M&A
Transactions, Trends & Outlook
Selectivity didn't slow the market. It sharpened it. Buyers demanded greater conviction, making strategic positioning and thorough preparation more important than ever.
Pace
Buyers moved more diligently to validate the opportunity.
Capital
Prepared to write a larger check for the right deal.
By the numbers
01 / MarketThrough September 2026, PGP has served as exclusive financial advisor on 10 successfully closed transactions between independent healthcare organizations and private equity or strategic partners.
Most active PPM advisor in the nation
Transactions completed since 2018
Shareholders advised since inception
In enterprise value advised since 2018
Transaction activity
02 / TransactionsTen independent healthcare organizations advised in 2026, in partnership with leading private equity firms and strategic platforms.
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01Medical Aesthetics -
02Plastic Surgery -
03Women’s Health -
04Women’s Health -
05ENT & Allergy -
06ENT & Allergy -
07Urology -
Outpatient Orthopedic Ambulatory Surgery Center in the Midwest
has partnered with
ASC Management Company
08Orthopedics -
Leading Independent Cardiology Group in the Midwest
has partnered with
PE-Backed Cardiovascular Platform
09Cardiology -
Multi-Specialty, Outpatient Ambulatory Surgery Center in the Midwest
has partnered with
ASC Management Company
10Multi-Specialty
Completed in 2026
CMS reimbursement pressures, evolving policy changes, and AI continue to challenge the sustainability of independent physician practices, prompting many groups to seek partnerships with private equity and strategic buyers.
We expect continued momentum through year-end, alongside a more focused and selective buyer landscape.
physiciangrowthpartners.com
Read the full 2026 Insights