Primary Care Private Equity | Multispecialty Private Equity Transactions

State of Primary Care & Multispecialty Private Equity

Summer 2021 Update

After many years of Private Equity investments focused on single specialty providers, Primary Care and Multi-specialty have proven to be among the hottest areas for private equity investment over the last two years.

Private equity groups are recognizing the ability to create value created when referrals, ancillary services, and patients can be kept within a single network for multiple specialties. Whether practices are taking on risk or have built traditional fee-for-service models, groups that control large patient populations are being rewarded with historically high valuations and interest.

Private equity is attracted to the unique ability to preserve elements of self-governance while having economies of scale that allow for stronger bargaining power from both payors and suppliers. PGP believes that valuations and interest for both Primary Care and Multispecialty groups will remain high for the foreseeable future.

Select Recent Private Equity Transactions in the Primary Care & Multispecialty Space

DateTargetPE SponsorPlatformTypeState
7/6/2021Doctor’s Medical CenterInTandem Capital PartnersCano HealthPrimary CareFlorida
6/25/2021Reliance Medical CentersAIM Associates Capital GroupReliance Medical CentersPrimary CareFlorida
6/15/2021OnePeak MedicalNB GroupOnePeak MedicalPrimary CareOregon
5/10/2021RendrAscend PartnersRendrMultispecialtyNew York
4/14/2021Bluestone Physician ServicesWindrose Health Investors LLCBluestone Physician ServicesPrimary CareMinnesota
4/7/2021Southeast Primary Care PartnersBeecken Petty O’Keefe & CompanySoutheast Primary Care PartnersPrimary CareGeorgia
3/12/2021MAXHealthArsenal Capital PartnersBest Value HealthcareMultispecialtyFlorida
2/10/2021CareAccess MSOCimarron Healthcare CapitalCareAccess MSOPrimary CareCalifornia
1/25/2021Multi-Specialty HealthcareBain Capital Double ImpactMulti-Specialty HealthcareMultispecialtyMaryland
12/23/2020Family Care Medical GroupClayton Dubilier & RiceAgilon HealthMultispecialtyNew York
11/18/2020Miami Beach Medical GroupSun Capital PartnersClinical Care Medical CentersPrimary CareFlorida
11/17/2020Best Value Health CareArsenal Capital PartnersBest Value Health CarePrimary CareFlorida
11/10/2020Doctors Making HousecallsEnhanced Healthcare PartnersEventus Whole HealthPrimary CareNorth Carolina
9/1/2020ConcentraTrive CapitalConcentraMultispecialtyTexas
8/20/2020Northside Medical AssociatesPharos Capital Group, LLCComplete HealthPrimary CareAlabama
8/20/2020Adamsville Family MedicinePharos Capital Group, LLCComplete HealthPrimary CareAlabama
8/18/2020CalCare IPALeonard Green & PartnersProspect Medical Holdings, Inc.MultispecialtyCalifornia
8/18/2020Los Angeles Medical Center IPALeonard Green & PartnersProspect Medical Holdings, Inc.MultispecialtyCalifornia
8/18/2020Vantage Medical GroupLeonard Green & PartnersProspect Medical Holdings, Inc.MultispecialtyCalifornia

Physician Growth Partners

Physician Growth Partners is a firm that recognizes and prioritizes the importance of clinically focused outcomes, first and foremost. The groups that allow us to advise them will attest to the fact that we always emphasize partnership over economics. When the highest level of care is delivered, financial success will always follow.

Discuss Primary Care & Multispecialty Market Activity With Our Team