In our LevinPro HC Stat of the Week, we’re looking at the breakdown of Physician Medical Group M&A and which specialties have been a priority for investors in 2026. Dental groups remain popular targets for investors this year, accounting for 45% of year-to-date deal volume, with 53 transactions. Internal medicine, dermatology, and orthopaedic practices have also received some attention in the healthcare M&A market.
The buyers behind the deals reveal some key market trends. Dental groups are the primary targets for private equity-backed firms, such as MB2 Dental Solutions and U.S. Oral Surgery Management, but internal medicine and orthopaedic groups are more likely to be acquired by a health system. For example, the largest physician deal of the year (so far) has been Medical University of South Carolina’s $110 million acquisition of Palmetto Primary Care Physicians, the largest independent multi-specialty group practice in South Carolina.
We’re going to follow this trend throughout the year, as different players and investors look to corner their own segment of the market.
