The big picture: what is driving physician practice M&A?
The role of private investment, what doctors need to know, and what it all means for patients Levin Associates spoke with Dana Jacoby, the CEO and founder of Vector Medical Group, and Gary Herschman, a partner at Epstein Becker & Green, P.C., at the 6th annual Physician Transactions Conference in Las Vegas in March 2023. Their separate interviews have been combined into one Q&A, which has been lightly edited for clarity and brevity. What is the future of private equity and other outside investment in healthcare? Jacoby: I’m very bullish on the future of healthcare and I’m very excited about it. There’s just this crescendo of change coming into... Read More »
Valuations, Competition, and the Future of GI
Gastroenterology is a service line with unlimited potential for growth. The expanding patient need for services, combined with advancements that allow more procedures to be performed in outpatient settings, have made gastroenterology an attractive target for investors. Patients utilize gastroenterology services throughout their lifetimes. Gastroenterologists treat a wide variety of conditions impacting the digestive system, which includes the stomach, intestines, gallbladder, pancreas, and liver. Clinicians care for patients experiencing everything from abdominal pain and heartburn to nonalcoholic fatty liver disease and cancers. The stats show that chronic digestive issues keep providers... Read More »
Takeaways from the 6th Annual Physician Transactions Conference
The role of private equity in healthcare was the focus of the 6th Annual Physician Transactions Conference on March 9, 2023. Physicians, private equity investors, investment bankers and other healthcare business leaders gathered in Las Vegas to talk about what independent practices need to know about brokering a deal with a private equity firm. Attendees posed questions to other physicians who have already entered into PE deals, and panelists provided insights to help physicians consider whether partnering with outside investors will be the right path forward for their practices. Levin Associates was in attendance at the conference. Here is a summary of the main... Read More »
Spotlight on Orthopedics, its Independent Culture, and the Role of Private Equity
Orthopedic practices are highly attractive targets for investors, especially private equity-backed platforms that are looking to expand. However, it can be a challenging sector to access – in part because orthopedic groups have consolidated quickly and grown significantly larger compared to other specialties like fertility and cardiology. Orthopedic physicians treat a wide variety of common conditions Most people would agree that their ability to move their bodies whenever they please is very important to their quality of life. Orthopedic physicians provide the surgical and nonsurgical care that people of all ages and lifestyles need to maintain their mobility. Orthopedic physicians... Read More »
