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HEALTHCARE INVESTMENT BANKING

PHYSICIAN GROUP ADVISOR

Modern Healthcare Sponsorship: Health Care M&A Insights: Q4 2023 & Outlook for 2024 Deal Activity

ZIEGLER’S LEADING PHYSICIAN ADVISORY PRACTICE

Ziegler is one of the leading advisors to physician groups on mergers, acquisitions, joint ventures, partnerships and private equity transactions

  • Decades of experience advising physician groups across the country on over $5 billion of transactions
  • 100+ year-old employee-owned firm with roots in providing investment banking services to hospitals, physician groups and healthcare facilities
  • High-touch service model with senior banker involvement and personalized attention dedicated to each transaction
  • Demonstrated track record of helping our clients achieve highly successful outcomes
  • Frequent lines of dialogue into all the relevant strategic acquirers and private equity groups
  • Deep understanding of the importance of preserving the cultural elements of the practice
  • Advisor to the physician group, not the buyer or investor
  • Our reputation is built on providing honest, unbiased advice
  • We forge lasting partnerships with our clients and are deeply invested in their long-term success

ZIEGLER’S VAST DOMAIN EXPERTISE AND EXPERIENCE IS DEMONSTRATED BY A STRONG TRACK RECORD OF SUCCESS

Meet Andy Colbert, a senior managing director, in Ziegler’s Corporate Finance Healthcare practice focused on advising physician practices.

LEADING ADVISOR TO PHYSICIAN GROUPS ON M&A, JOINT VENTURES, AND STRATEGIC INITIATIVES ACROSS THE U.S.

~45

HEALTHCARE M&A BANKERS

140

TRANSACTIONS OVER LAST 10 YEARS

$12.0B

TOTAL TRANSACTION VALUE 

~120

YEARS OF SERVICE IN HEALTHCARE 

59

PHYSICAN DEALS ON ZIEGLER PLATFORM

~$5.9B

PHYSICIAN TRANSACTION VALUE 

SECTOR EXPERTISE

ANESTHESIA / PAIN

ASCS / SURGERY

CARDIOLOGY

DERMATOLOGY

EMERGENCY

ENT & ALLERGY

GASTROENTEROLOGY

MENTAL HEALTH

NEPHROLOGY

ONCOLOGY

OPHTHALMOLOGY

ORTHOPEDICS

PATHOLOGY

PODIATRY

PRIMARY CARE

RADIOLOGY

TELEHEALTH

URGENT CARE

UROLOGY

WOMEN'S HEALTH

ADVISORY SERVICES

MERGERS & ACQUISTIONS

PARTNERSHIP DEVELOPMENT

DIVESTITURES

JOINT VENTURES

CAPITAL RAISING

LONG-TERM STRATEGIC PLANNING

RESTRUCTURINGS

VALUATION / FAIRNESS OPINION

WHAT OUR CLIENTS SAY

Andy Colbert and the Ziegler team gave us the confidence and capabilities to explore the best long-term opportunities for our practice. We are very pleased with the outcome and Ziegler was key to our success.”*

Ian Perlman - President, Perlman Clinic

Andy Colbert and the Ziegler team gave us the confidence and capabilities to explore the best long-term opportunities for our practice. We could not be more pleased with the outcome, and Ziegler was key to our success.”*

Josh Snow - Chief Executive Officer, Rancho Family Medical Group 

Andy Colbert and his team at Ziegler was the ideal advisor for Windsong Radiology because of their deep knowledge of the radiology industry and proven track record of successful transactions. The strategic value that they provided was immeasurable throughout the process and ensured a very successful outcome.”*

Thomas Summers, M.D. - President, Windsong Radiology 

Andy Colbert and the Ziegler team made this deal possible. Their knowledge and expertise in the healthcare sector proved instrumental in leading successful negotiations while addressing the most important issues for our practice. Thanks to their involvement, we are off to an exciting and collaborative relationship with our new partner, Trivest. We believe that the Ziegler team is a true value-add to any group considering a strategic investment opportunity.”*

Dr. Greg D’Angelo, M.D. - Senior Partner and President, Bluegrass Orthopaedics

Ziegler was the ideal partner to advise Radiology Ltd. because of their deep knowledge of the radiology industry and proven track record of advising other radiology practices on successful transactions. Andy Colbert and his team’s invaluable guidance and thoughtful approach helped ensure a successful outcome for Radiology Ltd. and positioned our group well for continued growth. We are thrilled to be partnered with USRS, an organization that shares our group’s values and mission to transform healthcare.”*

David Jeck, M.D. - President, Radiology, Ltd. 

Andy Colbert and his team were instrumental in initiating, negotiating and closing this very important transaction, while guiding us every step of the way. Through our partnership with Ziegler, we had the confidence and capabilities to explore the best long-term opportunities for our platform. My co-founders (John Arias, MD and Kyle Henneberry, MD) and I could not be more pleased with the outcome.”*

Lawrence Bub, M.D. - Co-founder and Head of Clinical Services, Direct Radiology

Andy Colbert and his team at Ziegler, were not only our trusted advisors, but our partners. Their knowledge of the radiology industry, contacts, financial expertise and pure drive was an enormous advantage for Desert Radiology. The Ziegler team helped us focus on what was important to our future and stood by our side working tirelessly until every deal point was negotiated, ultimately helping us finalize a partnership with Radiology Partners. Along the way, Andy made sure our shareholders stayed informed of the process and economics of the deals. Without a doubt, we were better off having Andy and Ziegler on our side. I cannot thank them enough for their efforts throughout our process.”*

Rich Bodager - Chief Executive Officer, Desert Radiology 

*This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success.

SELECT PHYSICIAN GROUP TRANSACTION EXPERIENCE

In a joint venture with

Financial Advisor

In a capital investment from

Sell-Side Advisor

In a capital investment from

Sell-Side Advisor

In the sale to

Sell-Side Advisor

In the sale to

Financial Advisor

In the sale of imaging centers to

Sell-Side Advisor

In a growth investment by

Financial Advisor

In the sale of imaging centers to

Sell-Side Advisor

In a growth investment by

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In the sale to

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In a capital investment by

Financial Advisor

In a partnership with

Sell-Side Advisor

In a partnership with

Financial Advisor

In the sale to

Sell-Side Advisor

In the sale to

Sell-Side Advisor

In a growth investment by

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In a partnership with

Financial Advisor

In the sale to

Sell-Side Advisor

In its affiliation with

Sell-Side Advisor

In a capital investment by

Financial Advisor

In a merger with

Financial Advisor

In a partnership with

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In the sale to

SELL-SIDE ADVISOR

In the sale to

Financial Advisor

In a partnership with

Sell-Side Advisor

In the sale to

SELL-SIDE ADVISOR

In a partnership with

SELL-SIDE ADVISOR

In a growth capital investment by

Financial Advisor

In the sale to

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In the sale to

Sell-Side Advisor

In the sale of its Medicare operations to

Sell-Side Advisor

In the sale to

Sell-Side Advisor

In a partnership with

Sell-Side Advisor

In the sale to

Advisor

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In a growth equity financing

ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In a partnership with

FINANCIAL ADVISOR

In a partnership with

SELL-SIDE ADVISOR

In its investment by

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In a partnership with

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

ADVISOR

In the sale of a majority interest to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In a private equity investment by

SELL-SIDE ADVISOR

In the sale of 4 ambulatory surgery centers

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In the sale of MSO to

SELL-SIDE ADVISOR

In the sale of PCMS to

SELL-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

In a private equity investment by

PLACEMENT AGENT

In the purchase of

BUY-SIDE ADVISOR

In the sale to

SELL-SIDE ADVISOR

Meet Andy Colbert, a senior managing director, in Ziegler’s Corporate Finance Healthcare practice focused on advising physician practices.