Overview

Healthcare M&A advisory, defined

51 of the 100 firms in this ranking list healthcare as an active coverage area, though for most it's one of several sectors rather than an exclusive focus. Ranked by overall Top 100 research rank, filtered to firms covering this sector.

Selecting An Advisor

What matters in healthcare M&A

  • 01
    Sub-sector deal history

    "Healthcare" spans behavioral health, home health, physician practices and med device. Ask for deals in your specific niche, not just the broader sector.

  • 02
    Regulatory fluency

    Licensure transfer, payer contracts, and state-specific rules like certificate-of-need can stall or kill a deal if the advisor hasn’t handled them before.

  • 03
    Buyer network

    Healthcare has an active base of PE platforms and strategic acquirers. An advisor’s relationships with the right buyer type matter as much as general reach.

  • 04
    Deal-size fit

    A firm built for $500M health system deals isn’t the right fit for a $10M practice sale, and vice versa.

Deal Size

Healthcare deal-size distribution

Among the 51 firms covering healthcare, by overlapping deal-size band.

$5M–$10M
7
$10M–$25M
20
$25M–$50M
27
$50M–$100M
37
$100M–$250M
41
$250M–$500M
27
$500M–$1B
26
Market Segment

Where healthcare firms concentrate

Lower Middle / Middle Market
13
Middle Market
11
Large Market
9
Lower Middle Market
7
Middle / Large Market
7
Large / Middle Market
4
Ranked Firms

Healthcare firms in the Top 100

Ranked by overall Top 100 research rank, filtered to firms covering healthcare.

View all in directory →
Comparison

Top 3 healthcare-covering firms, compared

 Peakstone GroupCapstone PartnersFOCUS Investment Banking
Overall Rank#1 of 100#2 of 100#3 of 100
HeadquartersChicago, ILBoston, MAVienna, VA
Deal Size$10M–$250M$25M–$500M$10M–$300M
Market SegmentLower Middle / Middle MarketMiddle MarketLower Middle / Middle Market
Other IndustriesConsumer, Business Services, IndustrialsBusiness Services, Industrials, TechnologyTechnology, Industrials, Business Services
Sources

Where this data comes from

Firm rankings & industry tagsAxial Advisor 100, 2026 ↗
Deal-size distributionCalculated from normalized firm-level ranges
Data as ofAug 19, 2026
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