12 healthcare M&A advisors active in Austin in 2026. Covers physician groups, behavioral health, home care, and hospital deals with firm profiles and recent transactions.
Texas led the US in healthcare M&A volume in 2025, with 69 closed deals. Austin sits at the center of that activity.
Physician group consolidation, behavioral health exits, and home care roll-ups all closed in Austin last year. PE sponsors and health systems compete hard for these assets.
The right advisor knows which buyer pool fits your healthcare sub-sector. A home care boutique and a hospital banker reach very different acquirers.
Set up a virtual data room before your first advisor meeting. Healthcare buyers check payor contracts and licensure on day one.
| Firm | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| Agenda Health | Agenda Health | Sell-side | $5M - $100M | Home Health, Hospice, Behavioral Health | agendahealth.com |
| pH Partners | pH Partners | Both | $20M - $300M | Healthcare, Technology, Consumer | phpartners.com |
| VERTESS | VERTESS | Both | $2M - $75M | Behavioral Health, Home Care, DME, Pharmacy | vertess.com |
| American Healthcare Capital | American Healthcare Capital | Sell-side | $2M - $50M | Home Care, Home Health, Hospice, Behavioral Health | americanhealthcarecapital.com |
| Triple-Tree | Triple-Tree | Both | $50M - $1B | Healthcare IT, Health Services, Life Sciences | triple-tree.com |
| VMG Health | VMG Health | Both | $10M - $500M | Physician Groups, Hospitals, ASCs | vmghealth.com |
| Lincoln International | Lincoln International | Both | $50M - $2B | Healthcare, Technology, PE-backed | lincolninternational.com |
| Capstone Partners | Capstone Partners | Both | $10M - $500M | Healthcare, Technology, Business Services | capstonepartners.com |
| Benchmark International | Benchmark International | Both | $5M - $250M | Multi-sector, Healthcare, Business Services | benchmarkintl.com |
| Edgemont Partners | Edgemont Partners | Both | $25M - $500M | Healthcare Services, Healthcare IT | edgemontpartners.com |
| FOCUS Investment Banking | FOCUS Investment Banking | Both | $5M - $200M | Healthcare, Technology, Business Services | focusbankers.com |
| PCE Investment Bankers | PCE Investment Bankers | Both | $10M - $300M | Healthcare, Technology, Business Services | pcecompanies.com |
How to verify an advisor's track record
Ask for a closed deal list by healthcare sub-sector. A home care specialist reaches different buyers than a hospital banker.
Advisors who know Austin healthcare can name closed deals with buyers and dates. Vague claims of "healthcare experience" without transactions are a red flag.
Check whether they've worked on payor contract transfers, Medicare certification, and CON issues. These are deal points that generalist advisors miss.
Use Ellty to share your financials with shortlisted advisors under NDA. You'll see who opens your docs before the first call. See the full advisors directory before signing an engagement letter. Compare timelines using the due diligence timeline guide.
Running an Austin healthcare deal?
Share payor contracts and clinical records with buyers. Track who opens them.
Start free 14-day trialHow an Austin healthcare deal runs
Austin healthcare M&A typically runs six to ten months. Payor credentialing, licensure transfers, and CON reviews add time.
| Stage | What happens | What you need ready | |
|---|---|---|---|
| Stage 1: Preparation | Stage 1: Preparation | Run QoE, build CIM, shortlist healthcare advisors | Three years P&L, payor mix, licensure records |
| Stage 2: Advisor engagement | Stage 2: Advisor engagement | Sign engagement letter, align on buyer list | Cap table, key contracts, Medicare certifications |
| Stage 3: Marketing | Stage 3: Marketing | CIM distributed, NDAs signed, management calls set | Ellty data room live with CIM and payor contracts |
| Stage 4: LOI | Stage 4: LOI | Buyers submit bids, LOIs negotiated, exclusivity signed | Clean payor data, no open billing audits |
| Stage 5: Due diligence | Stage 5: Due diligence | Buyer reviews clinical, financial, and legal records | Full Ellty data room: licenses, payor mix, financials |
| Stage 6: Close | Stage 6: Close | Purchase agreement signed, funds transfer | Reps and warranties signed, transition plans ready |
12 Austin healthcare M&A advisors
These 12 firms advise on healthcare M&A in Austin and across Texas. Coverage spans physician groups, home care, behavioral health, and hospital systems.
1. Agenda Health
The most active home health and hospice M&A advisor in the US in 2025.
Recent Deals: Advised Creach Family Holdings on its acquisition of Freudenthal Home-Based Healthcare (2025). Advised New Day Healthcare on its acquisition of Dunes Hospice (2025). Advised Uplift Hospice on its acquisition of Star of Texas Hospice in Houston (2025).
LinkedIn: Agenda Health LinkedIn
Sector Focus: Home health, hospice, personal care, behavioral health
Deal Type: Sell-side
Deal Size: $5M - $100M
Location: Austin, TX
Website: agendahealth.com
2. pH Partners
An Austin boutique with $20B+ in strategic advisory and $15B+ in capital raised.
Recent Deals: Advised VeruStat on its asset sale to CoachCare, a remote patient monitoring company (2025). Active in healthcare IT, life sciences, and tech-enabled services M&A. Offices in Austin, Houston, Minneapolis, Portland, and New York.
LinkedIn: pH Partners LinkedIn
Sector Focus: Healthcare, technology, consumer, life sciences
Deal Type: Both
Deal Size: $20M - $300M
Location: Austin, TX
Website: phpartners.com
3. VERTESS
A healthcare-only M&A firm covering behavioral health, home care, DME, and pharmacy.
Recent Deals: Active in behavioral health, I/DD, home care, and pharmacy M&A nationally in 2025. Named one of Axial's top lower-middle-market healthcare advisors in 2025. Offices in Dallas-Fort Worth and Austin.
LinkedIn: VERTESS LinkedIn
Sector Focus: Behavioral health, home care, DME, pharmacy, urgent care
Deal Type: Both
Deal Size: $2M - $75M
Location: Austin, TX (also DFW)
Website: vertess.com
4. American Healthcare Capital
A national healthcare M&A firm with 400+ completed transactions in home-based care.
Recent Deals: Active in home health, hospice, home care, and behavioral health M&A nationally through 2025-2026. Advises owners of Medicare-certified agencies and personal care businesses. Known for deep payor-mix analysis and license transfer expertise.
LinkedIn: American Healthcare Capital LinkedIn
Sector Focus: Home care, home health, hospice, behavioral health
Deal Type: Sell-side
Deal Size: $2M - $50M
Location: National (serves Austin market)
Website: americanhealthcarecapital.com
5. Triple-Tree
A healthcare-focused investment bank covering health services, healthcare IT, and life sciences.
Recent Deals: Published weekly M&A updates tracking healthcare sector transactions through 2025. Active in healthcare IT and health services M&A nationally through 2025-2026. Advises PE-backed and founder-owned healthcare businesses on sell-side mandates.
LinkedIn: Triple-Tree LinkedIn
Sector Focus: Healthcare IT, health services, life sciences
Deal Type: Both
Deal Size: $50M - $1B
Location: National (serves Austin market)
Website: triple-tree.com
Selling an Austin healthcare business?
Track which buyers open your payor contracts and clinical records.
Start free 14-day trial6. VMG Health
A healthcare valuation and M&A advisory firm with deep physician group expertise.
Recent Deals: Hosted a 2025 healthcare M&A trends and 2026 outlook webinar for advisors and executives. Active in physician group, hospital, and ASC M&A through 2025-2026. Known for Fair Market Value work on physician compensation and complex deals.
LinkedIn: VMG Health LinkedIn
Sector Focus: Physician groups, hospitals, ASCs, healthcare valuation
Deal Type: Both
Deal Size: $10M - $500M
Location: Dallas, TX (active in Austin market)
Website: vmghealth.com
7. Lincoln International
A global mid-market bank with active healthcare and PE-backed company coverage.
Recent Deals: Closed 430+ transactions in 2025 across technology and healthcare sectors. Net income up 31% year over year in 2025. Active in healthcare, technology, and PE-backed company M&A nationally through 2025-2026.
LinkedIn: Lincoln International LinkedIn
Sector Focus: Healthcare, technology, PE-backed, business services
Deal Type: Both
Deal Size: $50M - $2B
Location: National (serves Austin market)
Website: lincolninternational.com
8. Capstone Partners
A national middle-market bank with a dedicated healthcare services practice.
Recent Deals: Published 2026 healthcare M&A outlook covering sector deal trends. Active in healthcare services, technology, and business services M&A nationally. Covers PE-backed and founder-owned businesses in healthcare through 2025-2026.
LinkedIn: Capstone Partners LinkedIn
Sector Focus: Healthcare, technology, business services, industrials
Deal Type: Both
Deal Size: $10M - $500M
Location: National (serves Austin market)
Website: capstonepartners.com
9. Benchmark International
A global M&A firm with Austin office covering multi-sector mandates including healthcare.
Recent Deals: Active in lower middle-market healthcare and business services M&A in Texas through 2025-2026. Averages 193 deal closings per year nationally. Operates from Austin with a national and international buyer network.
LinkedIn: Benchmark International LinkedIn
Sector Focus: Healthcare, business services, multi-sector
Deal Type: Both
Deal Size: $5M - $250M
Location: Austin, TX
Website: benchmarkintl.com
10. Edgemont Partners
A healthcare-focused investment bank with coverage of services and healthcare IT.
Recent Deals: Active in healthcare services and healthcare IT M&A nationally through 2025-2026. Advises PE-backed and founder-owned healthcare businesses on M&A mandates. Known for physician practice management and value-based care deals.
LinkedIn: Edgemont Partners LinkedIn
Sector Focus: Healthcare services, healthcare IT, value-based care
Deal Type: Both
Deal Size: $25M - $500M
Location: National (serves Austin market)
Website: edgemontpartners.com
11. FOCUS Investment Banking
A national middle-market bank with a healthcare practice covering physician groups.
Recent Deals: Publishes physician practice M&A multiples data annually. Active in healthcare, technology, and business services M&A through 2025-2026. Covers lower-middle-market healthcare founder-owned businesses on sell-side mandates.
LinkedIn: FOCUS Investment Banking LinkedIn
Sector Focus: Healthcare, physician groups, technology, business services
Deal Type: Both
Deal Size: $5M - $200M
Location: National (serves Austin market)
Website: focusbankers.com
12. PCE Investment Bankers
A healthcare-specialist middle-market bank with regular sector M&A update reports.
Recent Deals: Publishes quarterly healthcare M&A update reports for advisors and owners. Active in healthcare services, technology, and business services M&A through 2025-2026. Advises physician groups, home care businesses, and healthcare IT companies.
LinkedIn: PCE Investment Bankers LinkedIn
Sector Focus: Healthcare, physician groups, healthcare IT, business services
Deal Type: Both
Deal Size: $10M - $300M
Location: National (serves Austin market)
Website: pcecompanies.com
Physician group M&A in Austin in 2025-2026
Austin's physician group market stayed active through 2025. Hospital acquisitions of physician assets rose 17% nationally that year.
St. David's HealthCare acquired Cardiothoracic and Vascular Surgeons in Austin in 2025. Health systems are consolidating specialist practices across the metro.
Physician groups in primary care, cardiology, and orthopedics all attracted PE and health system buyers. Clean billing records and no open audits drive the best outcomes.
Use Ellty to share billing records, payor contracts, and corporate records in a secure file sharing environment. Set permissions per buyer and NDA stage. Read the acquisition due diligence guide before engaging an advisor. Compare merger vs. acquisition structures before you sign an LOI.
Behavioral health M&A in Austin
Behavioral health M&A in Texas held firm in 2025. I/DD and autism services drew strong interest from PE consolidators.
Agenda Health completed 10 behavioral health transactions nationally in 2025. Three involved I/DD providers - a sub-sector with resilient valuations.
PE buyers look for programs with Medicaid waiver contracts and strong staff retention. Clean contracts and no billing compliance gaps matter most here.
Use Ellty to share Medicaid contracts and licensure records with shortlisted buyers. Set granular permissions so sensitive program data stays protected. Compare general Austin advisors on the Austin M&A advisors page before narrowing to healthcare specialists. Review the hard vs. soft due diligence guide to understand what buyers check first.
Getting payor contracts and licensure ready
Most Austin healthcare founders underestimate how much document prep is required. Buyers move to payor contract review in the first week of diligence.
You'll need current Medicare and Medicaid certifications, payor contracts, and three years of billing data. Missing any of these adds weeks to due diligence.
Plan for CON issues if your deal involves a hospital or ASC sale in Texas. License transfers require advance planning and state approval.
Set up your Ellty data room before the first advisor call. Organize payor contracts, licenses, and financial records in one place for buyers. Healthcare companies and startups both benefit from well-organized data rooms before buyer outreach. Track who opens sensitive files with Ellty analytics before management calls begin.
How Ellty helps you close an M&A deal in Austin
You've picked your Austin healthcare advisor. Set up your data room next.
- 1.Upload payor contracts, licenses, and financialsOrganize files by type. Austin healthcare buyers check payor mix on day one.
- 2.Set access by buyer type and NDA statusHealth system buyers and PE sponsors need different document sets.
- 3.Track who reviews your payor contractsSee which buyers open your key files and how long they spend.
Common questions about Austin healthcare M&A advisors
- Physician groups, home health, hospice, and behavioral health are the most active. PE buyers and health systems compete for all four.
- Agenda Health is the most active home health and hospice M&A advisor in the US. American Healthcare Capital also covers home-based care.
- Local advisors know Austin payor networks and buyer pools. National firms reach more PE sponsors across the country.
- Most Austin healthcare deals run six to ten months. Payor credentialing and license transfers add time beyond typical M&A timelines.
- Before your first advisor call. Buyers expect payor contracts, licensure, and billing records ready from day one.
- Payor contracts, Medicare and Medicaid certifications, billing records, and three years of financials. Gaps in any area slow the deal.
