11 healthcare M&A advisors active in Denver in 2026. Covers behavioral health, physician groups, medtech, and hospital deals with firm profiles and recent transactions.
Colorado's healthcare sector is one of the most active M&A markets in the Mountain West.
Behavioral health deal volume rose 17% in 2025 nationally. Denver-based providers were part of that wave.
Physician group consolidation is also moving fast. Private equity platforms are adding Colorado practices across multiple specialties.
Before you call an advisor, set up a virtual data room with your financials and compliance files. Healthcare buyers move fast and expect clean docs from the first meeting.
| Firm | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| Quadriga Partners | Quadriga Partners | Both | $10M - $300M | Physician, Pharma, Medtech, Behavioral Health | quadrigapartners.com |
| Houlihan Lokey | Houlihan Lokey | Both | $50M - $5B+ | Healthcare Services, Medtech, Hospitals, PE-backed | hl.com |
| The Braff Group | The Braff Group | Sell-side | $5M - $150M | Behavioral Health, Home Health, Hospice | thebraffgroup.com |
| Mertz Taggart | Mertz Taggart | Sell-side | $5M - $100M | Behavioral Health, Home Health, Hospice, Autism | mertztaggart.com |
| Juniper Advisory | Juniper Advisory | Both | $50M - $5B+ | Nonprofit Hospitals, Health Systems | juniperadvisory.com |
| VMG Health | VMG Health | Both | $10M - $1B | Physician Groups, Hospitals, Specialty Care | vmghealth.com |
| Flatirons Capital Advisors | Flatirons Capital Advisors | Sell-side | $5M - $100M | Healthcare Services, Industrials, Consumer | flatironscap.com |
| SDR Ventures | SDR Ventures | Sell-side | $2M - $75M | Healthcare Services, Tech-Enabled, Industrials | sdrventures.com |
| Brentwood Capital Advisors | Brentwood Capital Advisors | Both | $20M - $500M | Healthcare Services, Behavioral Health, Home Health | brentwoodcap.com |
| BGL (Brown Gibbons Lang) | BGL (Brown Gibbons Lang) | Both | $25M - $1B | Healthcare Facilities, Hospital Services, Life Sciences | bglco.com |
| Merritt Advisory | Merritt Advisory | Both | $5M - $200M | Healthcare IT, Healthcare Services, Home Health | merrittadvisory.com |
How to check a healthcare advisor's record
Ask for a deal list filtered to your sub-sector. A behavioral health advisor and a hospital M&A banker reach different buyer pools.
Advisors who know the Denver market can name Colorado-specific deals and closed dates. Vague claims of "healthcare experience" without transaction specifics are a warning sign.
Check whether they've worked with both PE-backed buyers and nonprofit health systems. Colorado's market draws both types regularly.
Use Ellty to share your compliance files and financials with shortlisted advisors under NDA. You'll see who opens your documents before your first call. Review the full advisors directory before you sign an engagement letter.
Running a healthcare deal in Denver?
Share deal docs with buyers and track who opens them first.
Start free 14-day trialHow a Denver healthcare deal runs
Healthcare M&A in Denver typically runs six to twelve months. Behavioral health and physician group deals can close faster.
| Stage | What happens | What you need ready | |
|---|---|---|---|
| Stage 1: Preparation | Stage 1: Preparation | Run QoE, build CIM, shortlist healthcare advisors | Three years P&L, payer mix, licensing records |
| Stage 2: Advisor engagement | Stage 2: Advisor engagement | Sign engagement letter, align on buyer list | Compliance docs, accreditation records, cap table |
| Stage 3: Marketing | Stage 3: Marketing | CIM distributed, NDAs signed, management calls set | Ellty data room live with CIM, payer mix, and licenses |
| Stage 4: LOI | Stage 4: LOI | Buyers submit bids, LOIs negotiated, exclusivity signed | Clean billing records, no open regulatory actions |
| Stage 5: Due diligence | Stage 5: Due diligence | Buyer reviews financial, clinical, and legal records | Full Ellty data room: HR, compliance, payer contracts |
| Stage 6: Close | Stage 6: Close | Purchase agreement signed, regulatory approvals, close | Reps and warranties signed, transition plans ready |
11 healthcare M&A advisors in Denver
These 11 firms advise on healthcare M&A in Denver and Colorado. Coverage spans behavioral health, physician groups, hospitals, medtech, and home health.
1. Quadriga Partners
A Denver healthcare investment bank working exclusively in healthcare M&A since 2009.
Recent Deals: Advised Chase Medical Research on acquisition by PhaseWell (March 2026). Active in physician, pharma, medtech, and health sector transactions through 2025-2026. Has facilitated 13 deals including 8 M&A transactions as of May 2026.
LinkedIn: Quadriga Partners LinkedIn
Sector Focus: Physician groups, pharmaceuticals, medtech, behavioral health
Deal Type: Both
Deal Size: $10M - $300M
Location: Denver, CO and Atlanta, GA
Website: quadrigapartners.com
2. Houlihan Lokey
The No. 1 global M&A advisor by deal count in 2025, with a dedicated healthcare group.
Recent Deals: Named No. 1 global M&A advisor with 458 closed deals in 2025. Healthcare group advises on hospitals, medtech, healthcare services, and PE-backed platforms. Active in healthcare M&A advisory nationally through 2025-2026.
LinkedIn: Houlihan Lokey LinkedIn
Sector Focus: Healthcare services, medtech, hospitals, PE-backed platforms
Deal Type: Both
Deal Size: $50M - $5B+
Location: National (serves Denver market)
Website: hl.com
3. The Braff Group
A healthcare-only sell-side firm with deep expertise in behavioral health exits.
Recent Deals: Behavioral health M&A deal volume rose 17% in 2025, a trend The Braff Group tracked closely. Active in behavioral health, home health, and hospice sell-side mandates through 2025-2026. Advises founders and operators selling healthcare services businesses nationally.
LinkedIn: The Braff Group LinkedIn
Sector Focus: Behavioral health, home health, hospice, specialty care
Deal Type: Sell-side
Deal Size: $5M - $150M
Location: Pittsburgh, PA (serves Denver/Colorado market)
Website: thebraffgroup.com
4. Mertz Taggart
A behavioral health M&A boutique that advised on a Colorado addiction treatment deal.
Recent Deals: Advised on sale of Jaywalker Lodge, a Colorado drug rehabilitation facility (2025). Completed 47 behavioral health transactions in Q1 2025, the most since Q4 2022. Active in addiction treatment, mental health, and autism M&A through 2025-2026.
LinkedIn: Mertz Taggart LinkedIn
Sector Focus: Behavioral health, home health, hospice, autism services
Deal Type: Sell-side
Deal Size: $5M - $100M
Location: Fort Myers, FL (active in Colorado market)
Website: mertztaggart.com
5. Juniper Advisory
The leading independent advisor for nonprofit hospital partnerships and health system M&A.
Recent Deals: Promoted three new Partners in May 2026 to expand hospital M&A coverage. Active in nonprofit hospital partnerships and health system transactions through 2025-2026. Advises health systems on complex merger and acquisition transactions nationally.
LinkedIn: Juniper Advisory LinkedIn
Sector Focus: Nonprofit hospitals, health systems, academic medical centers
Deal Type: Both
Deal Size: $50M - $5B+
Location: Chicago, IL (serves national market including Denver)
Website: juniperadvisory.com
Selling a Denver healthcare business?
Track which buyers open your compliance docs before you sign an LOI.
Start free 14-day trial6. VMG Health
A healthcare-only advisory firm with expertise in physician group and hospital transactions.
Recent Deals: Published 2026 Healthcare M&A Report covering all major subsectors. Acquired Burrows Consulting to expand advisory capabilities (December 2025). Active in physician group, hospital, and specialty care M&A through 2025-2026.
LinkedIn: VMG Health LinkedIn
Sector Focus: Physician groups, hospitals, specialty care, joint ventures
Deal Type: Both
Deal Size: $10M - $1B
Location: Dallas, TX (active in Colorado market)
Website: vmghealth.com
7. Flatirons Capital Advisors
A Denver lower middle market firm with senior-led execution on healthcare services exits.
Recent Deals: Advised Denver Plumber and HVAC on sale to Prime Home Services (June 2025). Advised 5th Gear Auto on acquisition by O2 Investments (December 2025). Active in healthcare services and lower middle market M&A in Colorado through 2025-2026.
LinkedIn: Flatirons Capital Advisors LinkedIn
Sector Focus: Healthcare services, industrials, consumer
Deal Type: Sell-side
Deal Size: $5M - $100M
Location: Denver, CO
Website: flatironscap.com
8. SDR Ventures
A Denver investment bank covering healthcare-enabled services, ranked on Axial's Top 50.
Recent Deals: Advised Parks Medical Electronics on acquisition by JLL Partners (January 2026). Advised Xybix on acquisition by Highland Rim Capital (February 2026). Active in healthcare-enabled services M&A in Colorado through 2025-2026.
LinkedIn: SDR Ventures LinkedIn
Sector Focus: Healthcare services, tech-enabled services, industrials
Deal Type: Sell-side
Deal Size: $2M - $75M
Location: Denver, CO
Website: sdrventures.com
9. Brentwood Capital Advisors
A healthcare services boutique with dedicated behavioral health and home-based care coverage.
Recent Deals: Active in behavioral health, home health, and hospice M&A nationally through 2025-2026. Covers physician groups, home care, and behavioral health provider transactions. Advises founders and PE sponsors on healthcare services sell-side mandates.
LinkedIn: Brentwood Capital Advisors LinkedIn
Sector Focus: Healthcare services, behavioral health, home health, hospice
Deal Type: Both
Deal Size: $20M - $500M
Location: Nashville, TN (active in Colorado market)
Website: brentwoodcap.com
10. BGL (Brown Gibbons Lang)
A national healthcare facilities and life sciences M&A bank with hospital sector expertise.
Recent Deals: Active in healthcare facilities, hospital services, and life sciences M&A through 2025-2026. Covers diagnostics, surgical facilities, and specialty hospitals nationally. Advises healthcare companies on sell-side and capital raise mandates.
LinkedIn: BGL LinkedIn
Sector Focus: Healthcare facilities, hospital services, life sciences, diagnostics
Deal Type: Both
Deal Size: $25M - $1B
Location: Chicago, IL (national coverage including Denver)
Website: bglco.com
11. Merritt Advisory
A healthcare M&A boutique covering healthcare IT, home health, and services transactions.
Recent Deals: Active in healthcare IT, home health, and healthcare services M&A through 2025-2026. Advises founders and operators on sell-side and buy-side healthcare mandates. Covers physician practice management, home-based care, and digital health.
LinkedIn: Merritt Advisory LinkedIn
Sector Focus: Healthcare IT, healthcare services, home health, physician practices
Deal Type: Both
Deal Size: $5M - $200M
Location: National (serves Denver market)
Website: merrittadvisory.com
Behavioral health M&A in Denver
Denver-based addiction treatment providers are consolidating. AspenRidge Recovery and Colorado Medication-Assisted Recovery merged in early 2025.
Behavioral health deal volume nationally hit 180 transactions in 2025. Mental health and autism services drove most of that gain.
Colorado's behavioral health market draws PE buyers adding platform scale. Advisors with direct PE relationships in this sub-sector close faster.
Use Ellty to share clinical outcomes data and licensing files with buyers under NDA. Set granular permissions so each buyer sees only what their NDA covers. Track who opens your compliance files before your first management call. See how other markets approach these deals at the Charlotte healthcare M&A advisors page.
Physician group consolidation in Denver
Physician practice management deals ran at roughly 230 total US transactions in H1 2025. Colorado is part of that wave.
GI Alliance expanded across Colorado by acquiring Urology America and its 110+ providers. Together Women's Health is active in Colorado with 20 practices and 175 providers.
Consolidators target multi-location groups with stable payer contracts and clean compliance records. Gaps in billing records or open regulatory actions stop deals cold.
Use Ellty to share your payer mix, billing history, and provider agreements with interested buyers. Require email verification before any buyer downloads your patient volume data. Track engagement before you enter exclusivity negotiations. Learn about types of mergers and acquisitions before you choose your deal structure.
Medical device and diagnostics deals in Denver
Colorado's medtech sector is seeing renewed M&A interest in 2026. PwC's 2026 health industries outlook cites diagnostics as a priority sub-sector.
Abbott's Exact Sciences deal and Blackstone-TPG's Hologic acquisition signal medtech is heating up. Buyers are adding diagnostic and device assets aggressively in 2025-2026.
Your advisor needs relationships with both strategic acquirers and PE buyers targeting medtech. The buyer pools for devices and diagnostics don't always overlap.
Use Ellty to share technical specs, IP ownership records, and FDA filing history with buyers. Read the merger vs acquisition guide to understand how asset sales differ from company sales. Check the Denver energy M&A advisors page to see how deal structure varies by sector. Use investor relations resources to understand what strategic buyers look for.
How Ellty helps you close an M&A deal in Denver
You've shortlisted your Denver healthcare advisor. Here's how to prep your deal docs.
- 1.Upload compliance files, payer contracts, and financialsOrganize files by category. Healthcare buyers check licensing docs on day one.
- 2.Set access permissions by buyer and NDA statusRequire email before buyers see your payer mix. Add passwords for sensitive HR files.
- 3.Track which buyers review your key documentsSee who opens your billing data and how long they spend on it.
Common questions about Denver healthcare M&A advisors
- Colorado has active behavioral health, physician group, and medtech sectors. Denver draws both PE buyers and strategic acquirers year-round.
- Mertz Taggart advised on the Jaywalker Lodge Colorado deal. The Braff Group tracks national behavioral health deal flow and serves sellers nationally.
- Most deals run six to twelve months. Behavioral health and physician group deals with active buyers can close in four to six months.
- Before your first advisor meeting. Healthcare buyers expect clean payer contracts and compliance docs from the very first call.
- Quadriga Partners and SDR Ventures know the local Colorado market. National firms like Houlihan Lokey reach more PE buyers for larger deals.
- Licensing, payer contracts, compliance records, and billing history. Any gaps in these slow the process or kill the deal.
