13 M&A advisors active in Detroit healthcare deals in 2026. Covers hospitals, physician groups, behavioral health, and medtech with firm profiles and recent deals.
Detroit's healthcare sector is bigger than most buyers expect. Henry Ford Health, McLaren, and Beaumont anchor a dense regional market.
Hospital M&A hit a five-year high in Q1 2026 with 22 announced deals. Physician group consolidation is accelerating across specialties.
Michigan's health systems are both acquirers and targets. PE and strategic buyers compete for ambulatory care, behavioral health, and medtech assets.
Set up a virtual data room before your first advisor call. Healthcare buyers want organized financials and compliance docs from day one.
| Firm | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| Cascade Partners | Cascade Partners | Both | $10M - $150M | Healthcare, Business Services, Industrials | cascade-partners.com |
| PMCF Investment Banking | PMCF Investment Banking | Both | $10M - $300M | Healthcare, Technology, Business Services | pmcf.com |
| EdgePoint Capital Advisors | EdgePoint Capital Advisors | Both | $10M - $250M | Healthcare, Business Services, Industrials | edgepoint.com |
| Houlihan Lokey | Houlihan Lokey | Both | $50M - $5B | Healthcare, Technology, Business Services | hl.com |
| Amherst Partners | Amherst Partners | Both | $10M - $200M | Healthcare, Technology, Business Services | amherstpartners.com |
| Donnelly Penman & Partners | Donnelly Penman & Partners | Both | $10M - $250M | Healthcare, Manufacturing, Financial Services | donnellypenman.com |
| Lincoln International | Lincoln International | Both | $50M - $2B | Healthcare, Business Services, Technology | lincolninternational.com |
| Robert W. Baird | Robert W. Baird | Both | $50M - $2B | Healthcare, Industrials, Technology | rwbaird.com |
| Piper Sandler | Piper Sandler | Both | $50M - $5B | Healthcare, Financial Services, Technology | pipersandler.com |
| Harris Williams | Harris Williams | Both | $50M - $2B | Healthcare, Industrials, Business Services | harriswilliams.com |
| William Blair | William Blair | Both | $50M - $2B | Healthcare, Business Services, Consumer | williamblair.com |
| Strength Capital Partners | Strength Capital Partners | Both | $5M - $100M | Healthcare, Business Services, Technology | strengthcapital.com |
| FOCUS Investment Banking | FOCUS Investment Banking | Both | $10M - $300M | Healthcare, Technology, Business Services | focusbankers.com |
How to verify an advisor's track record
Ask for a closed deal list in healthcare. A behavioral health boutique won't reach the same buyers as a physician group specialist.
Advisors who know Detroit name Henry Ford Health, McLaren, and Beaumont. Generic Midwest references won't hold up on a reference call.
Check how many deals they closed in the last 24 months. A firm with 8 healthcare closings beats one with 20 starts and 12 closings.
Use Ellty to share your financials with shortlisted advisors under NDA. You'll see who opens your files before your first call. Browse the M&A guide for deal structure basics. See the Detroit M&A advisors guide for cross-sector context. Read the due diligence guide to prep your docs early.
Running a Detroit healthcare deal?
Share financials with buyers under NDA. Track who opens them first.
Start free 14-day trialHow a Detroit healthcare deal runs
Detroit healthcare deals close in four to eight months. Physician groups and ambulatory targets with clean compliance records move faster.
| Stage | What happens | What you need ready | |
|---|---|---|---|
| Stage 1: Preparation | Stage 1: Preparation | Run QoE, build CIM, shortlist advisors by sub-sector | Three years P&L, patient revenue mix, key contracts |
| Stage 2: Advisor engagement | Stage 2: Advisor engagement | Sign engagement letter, align on buyer list | Cap table, compliance records, physician contracts |
| Stage 3: Marketing | Stage 3: Marketing | CIM sent to buyers, NDAs signed, meetings set | Ellty data room live with CIM and financial docs |
| Stage 4: LOI | Stage 4: LOI | Buyers submit bids, LOIs negotiated, exclusivity signed | Clean revenue data, no open compliance issues |
| Stage 5: Due diligence | Stage 5: Due diligence | Buyer reviews contracts, financials, compliance docs | Full Ellty data room: contracts, financials, licenses |
| Stage 6: Close | Stage 6: Close | Purchase agreement signed, funds transfer | Reps and warranties signed, transition plans ready |
13 Detroit healthcare M&A advisors
These 13 firms advise on healthcare M&A in the Detroit region. Coverage spans hospitals, physician groups, behavioral health, and medtech.
1. Cascade Partners
A Detroit-area boutique with a named healthcare M&A practice and active physician group deal coverage.
Recent Deals: Published US Healthcare M&A Update in April 2025 covering sector trends. Active in physician group, behavioral health, and ambulatory surgical center deals nationally. Covers businesses in the $10M-$150M range with senior-led processes. Active in Michigan healthcare M&A through 2025 and 2026.
LinkedIn: Cascade Partners LinkedIn
Sector Focus: Healthcare, business services, industrials, technology
Deal Type: Both
Deal Size: $10M - $150M
Location: Southfield, MI
Website: cascade-partners.com
2. PMCF Investment Banking
A Southfield firm with a dedicated healthcare and medical technology M&A practice since 1995.
Recent Deals: Published Healthcare M&A Pulse reports covering sector deal activity through 2025. Completed 300+ transactions since founding in 1995 across sectors including healthcare. Active in hospital, physician group, and medtech M&A through 2025 and 2026. Works with founder-owned and PE-backed healthcare businesses in the $10M-$300M range.
LinkedIn: PMCF Investment Banking LinkedIn
Sector Focus: Healthcare, medical technology, business services, software
Deal Type: Both
Deal Size: $10M - $300M
Location: Southfield, MI
Website: pmcf.com
3. EdgePoint Capital Advisors
A healthcare-focused bank with deep operational experience and senior-led deal teams.
Recent Deals: Active in healthcare M&A advisory with a focus on ambulatory care and services. Covers physician practices, behavioral health, and healthcare services companies nationally. Works with PE-backed and founder-owned businesses on sell-side transactions. Active in Midwest healthcare M&A through 2025 and 2026.
LinkedIn: EdgePoint Capital Advisors LinkedIn
Sector Focus: Healthcare, business services, industrials, consumer
Deal Type: Both
Deal Size: $10M - $250M
Location: Beachwood, OH (active in Detroit healthcare)
Website: edgepoint.com
4. Houlihan Lokey
The #1 M&A advisor globally in 2025 with one of the largest dedicated healthcare banking teams.
Recent Deals: Ranked #1 globally in M&A with 318 transactions in 2025. Advised on hospital, physician services, and healthcare technology M&A nationally through 2025 and 2026. Covers PE-backed and founder-owned healthcare businesses from $50M to $5B. Active in healthcare services and physician group M&A through 2026.
LinkedIn: Houlihan Lokey LinkedIn
Sector Focus: Healthcare, physician services, healthcare technology, life sciences
Deal Type: Both
Deal Size: $50M - $5B
Location: National (active in Detroit healthcare)
Website: hl.com
5. Amherst Partners
A Birmingham, Michigan firm focused on healthcare and business services since 1994.
Recent Deals: Founded in 1994 with offices in Birmingham, Michigan. Covers healthcare, technology, business services, and industrials M&A nationally. Works with founder-owned businesses in the $10M-$200M range on sell-side transactions. Active in Michigan and Midwest healthcare M&A through 2025 and 2026.
LinkedIn: Amherst Partners LinkedIn
Sector Focus: Healthcare, technology, business services, industrials
Deal Type: Both
Deal Size: $10M - $200M
Location: Birmingham, MI
Website: amherstpartners.com
Selling a Detroit healthcare business?
Set up your data room before advisor outreach. Track who opens it.
Start free 14-day trial6. Donnelly Penman & Partners
A Grosse Pointe Woods firm with a healthcare and manufacturing M&A practice since 1991.
Recent Deals: Active in healthcare, manufacturing, and financial services M&A nationally. Covers founder-owned businesses in the $10M-$250M range seeking exits. Works with Michigan-area healthcare businesses on sell-side and buy-side mandates. Active in Midwest healthcare M&A through 2025 and 2026.
LinkedIn: Donnelly Penman & Partners LinkedIn
Sector Focus: Healthcare, manufacturing, financial services, distribution
Deal Type: Both
Deal Size: $10M - $250M
Location: Grosse Pointe Woods, MI
Website: donnellypenman.com
7. Lincoln International
A global mid-market bank with a dedicated healthcare services M&A practice.
Recent Deals: Filed for US IPO in April 2026, targeting a $1B+ valuation. Active in healthcare, business services, and technology M&A globally. Covers PE-backed and founder-owned healthcare businesses across the US. Active in healthcare services M&A through 2025 and 2026.
LinkedIn: Lincoln International LinkedIn
Sector Focus: Healthcare, business services, technology, industrials
Deal Type: Both
Deal Size: $50M - $2B
Location: National (active in Detroit healthcare)
Website: lincolninternational.com
8. Robert W. Baird
A top mid-market bank with $9.3B in deal value and 39 announced deals in Q1 2026.
Recent Deals: $9.27B in transaction value and 39 deals in Q1 2026 per FactSet. Active in healthcare, industrials, and technology M&A nationally through 2025 and 2026. Covers PE-backed and founder-owned businesses on sell-side exits. Strong in middle-market healthcare sell-side processes.
LinkedIn: Robert W. Baird LinkedIn
Sector Focus: Healthcare, industrials, technology, business services
Deal Type: Both
Deal Size: $50M - $2B
Location: National (active in Detroit healthcare)
Website: rwbaird.com
9. Piper Sandler
A national bank with strong healthcare and financial services M&A coverage in 2025-2026.
Recent Deals: $14.09B in transaction value and 36 deals in Q1 2026 per FactSet. Active in healthcare, financial services, and technology M&A nationally. Covers PE-backed and founder-owned healthcare businesses on exits. Strong in healthcare M&A through 2025 and 2026.
LinkedIn: Piper Sandler LinkedIn
Sector Focus: Healthcare, financial services, technology, consumer
Deal Type: Both
Deal Size: $50M - $5B
Location: National (active in Detroit healthcare)
Website: pipersandler.com
10. Harris Williams
A national mid-market bank with a dedicated healthcare sector practice.
Recent Deals: Active in healthcare, industrials, and business services M&A nationally through 2025 and 2026. Covers PE-backed and founder-owned businesses in the middle market. Works with companies in the $50M-$2B range on sell-side processes. Senior team brings direct healthcare sector expertise to buyer outreach.
LinkedIn: Harris Williams LinkedIn
Sector Focus: Healthcare, industrials, business services, consumer
Deal Type: Both
Deal Size: $50M - $2B
Location: National (active in Detroit healthcare)
Website: harriswilliams.com
11. William Blair
A Chicago bank closing 30+ healthcare transactions per year with PE and founder clients.
Recent Deals: Closes 30+ M&A transactions annually including healthcare sector deals. Active in healthcare, business services, and consumer M&A through 2025 and 2026. Covers founder-led and PE-backed healthcare businesses nationally. Strong in growth-stage healthcare companies targeting premium exits.
LinkedIn: William Blair LinkedIn
Sector Focus: Healthcare, business services, consumer, technology
Deal Type: Both
Deal Size: $50M - $2B
Location: National (active in Detroit healthcare)
Website: williamblair.com
12. Strength Capital Partners
A Detroit-area firm focused on lower middle market healthcare and services deals.
Recent Deals: Active in healthcare, business services, and technology M&A in Michigan. Covers founder-owned businesses in the $5M-$100M enterprise value range. Works with Michigan sellers seeking PE-backed and strategic buyers nationally. Active through 2025 and 2026 in the Detroit region.
LinkedIn: Strength Capital Partners LinkedIn
Sector Focus: Healthcare, business services, technology, manufacturing
Deal Type: Both
Deal Size: $5M - $100M
Location: Detroit, MI
Website: strengthcapital.com
13. FOCUS Investment Banking
A lower middle market bank with a dedicated healthcare M&A advisory practice.
Recent Deals: Active in healthcare advisory covering physician practices and ambulatory care. Covers healthcare services companies in the $10M-$300M range on sell-side transactions. Senior team brings direct sector expertise to buyer outreach and deal execution. Active in healthcare M&A through 2025 and 2026.
LinkedIn: FOCUS Investment Banking LinkedIn
Sector Focus: Healthcare, technology, business services, managed services
Deal Type: Both
Deal Size: $10M - $300M
Location: National (active in Detroit healthcare)
Website: focusbankers.com
Who buys Detroit healthcare companies
Detroit draws PE sponsors, health system acquirers, and national platform operators. Henry Ford Health and Beaumont are active acquirers in 2026.
PE sponsors target physician groups with stable patient volume and low payer concentration. They check compliance records before LOI.
Strategics focus on market share and care delivery expansion. A Detroit ambulatory care business with clean billing draws premium bids.
Use Ellty to share your financial model and contracts with each buyer group separately. Set granular permissions so PE sponsors don't see health system offer terms. Read the private equity guide to understand how PE buyers evaluate healthcare deals. See the Detroit industrials M&A guide for cross-sector context.
What buyers check in Detroit healthcare diligence
Revenue quality and payer mix come first. Buyers discount if more than 40% of revenue comes from a single payer source.
Compliance and licensing follow immediately. Buyers check HIPAA history, billing practices, and state licensing during week one.
Physician retention matters for group practice deals. Buyers check non-competes and key physician dependency before LOI.
Use Ellty to share financial models, compliance records, and contracts in one trackable room. You'll see which buyers reviewed your key files before the management meeting. See the features page to understand what buyers expect in a data room. Read the Austin healthcare M&A advisors guide for comparison with another US market.
PE consolidation in Michigan healthcare for 2026
Physician group PE rollups are active across Michigan in 2026. Orthopedics, gastroenterology, and behavioral health draw the most sponsor interest.
Hospital acquisitions of physician assets increased 17% in 2025 versus 2024. The shift to outpatient care and clinical integration drives that demand.
More than two-thirds of Q1 2026 hospital deals involved a divestiture. Buyers are reshaping portfolios and creating acquisition opportunities.
Use Ellty to share your patient revenue data and physician contracts under NDA. Watermarked trackable links mean you control what each sponsor sees. See the investor relations page for how to organize materials for sponsor review. Read the Denver healthcare M&A advisors guide for context on another growing US market.
How Ellty helps you close an M&A deal in Detroit
You've picked your Detroit healthcare advisor. Set up your data room next. Get buyers reviewing files fast.
- 1.Upload financials, compliance docs, and contractsOrganize by type. Healthcare buyers check revenue and compliance first.
- 2.Set access by buyer type and NDA statusPE sponsors and health system buyers need different document packages.
- 3.Track who reviews your key filesSee which buyers open your revenue model and how long they spend.
Common questions about Detroit healthcare M&A advisors
- Physician groups, ambulatory care, and behavioral health draw the most buyer interest. Medtech and hospital services also see active deal flow in 2025 and 2026.
- Local firms like Cascade Partners and PMCF know the Detroit buyer network. National banks like Houlihan Lokey and Piper Sandler reach more PE platforms.
- Most deals close in four to eight months. Physician groups with clean compliance records can move faster in competitive processes.
- Revenue quality and payer mix come first. Compliance history and physician retention agreements surface in week one of diligence.
- Before your first advisor call. Buyers want organized financials, compliance records, and contracts from day one.
- Cascade Partners, PMCF, Amherst Partners, Strength Capital Partners, and FOCUS Investment Banking all work in the lower middle market.
