11 healthcare M&A advisors active in Minneapolis in 2026. Covers medtech, health IT, behavioral health, and hospital system deals with firm profiles and recent transactions.
Minneapolis is one of the strongest healthcare M&A markets in the US. UnitedHealth Group, Medtronic, and Allina Health anchor an industry base that draws both strategic and PE buyers.
The Sutter Health-Allina merger announced in Q1 2026 signals how active the market is. Hospital M&A hit a five-year high in Q1 2026, and Minneapolis is at the center of that deal flow.
Medtech, health IT, behavioral health, and home health are all active sub-sectors here. Each one has different buyer pools and advisor requirements.
Get your virtual data room organized before you start advisor conversations. Healthcare buyers in Minneapolis expect clean, organized materials from day one.
| Firm | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| TripleTree | TripleTree | Both | $25M - $1B | Health IT, Health Services, Life Sciences | triple-tree.com |
| Piper Sandler | Piper Sandler | Both | $50M - $5B+ | Medtech, Biopharma, Healthcare IT | pipersandler.com |
| Stoneridge Partners | Stoneridge Partners | Both | $5M - $75M | Home Health, Hospice, Behavioral Health | stoneridgepartners.com |
| VMG Health | VMG Health | Both | $10M - $500M | Hospital Systems, Physician Groups, ASCs | vmghealth.com |
| Provident Healthcare Partners | Provident Healthcare Partners | Sell-side | $10M - $300M | Healthcare Services, Behavioral Health, Dental | providenthp.com |
| Kaufman Hall | Kaufman Hall | Both | $50M - $5B+ | Hospital Systems, Health Systems M&A | kaufmanhall.com |
| Houlihan Lokey | Houlihan Lokey | Both | $50M - $5B+ | Healthcare IT, Healthcare Services, Medtech | hl.com |
| Merritt Healthcare Advisors | Merritt Healthcare Advisors | Sell-side | $5M - $150M | Healthcare Services, Home Health, Hospice | merrittadvisory.com |
| MedWorld Advisors | MedWorld Advisors | Both | $2M - $50M | Medical Practices, Dental, Veterinary | medworldadvisors.com |
| Brentwood Capital Advisors | Brentwood Capital Advisors | Both | $10M - $300M | Healthcare IT, Healthcare Technology | brentwoodcap.com |
| Kroll Healthcare | Kroll Healthcare | Both | $25M - $1B | Healthcare IT, Facilities, Behavioral Health | kroll.com |
How to verify an advisor's track record
Ask for a named deal list filtered to your specific healthcare sub-sector. A medtech advisor and a behavioral health advisor operate in completely different buyer pools.
Minneapolis healthcare advisors who know the market can name buyers, close dates, and valuation multiples. Vague references to "completed transactions" are a red flag.
Check whether the advisor has closed deals with both strategic buyers and PE-backed platforms. Hospital systems and private equity sponsors move at different speeds and need different documentation.
Use Ellty to share your financials and CIM with shortlisted advisors under NDA. You can track who opens files before your first call, which tells you who is serious. Compare the broader Minneapolis M&A advisor list to see how healthcare specialists differ from generalists.
Running a healthcare deal in Minneapolis?
Set up your data room before your first advisor meeting.
Start free 14-day trialWhat an M&A deal looks like: 6 stages
Healthcare deals in Minneapolis run six to fourteen months. Hospital system deals and regulatory-heavy transactions take longer than health IT exits.
| Stage | What happens | What you need ready | |
|---|---|---|---|
| Stage 1: Preparation | Stage 1: Preparation | Run QoE, draft CIM, shortlist advisors | Three years P&L, payor mix, compliance certifications |
| Stage 2: Advisor engagement | Stage 2: Advisor engagement | Sign engagement letter, agree on buyer list | Cap table, IP docs, licensing records, key contracts |
| Stage 3: Marketing | Stage 3: Marketing | CIM distributed, NDAs signed, management calls booked | Ellty data room live with CIM, financials, and compliance docs |
| Stage 4: LOI | Stage 4: LOI | Buyers submit bids, LOIs negotiated, exclusivity signed | Clean P&L, current licenses, no compliance gaps |
| Stage 5: Due diligence | Stage 5: Due diligence | Buyer reviews financial, legal, and clinical records | Full Ellty data room with contracts, HR, and regulatory filings |
| Stage 6: Close | Stage 6: Close | Purchase agreement signed, regulatory approvals, funds transfer | Reps and warranties signed, transition agreements complete |
11 top healthcare M&A advisors in Minneapolis
These 11 firms advise on healthcare M&A deals in Minneapolis and the Twin Cities. Coverage spans medtech, health IT, behavioral health, hospital systems, and home health.
1. TripleTree
A Minneapolis-headquartered healthcare investment bank now under Capital One with 275+ advisory transactions since 1997.
- Recent Deals: Advised on the acquisition of Edifecs by Cotiviti (February 2025). 168 total deals as of 2026 including 121 M&A transactions. Active in health IT, healthcare services, and life sciences advisory.
- LinkedIn: TripleTree on LinkedIn
- Sector Focus: Healthcare IT, health services, life sciences, digital health
- Deal Type: Both
- Deal Size: $25M - $1B
- Location: Minneapolis, MN
- Website: triple-tree.com
2. Piper Sandler
Minneapolis-headquartered full-service bank with a dedicated healthcare team covering medtech, biopharma, and health IT.
- Recent Deals: Added Dan Wolf as Managing Director for healthcare technology M&A in January 2026. Elevated new co-heads of healthcare investment banking in January 2026. Identified medtech deal flow in thrombectomy and cardiac monitoring as strong for 2026.
- LinkedIn: Piper Sandler on LinkedIn
- Sector Focus: Medtech, biopharma, healthcare IT, life sciences
- Deal Type: Both
- Deal Size: $50M - $5B+
- Location: Minneapolis, MN and global
- Website: pipersandler.com
3. Stoneridge Partners
A national healthcare advisory firm specializing in home health, hospice, and behavioral health with 25+ years in the market.
- Recent Deals: Advised Heavensent Home Healthcare on sale to strategic buyer (December 2025). Advised Addus HomeCare on acquisition of Del Cielo Home Care Services. Advised Good Samaritan Society and Heritage Home Health Care on sale to New Day Healthcare.
- LinkedIn: Stoneridge Partners on LinkedIn
- Sector Focus: Home health, hospice, home care, behavioral health
- Deal Type: Both
- Deal Size: $5M - $75M
- Location: National (serves Minneapolis market)
- Website: stoneridgepartners.com
4. VMG Health
A healthcare advisory firm covering M&A across hospital systems, physician groups, and ambulatory settings with Minneapolis presence.
- Recent Deals: Acquired Health Care Futures, a strategy firm with Minneapolis-area offices (2025). Published 2025 Healthcare M&A Report noting strong strategic deal valuations. Active in hospital, ASC, and physician group advisory through 2025-2026.
- LinkedIn: VMG Health on LinkedIn
- Sector Focus: Hospital systems, physician groups, ASCs, post-acute care
- Deal Type: Both
- Deal Size: $10M - $500M
- Location: National (Minneapolis coverage)
- Website: vmghealth.com
5. Provident Healthcare Partners
A sell-side specialist covering healthcare services with deep expertise across behavioral health, dental, and home health.
- Recent Deals: Active in behavioral health, dental, and home health M&A advisory through 2025-2026. Closed transactions with PE-backed platforms and strategic acquirers in multiple healthcare sub-sectors. Publishes quarterly healthcare M&A market updates.
- LinkedIn: Provident Healthcare Partners on LinkedIn
- Sector Focus: Healthcare services, behavioral health, dental, home health
- Deal Type: Sell-side
- Deal Size: $10M - $300M
- Location: National (serves Minneapolis market)
- Website: providenthp.com
Selling a Minneapolis healthcare business?
Track which buyers open your financials before you sign an LOI.
Start free 14-day trial6. Kaufman Hall
The leading hospital systems M&A advisory firm, tracking consolidation trends in Minneapolis including the Sutter-Allina merger.
- Recent Deals: Tracked 22 hospital M&A deals in Q1 2026, the highest Q1 count since 2020. Published Q1 2026 report covering the $26B Sutter Health-Allina Health merger affecting Minneapolis. Active in health system strategy and M&A advisory across the US.
- LinkedIn: Kaufman Hall on LinkedIn
- Sector Focus: Hospital systems, health system M&A, strategic planning
- Deal Type: Both
- Deal Size: $50M - $5B+
- Location: National (serves Minneapolis market)
- Website: kaufmanhall.com
7. Houlihan Lokey
The most active global M&A bank by deal count with a healthcare practice spanning health IT, services, and medtech.
- Recent Deals: Named No. 1 global M&A advisor by deal volume in healthcare in 2025. Active in health IT, healthcare services, and medtech advisory in the Midwest. Deep relationships with PE sponsors and strategics across all healthcare sub-sectors.
- LinkedIn: Houlihan Lokey on LinkedIn
- Sector Focus: Healthcare IT, healthcare services, medtech, PE-backed platforms
- Deal Type: Both
- Deal Size: $50M - $5B+
- Location: Minneapolis, MN and global
- Website: hl.com
8. Merritt Healthcare Advisors
The only M&A advisory firm with active clinical operations, giving it an unusual view on healthcare services valuations.
- Recent Deals: Active in healthcare services M&A advisory through 2025-2026. Covers home health, hospice, and behavioral health transactions for founder-owned businesses. Maintains national buyer universe coverage with sub-sector depth.
- LinkedIn: Merritt Healthcare Advisors on LinkedIn
- Sector Focus: Healthcare services, home health, hospice, behavioral health
- Deal Type: Sell-side
- Deal Size: $5M - $150M
- Location: National (serves Minneapolis market)
- Website: merrittadvisory.com
9. MedWorld Advisors
A healthcare-focused M&A firm covering medical practices, dental groups, and veterinary businesses in the lower middle market.
- Recent Deals: Active in medical practice and dental group M&A advisory through 2025-2026. Serves small to medium healthcare businesses with seller prep, buyer marketing, and deal execution. Focuses on physician-owned practice transitions.
- LinkedIn: MedWorld Advisors on LinkedIn
- Sector Focus: Medical practices, dental, veterinary, healthcare services
- Deal Type: Both
- Deal Size: $2M - $50M
- Location: National (serves Minneapolis market)
- Website: medworldadvisors.com
10. Brentwood Capital Advisors
A healthcare IT and technology specialist with 200+ senior-led transactions in health tech M&A advisory.
- Recent Deals: Active in healthcare technology and health IT M&A advisory through 2025-2026. Covers revenue cycle management, EHR, and healthcare software transactions. Senior leadership is involved in every deal across their 200+ completed transaction track record.
- LinkedIn: Brentwood Capital on LinkedIn
- Sector Focus: Healthcare IT, health technology, revenue cycle, EHR
- Deal Type: Both
- Deal Size: $10M - $300M
- Location: National (serves Minneapolis market)
- Website: brentwoodcap.com
11. Kroll Healthcare
A global advisory firm with a dedicated healthcare practice covering healthcare IT, behavioral health, and facilities transactions.
- Recent Deals: Active in healthcare investment banking across IT, facilities, behavioral health, and home health M&A through 2025-2026. Part of Kroll's global advisory platform with deep sub-sector expertise and buyer relationships across the US.
- LinkedIn: Kroll Healthcare on LinkedIn
- Sector Focus: Healthcare IT, behavioral health, facilities, home health
- Deal Type: Both
- Deal Size: $25M - $1B
- Location: National (serves Minneapolis market)
- Website: kroll.com
Medtech M&A in Minneapolis
Medtech is a defining sector for Minneapolis M&A. Medtronic and a dense network of device startups make the Twin Cities one of the top medtech deal markets in the US.
Medtech deal value reached $36.5 billion in H1 2026, following a decade-high year in 2025. Diagnostics, surgical robotics, and cardiovascular are the most active categories right now.
Your advisor needs current medtech multiple data and direct relationships with strategic device buyers. Piper Sandler and TripleTree both have dedicated medtech practices with Minneapolis coverage.
Use Ellty to organize your IP documentation, regulatory filings, and clinical data before buyer outreach. Healthcare buyers checking due diligence materials review technical records early. Disorganized IP docs slow medtech deals significantly. See how medtech advisory compares in another strong market with the Chicago healthcare M&A advisors list.
Health IT M&A in the Twin Cities
Minneapolis has a strong health IT M&A market driven by UnitedHealth Group's Optum platform and a dense bench of health technology startups. Strategic buyers are active here.
Health IT transactions are concentrated in revenue cycle management, care coordination, and AI-enabled clinical tools. PE-backed platforms are rolling up smaller health IT businesses aggressively in 2026.
Buyers are paying premium multiples for health IT companies with recurring SaaS revenue and clean data integrations. Your advisor needs to understand the health IT buyer universe, not just generic tech M&A.
Use Ellty to share your customer contracts, SaaS metrics, and integration documentation with buyers. Set email-required access on sensitive commercial terms in your virtual data room. Track which buyers review your product documentation before the first call. See how health IT advisory works in another market with the New York healthcare M&A advisors list.
Hospital and behavioral health consolidation
Minneapolis is seeing major hospital system M&A activity in 2026. The planned $26B Sutter Health-Allina Health merger is the largest health system deal announced so far this year.
Behavioral health is the other active consolidation category. PE-backed platforms are acquiring home health, hospice, and behavioral health providers across Minnesota at a steady pace through 2026.
Both types of deals need specialized advisory. Hospital system M&A involves regulatory review and community benefit analysis. Behavioral health deals focus on payor mix and clinical outcomes data.
Use Ellty to organize compliance certifications, licensing records, and payor contracts in a structured data room. Use granular permissions to control which buyers see your most sensitive payor agreements. Buyers in private equity check these records carefully before engaging. See the broader mergers and acquisitions resource for how deal process standards differ by transaction type.
How Ellty helps you close an M&A deal in Minneapolis
You've shortlisted your healthcare advisor. Here's how to prepare your deal docs for buyers.
- 1.Upload compliance docs, contracts, and financials to your data roomOrganize files by category before uploading. Healthcare buyers check compliance first.
- 2.Set access permissions by buyer and NDA statusRequire email verification before buyers see your P&L. Add passwords for payor contracts.
- 3.Track which buyers review your key docs and financialsSee who opens your files and how long they spend. Serious buyers check compliance early.
Common questions about Minneapolis healthcare M&A advisors
- Minneapolis is home to UnitedHealth Group, Medtronic, and Allina Health. That base drives consistent deal flow in health IT, medtech, and hospital systems year over year.
- Piper Sandler and TripleTree have the strongest medtech track records in Minneapolis. Both can name recent closed deals with buyer names and transaction values.
- Health IT companies with recurring SaaS revenue command 8x to 14x EBITDA. Healthcare services trade at 5x to 9x depending on payor mix and growth rate.
- Most health IT and services deals run six to ten months. Hospital system and regulatory-heavy deals run twelve to eighteen months due to approvals.
- Before your first advisor meeting. Organized compliance docs and financials signal deal readiness. Healthcare buyers move fast on well-prepared sellers.
- TripleTree and Piper Sandler offer local Minneapolis presence with national buyer reach. For home health or behavioral health, national specialists like Stoneridge often outperform local generalists.
