2025 Outlook
PHYSICIAN PRACTICE MANAGEMENT (PPM) WHITE PAPER
The Physician Practice Management (PPM) sector continues to be one of the strongest sectors for investment across healthcare services M&A. Check out Ziegler’s 2025 Outlook for the PPM sector with our thoughts on key areas for investment, the impact of private equity’s role in PPM, and the future of value-based care models. Ziegler has represented on over $6 billion of PPM transactions and looks forward to another active year advising both sponsor-backed and privately-owned physician groups on M&A opportunities.
ZIEGLER’S LEADING PHYSICIAN ADVISORY PRACTICE
Ziegler is one of the leading advisors to physician groups on mergers, acquisitions, joint ventures, partnerships and private equity transactions
- Decades of experience advising physician groups across the country on over $5 billion of transactions
- 100+ year-old employee-owned firm with roots in providing investment banking services to hospitals, physician groups and healthcare facilities
- High-touch service model with senior banker involvement and personalized attention dedicated to each transaction
- Demonstrated track record of helping our clients achieve highly successful outcomes
- Frequent lines of dialogue into all the relevant strategic acquirers and private equity groups
- Deep understanding of the importance of preserving the cultural elements of the practice
- Advisor to the physician group, not the buyer or investor
- Our reputation is built on providing honest, unbiased advice
- We forge lasting partnerships with our clients and are deeply invested in their long-term success
ZIEGLER’S VAST DOMAIN EXPERTISE AND EXPERIENCE IS DEMONSTRATED BY A STRONG TRACK RECORD OF SUCCESS
Meet Andy Colbert, a senior managing director, in Ziegler’s Healthcare Investment Banking practice focused on advising physician practices.
LEADING ADVISOR TO PHYSICIAN GROUPS ON M&A, JOINT VENTURES, AND STRATEGIC INITIATIVES ACROSS THE U.S.
~45
HEALTHCARE M&A BANKERS
155
TRANSACTIONS OVER LAST 10 YEARS
$13.2B
TOTAL TRANSACTION VALUE
~120
YEARS OF SERVICE IN HEALTHCARE
62
PHYSICAN DEALS ON ZIEGLER PLATFORM
~$6.2B
PHYSICIAN TRANSACTION VALUE
SECTOR EXPERTISE
ADVISORY SERVICES
WHAT OUR CLIENTS SAY
*This client’s experience may not be representative of the experience of other clients, nor is it indicative of future performance or success.
SELECT PHYSICIAN GROUP TRANSACTION EXPERIENCE

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Sell-Side Advisor

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In the sale of imaging centers to

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Sell-Side Advisor

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Financial Advisor

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Financial Advisor

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Financial Advisor

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Sell-Side Advisor

In the sale of its Medicare operations to

Sell-Side Advisor

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SELL-SIDE ADVISOR

In a growth equity financing
ADVISOR

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FINANCIAL ADVISOR

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SELL-SIDE ADVISOR

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SELL-SIDE ADVISOR

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ADVISOR

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SELL-SIDE ADVISOR

In a private equity investment by

SELL-SIDE ADVISOR

In the sale of 4 ambulatory surgery centers

SELL-SIDE ADVISOR

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SELL-SIDE ADVISOR

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SELL-SIDE ADVISOR

In the sale of MSO to

SELL-SIDE ADVISOR

In the sale of PCMS to

SELL-SIDE ADVISOR

In a private equity investment by

PLACEMENT AGENT

In the sale to

SELL-SIDE ADVISOR
Meet Andy Colbert, a senior managing director, in Ziegler’s Healthcare Investment Banking practice focused on advising physician practices.