BGL Managing Director Kyle Brown: “Q1 and Q3 pitch activity was strong, and throughout the year, many deals moved into work-up or towards market, including awarded mandates that were on hold as the majority recapitalization market appeared relatively dormant from 2023 through 2025. More than 100 sponsor-backed provider services assets are now over six years into their initial hold period. These are assets that needed to trade in 2023 through 2026.” 

In the report, BGL examines the key trends renewing private equity and strategic appetite for the sector.

Key provider services industry trends in the report include: 

• Shift toward lower-cost sites of care is expanding patient access, creating growth opportunities, and attracting investors  
• Evolving provider and investor alignment as investors opt for more flexible equity arrangements and economic incentives
• The use of technology driving efficiencies within provider businesses
• Alternative payment methods are creating new revenue opportunities for providers  

About BGL’s Healthcare Provider Services Team 

BGL’s Healthcare Provider Services Group is one of the most experienced and respected financial advisory teams in the U.S. for physician practice M&A and related technical services, with a long track record of expertise in successfully advising private equity, physicians, and alternate site providers through strategic transactions like selling and buying provider businesses.