PGP issues '2023 Year in Review', Has Strong year Despite Healthcare Services M&A Slowdown - Physician Growth Partners

PGP issues ‘2023 Year in Review’, Has Strong year Despite Healthcare Services M&A Slowdown

Chicago & Boston, December 31, 2023 – In 2023, Physician Growth Partners (PGP) served as one of the most active sell-side healthcare investment banks in the US, advising 13 independent physician groups in transactions with private equity buyers. The firm continued to solidify its reputation as the leading healthcare transaction advisor to specialty physician groups across the country. 

The 13 deals completed by PGP throughout 2023 involved a multitude of physician specialties and geographies from the Atlantic to the Pacific. The advisory firm deepened its already strong capabilities in dermatology, eyecare and urology, while gaining additional experience in oral surgery, pain management, orthopedics, pediatrics, behavioral health, women’s health, and gastroenterology – all specialties that are gaining consolidation momentum.

PGP expects the busy activity in these markets to continue into 2024 and looks forward to strengthening its leading position as the go-to transaction advisory firm for any independent physician group interested in pursuing a private equity partner.

2023 by the Numbers

  • 13 Deals Completed
  • 115+ Shareholders Advised
  • 5+ Ambulatory Surgery Centers
  • Worked with Physicians in 11 States
  • $740M+ in Total Transaction Value
  • 95+ Clinical Locations
  • 9 Physician Specialties

Specialties Advised in 2023

Behavioral Health

Oral Surgery

Women’s Health





Pain Management


2023 Completed Physician Practice Transactions