We think about private equity-backed consolidations as part of a lifecycle. Like most business cycles, it starts out with pioneering that accelerates through further adoption.
Washington, DC, (May 10, 2021) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announced today that Physicians First, a Nashville, Tennessee-based boutique investment banking firm focused on healthcare, has merged its practice into FOCUS. Physicians First founders Eric Yetter and Andy Snyder are joining FOCUS as Managing Directors. Yetter will lead the FOCUS Healthcare Team.
Even with the chilling effects of COVID-19, 2020 was the biggest deal year yet for private equity's investment in women's health practices (in terms of transaction count).
Members of the FOCUS Healthcare team counted approximately 25 closed dermatology transactions in 2020. Of those, fifteen were for small single-dermatologist practices. Ten deals were for two-dermatology practices, and five deals were for three-to six physician groups.
We think about private equity-backed consolidations as part of a lifecycle. Like most business cycles, it starts out with pioneering that accelerates through further adoption. 
An investment banker specialized in medical practice deals can greatly improve the process and outcome of a sale. 
Members of the FOCUS Healthcare team counted approximately 25 closed dermatology transactions in 2020. Of those, fifteen were for small single-dermatologist practices. Ten deals were for two-dermatology practices, and five deals were for three-to six physician groups. 
