Healthcare
Livingstone is an active advisor to mid-market companies across the healthcare spectrum. Our practice focuses on delivering long-term, trusted financial advisory services to private healthcare providers seeking to grow through mergers and acquisitions (M&A) and/or access to the capital markets. We have deep knowledge of the players, dynamics, and underlying drivers of the space.
Through our integrated international infrastructure, deep sector expertise, and quality of relationships, Livingstone has sold companies to the most discerning acquirers in the mid-market. Some of our select strategic buyers and private equity acquirers in the sector include:

Subsectors
- Healthcare Providers
- Medical Products
- Outsourced Services
Featured Transactions
Research Triangle
has affiliated with
Heartland Dental, a portfolio company of KKR
Silent Break Security
has been acquired by
NetSPI, a portfolio of Sunstone Partners
Progressive Behavioral Science
has been acquired by
Cultivate, a portfolio company of Imperial Capital
Lucien Ortscheit GmbH
has been acquired by
Silver Investment Partners
Broadstep Behavioral Health
has been recapitalized by
Bain Capital Double Impact
The Corridor Group
has received financing from
Brightwood
PE-Owned Multi-State DSO
strategic and financial advisory services
Confidental Outcome
DuvaSawko, a portfolio company of Ancor Capital Partners
has been recapitalized by
Varsity Healthcare Partners
Beacon Bay Dental
financial advisory services
Confidential Outcome
Cliniclands
has been acquired by
Henry Schein Inc.
strategic and financial advisory services
Northwestern Memorial Healthcare Home Health and Hospice Agencies
has divested its home health and hospice agencies to
JourneyCare
Vanderbend, portfolio company of Aterian Investment Partners
has raised acquisition financing from
Cerberus Capital Management
Integrated Rehab Consultants
has been acquired by
Webster Equity Partners
Medi-Markt Homecare-Service GmbH
has been acquired by
Gimv
Alliance Physical Therapy
has sold its division that delivers outsourced therapy services to long-term care facilities to
HealthPRO
Key Contacts
WE ARE Unrelenting Advocates
We fight in your corner. But we don't stop there. We'll be with you for the long-haul, as your business grows, acquires and sells.
- "Livingstone executed a well-managed, efficient and comprehensive process, successfully helping Matt and I accomplish our objectives as shareholders by finding the ideal partner to help IRC continue its exciting growth trajectory."Dr. Amish Patel, CEO, Integrated Rehab Consultants
Featured Insights
- NewsSilent Break Security has been acquired to NetSPILivingstone is pleased to announce it has advised Silent Break Security (“SBS” or “The Company”), a leader in cybersecurity and penetration testing, on its sale to NetSPI, a portfolio company of Sunstone Partners. Founded in 2011, SBS is a leading provider of transformative cybersecurity solutions...
- Covid-19Livingstone advises Progressive Behavioral Science on its sale to Cultivate Behavioral Health & EducationLivingstone is pleased to announce the firm’s healthcare team has advised Progressive Behavioral Science (“Progressive” or the “Company”) on its partnership with Cultivate Behavioral Health & Education (“Cultivate”), a portfolio company of Imperial Capital. Livingstone acted as exclusive financial...
- BlogThe current state of distressed healthcare M&ALivingstone hosted a live video conference Thursday, August 13, 2020 to discuss the state of distressed healthcare M&A. Moderated by Ryan Buckley, a Partner in the healthcare practice, the 30-minute webinar featured an expert panel of middle-market bankers focused on the healthcare sector, special...
- BlogWebinar: The State of Distressed Healthcare M&AThis downturn, unlike others, has acutely impacted the healthcare sector, specifically provider-based businesses. Patient volumes are down from pre-COVID levels and many sub-sectors may take months, if not years, to recover to pre-COVID activity. Private equity ownership of provider-based...