Investment Banking for Healthcare
The trusted advisor for physicians navigating the next chapter.
Grand Round Partners is a boutique investment bank built exclusively for physicians and medical practice owners. Whether you're considering a sale, partnership, recapitalization, or succession plan, we provide experienced, independent advice to help you maximize value and achieve the right outcome.
Where Are You Today?
Tell us your situation
I'm thinking about selling
Explore a confidential sale to the right strategic or private-equity buyer — on your timeline, at the right price.
See sell-side advisory →I want to raise capital
Fund expansion, recruit providers, or buy out a partner with growth equity or debt — without losing control.
See capital raising →I'm just curious what it's worth
Get a free, confidential estimate of your practice's value before anyone else sets the number for you.
Request a free valuation →What We Do
Advisory built around your practice
Whether you're selling to a strategic buyer, partnering with private equity, or raising capital to expand, we represent your interests at the table — and only yours.
Practice Sales & M&A
Confidential, competitive sale processes that maximize value and protect what you've built — from a single clinic to a multi-site group.
- Sell-side representation
- Strategic & private equity buyers
- Competitive deal structuring
Capital Raising
Access to growth equity and debt financing to open locations, acquire competitors, or invest in new service lines.
- Growth & expansion capital
- Debt financing & refinancing
- Equity partnerships
Practice Valuation
A defensible, market-grounded view of what your practice is truly worth — before you ever pick up a call from a buyer.
- Comprehensive valuation analysis
- EBITDA normalization
- Market & comparables review
Why Grand Round Partners
We only work with healthcare. That focus is your advantage.
We've spent our careers working alongside physicians, operators, and healthcare investors. We understand the metrics buyers care about and the factors that influence valuation, allowing us to tell your story in a way that attracts the right partners and maximizes value.
Healthcare is all we do
Deep fluency in clinical operations, payor contracts, and the buyer universe specific to medical practices.
Confidentiality first
Your staff, patients, and competitors never learn of a process until you decide they should.
One side of the table
We represent sellers, not buyers. Our success fee is tied directly to the outcome you achieve.
A real track record
Over $1B in healthcare transactions completed across our careers, spanning specialties and structures.
The Meaning Behind Our Name
Why we're called Grand Round Partners
Grand rounds have long been a cornerstone of medicine — a forum where physicians come together to share knowledge, challenge assumptions, and work collaboratively toward the best outcome for the patient.
We chose the name Grand Round Partners because we bring that same spirit of thoughtful analysis, collaboration, and trusted advice to practice owners navigating some of the most important decisions of their careers.
Free Resource
The Physician's Guide to Selling a Practice
What drives value, how the process works, the mistakes that cost owners millions, and how to prepare years in advance. Written for doctors, not bankers.
Enter your email and the guide opens instantly. No spam, ever.
FAQ
Questions physicians ask us most
Honest answers to the questions — and fears — we hear most often. Don't see yours? Just ask us directly.
No. Confidentiality is the foundation of how we work. We approach only qualified buyers under non-disclosure, withhold your identity until you choose to reveal it, and control exactly what is shared and when. Your staff, patients, and competitors don't learn of a process unless and until you decide.
Value is typically based on a multiple of normalized EBITDA, adjusted for your specialty, payor mix, provider depth, growth, and current buyer demand. We offer a free, confidential valuation so you have a defensible range before any buyer sets the number for you.
Usually not. Most healthcare transactions — especially with private equity — are structured so physicians keep practicing, often with an employment agreement and rollover equity in the new platform. If your goal is a clean exit and retirement, we can structure for that too. Your goals drive the deal.
Continuity of care and culture matters to most sellers — and to most credible buyers. We help you weigh offers on more than price, including how a buyer will treat your team and patients, and we can prioritize buyers whose values align with yours.
A typical sell-side process runs about six to nine months from kickoff to close, depending on your readiness, how competitive the process is, and diligence. We share a realistic timeline up front during your initial consultation. See our full process.
We're primarily compensated through a success fee tied to the outcome of your transaction, so our incentives are aligned with yours. Any retainer or scope is laid out clearly in an engagement letter before you commit to anything.
No. It's common to reach out before everything is buttoned up — part of our preparation work is normalizing financials and getting your practice presentation-ready. The earlier we engage, the more value we can help you build before going to market.
Not at all. An initial conversation or valuation request is free, confidential, and carries no obligation. Many owners talk to us a year or more before they're ready to act.