Strategic Healthcare M&A Advisory

A leading M&A advisory firm for healthcare practice owners

We represent physician-owners and healthcare operators in confidential sell-side transactions with private equity platforms, family offices, and strategic acquirers — built around your valuation, your rollover, and your legacy.

Speak with an advisor: (800) 815-0590

Request a Confidential Valuation

Senior advisor will respond within one business day.

Full Name
Phone
Email
Specialty
Annual Collections
Timeline to Sell

100% confidential. No obligation.

Track Record

21 closed middle-market healthcare transactions

Specialty Focus

Dental · Dermatology · Plastic Surgery

Experience you can trust

1st Med Capital Partners is a boutique M&A advisory firm for the middle-market

About our Firm →

We run confidential, competitive sell-side processes for physician-owners and healthcare operators ready to monetize what they've built. Our work spans private-equity-backed platforms, single-family offices, and strategic acquirers — and our deal experience is concentrated where institutional buyer demand is strongest.

Backed by 21 closed middle-market healthcare transactions and a vetted institutional buyer network, we help you protect both your economics and your legacy — particularly when, as most physician-sellers do, you intend to keep practicing for years after the close.

Your Advisors

Senior representation, every engagement

About our team →

Boutique by design: every Capital Partners engagement is led personally by one of our two senior advisors. No first-year associates and no warm hand-offs — the people you meet on day one are the people who close your deal.

Michael Furlong

Managing Partner · Founder

Mike founded 1st Med Capital Partners to bring institutional-grade M&A representation to middle-market healthcare practice owners selling to private equity and family offices. His earlier role as Director of Practice Lending at 1st Med Financial — a boutique medical practice finance firm — gave him the capital-side perspective and institutional buyer relationships that anchor Capital Partners' sell-side work today. Mike holds B.S. degrees in Finance and Management Information Systems from the University of Central Florida, and serves as CEO of parent firm 1st Med Transitions.

David Goldstein

Managing Partner

David leads Capital Partners' deal execution: valuations, financial modeling, deal structuring, and transaction management from confidential market launch through close. He brings 10+ years in practice M&A and an earlier career as a Financial Advisor at Wells Fargo, where he developed the institutional-finance discipline that shapes his approach to physician-seller engagements today. David holds a B.S. in Finance from Florida Atlantic University.

Specialty Expertise

Where institutional buyer demand is strongest

Dental & DSO

From single-location practices to multi-site groups and DSO platforms — the most mature roll-up market in healthcare, with deep buyer demand and well-established valuation precedents.

Explore Dental M&A

Dermatology

Medical, surgical, and aesthetic dermatology groups commanding premium multiples from active PE-backed platforms and an expanding network of strategic acquirers.

Explore Dermatology M&A

Plastic Surgery

Cash-pay aesthetic and reconstructive practices with strong margins, growing platform appetite, and increasing family-office interest in premium aesthetic businesses.

Explore Plastic Surgery M&A

Orthopedics

Orthopedic groups, sports medicine, and ambulatory surgical centers benefiting from accelerating outpatient migration — with active PE platforms, hospital systems, and strategics competing for quality groups.

Explore Orthopedic M&A

Gastroenterology

GI practices and ambulatory endoscopy centers — among the most consolidated specialty markets in healthcare, with multiple national PE-backed platforms competing across every region.

Explore GI M&A

Ophthalmology

Comprehensive ophthalmology, retina, and surgical eye-care practices commanding strong multiples from a dense network of PE-backed MSOs and ASC-focused platform acquirers.

Explore Ophthalmology M&A

M&A Process Specialists

A confidential process built for healthcare practice owners

Backed by decades of institutional M&A experience, our process has been refined over hundreds of engagements to strategically protect, prepare, and guide healthcare practice owners through every phase of their exit — all with the singular goal of achieving maximum value.

Plan Smart

Selling well begins long before going to market. We model your defensible valuation range, identify the deal structures available to you — including full sale, recapitalization, and rollover equity scenarios — and surface the value-creation moves that move your multiple before buyers see your numbers.

Sell Smart

When you go to market, we approach the right private-equity platforms, family offices, and strategic acquirers under NDA — creating real competition without exposing your identity. We manage offers, structure, diligence, and legal coordination through close, defending your economics and your post-close life at every step.

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The Capital Partners Way

Our client-centric approach means your future is at the heart of everything we do. Every engagement is led by a senior advisor, every conversation begins under NDA, and every recommendation is filtered through one question: is this the right outcome for the practitioner who built this business?

Our Approach

Insights & Guides

Practical guidance for physician-sellers

Valuation Guide

The Physician's Guide to EBITDA & Practice Value

How buyers calculate adjusted EBITDA, what drives your multiple, and the add-backs that move valuation.

Download the guide

Deal Structure

Understanding Rollover Equity in a PE Sale

What rollover is, how it's valued, and how to think about your "second bite of the apple" when you keep practicing.

Download the guide

Market Report

Specialty Market Reports: Dental, Derm & Plastics

Current buyer activity, valuation trends, and what's driving deals in our three core verticals.

Request the report

Recent Closings

Select transactions

View all transactions →

A representative selection of closed engagements from the 1st Med family of firms — multi-doctor practices, DSO affiliations, and physician-led specialty businesses across multiple regions.

Dental / DSO

General Dental Practice
Rockville, MD · 2022

Collections$4.13M

EBITDA$1.51M

Enterprise Value$12.25M

BuyerDSO Affiliation

Dental / DSO

Multi-Location Orthodontic Practice
Woodbridge, VA · 2022

Collections$3.56M

EBITDA$1.59M

Enterprise Value$12.23M

BuyerDSO Affiliation

Dental / DSO

General Dental Practice
Manassas, VA · 2023

Collections$3.47M

EBITDA$951K

Enterprise Value$6.34M

BuyerDSO Affiliation

Dental / DSO

Two-Location Dental
Pittsburg, KS · 2023

Collections$4.27M

EBITDA$1.02M+

Enterprise Value$6.25M

BuyerDSO Affiliation

Med Spa / Aesthetics

Med Spa Practice
Orlando, FL · 2023

Collections$2.73M

EBITDA$810K

Enterprise Value$4.45M

BuyerMSO / PE Affiliation

Neurology

Neurology Practice
Riverside, CA · 2022

Collections$2.65M

EBITDA$1.40M

Enterprise Value$4.00M

BuyerPE / Strategic

They ran a real process. We saw competitive offers from three platforms in six weeks, and ended up with a structure I wouldn't have known to ask for on my own.

★ ★ ★ ★ ★

4.9 · Dr. [Name], DDS · Multi-location dental group, Southeast

This testimonial is provided by a client of 1st Med Capital Partners. No cash or non-cash compensation was provided in exchange for this testimonial. The testimonial is based on the client's unique experience, may not be representative of other clients' experience, and is no guarantee of future performance or success. (Placeholder content — replace with real on-the-record client quotes.)

Know Your Options

Know all your options with experienced healthcare M&A advisors

Every healthcare practice owner — large or small — benefits from a confidential conversation about valuation, deal structure, and timing. Complete the form or call and speak with a senior advisor today.

(800) 815-0590