BUYER DISCOVERY
Who buys primary care practices?
77 disclosed primary care practiceacquisitions analyzed — the active strategic and private equity buyers, how often each one buys, and their most recent named deals. Sourced from SEC filings and verified M&A press releases.
Quick answers
- How many disclosed transactions?
- 77 disclosed primary care practice acquisitions with a named acquirer.
- Most active buyers
- Skylight Health Group, Inc. (6) · Optum, Inc. (5) · United Physicians Care, Inc. (3) · Privia Health Group, Inc. (2) · Princeton Community Hospital (2) · Apollo Medical Holdings, Inc. (2)
- What would these buyers pay for my business?
- Run the ExitValue.ai calculator to price your primary care practice against these 77 disclosed transactions. The engine surfaces what each buyer pool pays for your size, margin, and growth profile.
Top strategic buyers
Operators, larger competitors, and corporate consolidators acquiring primary care practice businesses for synergy and capability fill.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| Skylight Health Group, Inc. | 6 | $3M | River City Medical Associates, Inc. (2021), Rocky Mountain Health Care Clinics (2021), Three Primary Care Clinics (2021), APEX Family Medicine (2020) |
| Optum, Inc. | 5 | $300M | Atrius Health (2022), Healthcare Associates of Texas (2022), Reliant Medical Group (2018), American Health Network of Indiana (2017) |
| United Physicians Care, Inc. | 3 | $0.1M | Ronceverte Primary Care (2024), Pediatric Associates (2017), Salem Family Medicine (2014) |
| Privia Health Group, Inc. | 2 | $95M | Evolent Care Partners (2025), Integrated Medical Services, Inc. (2025) |
| Princeton Community Hospital | 2 | $0.2M | Blue Ridge Internal Medicine, Inc. (2023), Miracles of Life OB/GYN (2023) |
| Apollo Medical Holdings, Inc. | 2 | $114M | Community Family Care Medical Group IPA, Inc. (2023), Alpha Care Medical Group, Inc. (2019) |
| WELL Health Technologies Corp. | 2 | $2M | MCI Medical Clinics Inc. (Alberta) (2023), Inliv (2022) |
| Fayette Physician Network, Inc, d/b/a WVUHS Medical Group | 2 | $0.3M | Monongalia Pediatrics and Youth Associates (2023), First Steps Pediatrics and Adolescent Medicine (2022) |
| Cano Health | 2 | $454M | Doctor's Medical Center (2021), University Health Care (2021) |
| Babylon | 2 | $21M | Meritage Medical Network (2021), Fresno Health Care (FirstChoice) (2020) |
| CareMax, Inc. | 2 | $307M | CareMax Medical Group (2020), IMC Medical Group Holdings (2020) |
| Monongalia County General Hospital Company | 2 | $0.5M | Medpointe of Harrison County (2020), Morgantown Internal Medicine Group (2013) |
Top private equity buyers
Private equity firms and PE-backed platforms rolling up primary care practice businesses. Platform-tier buyers typically pay up for scale, clean financials, and a management layer that survives integration.
| Acquirer | Deals | Median deal size | Recent targets |
|---|---|---|---|
| General Atlantic | 1 | $540M | Eventus WholeHealth (2024) |
| Partners Group | 1 | $790M | Axia Women's Health (2021) |
| Goldman Sachs Asset Management and Charlesbank Capital Partners | 1 | $1.5B | MDVIP (2021) |
| Sun Capital | 1 | $550M | Miami Beach Medical (2020) |
| Altas Partners | 1 | $1.6B | Unified Women's Healthcare (2020) |
| TPG Capital | 1 | $1.3B | Kelsey-Seybold Clinic (2019) |
| OMERS Private Equity | 1 | $1.1B | Premise Health Inc. (2018) |
| Ares Management | 1 | $1.5B | DuPage Medical Group (2017) |
| Summit Partners | 1 | $1.0B | HealthSun (2016) |
Recent M&A activity
Disclosed primary care practice acquisitions by year.
Methodology note
Acquirer activity reflects disclosed M&A transactions in the ExitValue.ai database, filtered to primary care practice businesses with a named acquirer. Counts include deals with disclosed financials only — total transaction volume in this segment is typically 2–3x larger. The valuation engine reveals what each buyer pool pays for your specific business when you run the calculator. Full methodology
What's your primary care practice worth to these acquirers?
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Engine-grounded estimate. Comparable named deals on the full results page.
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- How to value a medical practice primary care· long-form guide