Healthcare Investment Banking
Amidst rapidly changing technologies and groundbreaking scientific discoveries, the healthcare industry is constantly evolving. Keeping the pace is the Healthcare Investment Banking group of Raymond James, one of the oldest, largest and most successful healthcare-focused advisory services practices in the U.S. in terms of domain expertise, dedicated resources and track record. Our well-recognized investment banking practice has more than 80 professionals focused exclusively on advising middle-market companies across the healthcare services, pharmaceuticals & pharmaceuticals services, medical technology & diagnostics, biotechnology and healthcare technology sectors. We have completed more than 250 M&A transactions and have longstanding relationships with an expansive network of healthcare-focused equity sponsors.
Healthcare Sector Expertise
- Healthcare Services
- Healthcare Technology
- Life Sciences
- Medical Technology & Diagnostics
Transaction History
September 2025
About Motor City Dental Partners
Motor City Dental Partners (“MCDP”) is a leading doctor-owned, orthodontics-focused Dental Support Organization based near Detroit, Michigan.
September 2025
About Springbuk
Springbuk is a premier data and analytics partner for health benefits and point solutions on a mission is to guide every healthcare decision with data.
August 2025
About Compass Therapeutics
Compass Therapeutics is a clinical-stage oncology-focused biopharmaceutical company developing proprietary antibody-based therapeutics to treat multiple human diseases.
July 2025
About Knowtion Health
Knowtion Health is a leading provider of technology-enabled revenue cycle management services serving more than 550 hospitals nationwide and managing over $4.5 billion annually in outstanding balance accounts for clients.
July 2025
About 2507_PharmaLink
PharmaLink is the Nation's Premier Pharmaceutical Reverse Distributor with services covering the spectrum of the healthcare supply chain.
July 2025
About Contract Pharmaceuticals Limited
Contract Pharmaceuticals Limited is an industry-leading pharmaceutical contract development and manufacturing organization in the non-sterile liquid and semi-solid contract manufacturing market.
July 2025
About The Difference Card
The Difference Card helps organizations maximize their health plan efficiency. The Difference Card has delivered billions of dollars in savings to its clients, while at the same time providing the highest level of employee benefits.
July 2025
About Lannett Company
For over 80 years, Lannett has been a trusted U.S.-based supplier of superior quality oral pharmaceutical tablets, capsules, and liquids, including complex DEA controlled substances.
June 2025
About Achieve Life Sciences
Achieve Life Sciences is a late-stage specialty pharmaceutical company committed to addressing the global smoking health and nicotine dependence epidemic through the development and commercialization of cytisinicline.
June 2025
About Embold Health
Embold Health, a healthcare technology company, helps employers and health plans improve outcomes and lower costs by empowering members to make informed healthcare decisions.
May 2025
About Guardian Pharmacy
Guardian Pharmacy Services provides a suite of technology-enabled services tailored to serve the needs of residents of long-term health care facilities, primarily in its target markets of assisted living facilities, behavioral health facilities, and group homes.
May 2025
About Hinge Health
Hinge Health leverages software, including AI, to largely automate care for joint and muscle health, delivering an outstanding member experience, improved member outcomes, and cost reductions for its clients.
May 2025
About Waystar
Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance.
May 2025
About i3 Verticals
i3 Verticals Healthcare RCM business provides a practice optimization platform offering technology-enabled RCM, practice management, patient engagement and EHR solutions.
April 2025
About Liminatus Pharma
Liminatus Pharma, LLC (“Company” or “Liminatus”) is pre-clinical stage biopharmaceutical company developing novel, immune-modulating cancer therapies.
April 2025
About Pelthos
Pelthos Therapeutics is a biopharmaceutical company committed to commercializing innovative, safe, and efficacious therapeutic products to help patients with unmet treatment burdens.
April 2025
About Gritstone
Gritstone bio, Inc. was a clinical-stage biotechnology company that aimed to develop the world’s most cutting-edge vaccines.
March 2025
About Nova Medical Centers
Nova Medical Centers (“Nova” ) is a leading provider of occupational health services in the United States. Nova’s services focus on providing employers with pre-employment health screenings and treatment for work-related injuries.
February 2025
About Waystar
Waystar's software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance.
January 2025
About Horizon Infusions
Horizon Infusions is Ohio’s leading network of infusion centers, committed to delivering expert care in a low-cost, patient-focused environment.
January 2025
About Stragen Services
Stragen Services is a lyon-based pharmacovigilance and clinical safety services provider and has established itself as a reliable partner for the European Pharma, Biotech, and Medtech community.
January 2025
About Aptyx
Aptyx is a global manufacturing partner that engineers smart solutions to help customers solve tough challenges with confidence.
December 2024
About Veru Inc.
Veru is a late clinical-stage biopharmaceutical company focused on developing novel medicines for the treatment of cardiometabolic diseases and oncology.
December 2024
About HUB Organoids
HUB Organoids is a global leader in the field of adult stem cell-derived organoids. HUB Organoid Technology represents a paradigm shift for drug discovery and development, preclinical patient stratification, predictive diagnostics, etc.
December 2024
About Lomond Therapeutics
Lomond Therapeutics is a biopharmaceutical company, focused on the development of best-in-class and first-in-class small molecule inhibitors that target escape mutations in hematologic and solid cancers.
December 2024
About HeritageGroup
Heritage Group is a Nashville‐based, healthcare‐focused investment firm with more than 35 years of experience financing and operating healthcare companies at all stages.
November 2024
About Center for Social Dynamics
The Center for Social Dynamics is a premier provider of Applied Behavior Analysis (ABA) services, specializing in personalized, evidence-based treatment for Autism Spectrum Disorder (ASD) delivered in home-based settings.
September 2024
About SkinCure Oncology
Founded in 2016, SkinCure Oncology is the world leader in providing a comprehensive model for the delivery of Image-Guided Superficial Radiation Therapy (Image-Guided SRT), the most advanced nonsurgical treatment for common skin cancer.
September 2024
About Guardian Pharmacy Services
Guardian Pharmacy Services provides a suite of technology-enabled services tailored to serve the needs of residents of long-term health care facilities (LTCFs), primarily in its target markets of assisted living facilities and behavioral health facilities and group homes.
September 2024
About Evive Health
Evive is a digital communications and engagement platform that helps health plans and employers optimize the benefits, resources and programs they offer their employees.
September 2024
About ANI Pharmaceuticals
ANI Pharmaceuticals, Inc. is a diversified biopharmaceutical company serving patients in need by developing, manufacturing, and marketing high-quality branded and generic prescription pharmaceutical products, including for diseases with high unmet medical need.
September 2024
About Relay Therapeutics
Relay Therapeutics is a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies with the goal of bringing life-changing therapies to patients.
September 2024
About Xencor
Xencor, Inc. is a clinical-stage biopharmaceutical company developing engineered antibodies for the treatment of patients with cancer and other serious diseases.
August 2024
About Avidity Biosciences
Avidity Biosciences, Inc.'s mission is to profoundly improve people's lives by delivering a new class of RNA therapeutics - Antibody Oligonucleotide Conjugates (AOCs™).
July 2024
About Valenz
Vālenz Health is the platform to simplify healthcare – the destination for employers, payers, providers and members to reduce costs, improve quality, and elevate the healthcare experience.
July 2024
About Johnson Matthey
Johnson Matthey is a global leader in sustainable technologies. For over 200 years the Company has used advanced metals chemistry to tackle the world's biggest challenges.
June 2024
About Addus HomeCare
Addus is a provider of comprehensive home care services that include, primarily, personal care services that assist with activities of daily living, as well as hospice and home health services.
June 2024
About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store and HSA Store, online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts.
June 2024
About Waystar
Waystar Holding Corp. provides healthcare organizations with mission-critical cloud software that simplifies healthcare payments.
June 2024
About HIG Growth
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $64 billion of capital under management based on total capital raised by H.I.G. Capital and its affiliates.
June 2024
About Aeterna Zentaris
Aeterna is a specialty biopharmaceutical company engaged in the development and commercialization of a diverse portfolio of pharmaceutical and diagnostic products, including those focused on areas of significant unmet medical need.
May 2024
About Dyne Therapeutics
Dyne Therapeutics is a clinical-stage muscle disease company focused on advancing innovative life-transforming therapeutics for people living with genetically driven diseases.
May 2024
About Gen4 Dental Partners
Gen4 Dental Partners is a leading dental service organization committed to providing comprehensive practice support services to dental practices across the United States.
May 2024
About Pacira BioSciences
Pacira is a commercial biopharmaceutical company focused on developing, manufacturing and marketing non-opioid pain management solutions.
May 2024
About US Foot and Ankle Specialists
US Foot & Ankle Specialists, LLC is a leading provider of podiatric services in the Mid-Atlantic. USFAS provides a comprehensive suite of podiatric services, offering general podiatry, advanced treatment options for diabetic conditions, and arthroscopic and foot surgery.
April 2024
About AAPC
AAPC is the nation's largest education and credentialing organization for medical coders, billers, auditors, practice managers, documentation specialists, compliance officers, and revenue cycle managers.
April 2024
About Societal CDMO
Societal CDMO is a contract development and manufacturing organization with capabilities spanning pre-Investigational New Drug development to commercial manufacturing and packaging for a wide range of therapeutic dosage forms with a primary focus in the area of small molecules.
March 2024
About Eupraxia
Eupraxia is a clinical-stage biotechnology company focused on the development of locally delivered, extended-release products that have the potential to address therapeutic areas with high unmet medical need.
March 2024
About RadNet
RadNet, Inc., is the leading national provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States based on the number of locations and annual imaging revenue.
March 2024
About BridgeBio
BridgeBio is a commercial-stage biopharmaceutical company founded to discover, create, test and deliver transformative medicines to treat patients who suffer from genetic diseases and cancers with clear genetic drivers.
March 2024
About Viking Therapeutics
Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development of novel therapies for the treatment of metabolic and endocrine disorders, with three compounds currently in clinical trials.
January 2024
About Lipocine
Lipocine is a biopharmaceutical company leveraging its proprietary technology platform to augment therapeutics through effective oral delivery to develop differentiated products for CNS disorders.
January 2024
About Dianthus Therapeutics
Dianthus Therapeutics is a biotechnology company dedicated to designing and delivering novel, best-in-class monoclonal antibodies with improved selectivity and potency over existing complement therapies.
January 2024
About Dyne Therapeutics
Dyne Therapeutics is a clinical-stage muscle disease company focused on advancing innovative life-transforming therapeutics for people living with genetically driven diseases.
December 2023
About Ocular Therapeutics
Ocular Therapeutix, Inc. is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology ELUTYX™.
December 2023
About Heart Paw
Founded in 2018, Heart + Paw is a differentiated, rapidly growing pet care services platform offering veterinary care, grooming, day care and boarding.
December 2023
About Bluebird
Bluebird bio is a biotechnology company committed to researching, developing, and commercializing potentially curative transformative gene therapies for severe genetic diseases based on their lentiviral vector (LVV) gene addition platform.
December 2023
About Visant Medical
Visant Medical focuses on the treatment of dry eye disease. The Company's FDA cleared medical device, LACRIFILL®, is indicated to help patients experiencing dry eye symptoms by blocking tear drainage through occlusion of the canalicular system.
December 2023
About Veru
Veru Inc. is a late clinical stage biopharmaceutical company focused on developing novel medicines for the treatment of metabolic diseases, oncology and viral-induced acute respiratory distress syndrome.
December 2023
About 89bio
89bio is a clinical-stage biopharmaceutical company dedicated to the development of therapies for patients with liver and cardiometabolic diseases who lack optimal treatment options.
December 2023
About Wave Life Sciences
Wave Life Sciences is a clinical-stage RNA medicines company committed to delivering life-changing treatments for people battling devastating diseases.
September 2023
About Novan Inc
Novan, Inc. is a commercial stage specialty dermatology company based in Durham, NC. The Company utilizes its proprietary Nitricil platform, which facilitates the stabilization and delivery of nitric oxide (NO), to research and develop novel therapeutics for the treatment of skin diseases.
September 2023
About Slayback
Slayback is a New Jersey-based company focused on complex generic and specialty pharmaceutical products with a team of 85 employees and operations in the U.S., India and Europe.
September 2023
About CymaBay Therapeutics
CymaBay Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on improving the lives of people with liver and other chronic diseases that have high unmet medical need through a pipeline of innovative therapies.
September 2023
About Dianthus Therapeutics
Dianthus Therapeutics is a biotechnology company dedicated to designing and delivering novel, best-in-class monoclonal antibodies with improved selectivity and potency over existing complement therapies.
August 2023
About Nextech Systems
Nextech is the complete healthcare technology solution for specialty providers including Dermatology, Ophthalmology, Orthopedics, Plastic Surgery, and Med Spa.
August 2023
About MedTech Acquisition
MedTech Acquisition Corporation is a special purpose acquisition company with a focus on the medical technology industry in the United States and other developed countries.
August 2023
About Limeade
Limeade is an immersive employee well-being company that creates healthy employee experiences. Limeade reduces burnout and turnover while increasing well-being and engagement – ultimately elevating business performance.
August 2023
About EngageSmart
EngageSmart is a provider of vertically tailored customer engagement software and integrated payments solutions.
August 2023
About Biomerics
Founded in 1994, Biomerics is a leading medical device contract manufacturer serving the interventional device market.
July 2023
About Benefit Resource LLC
BRI, founded in Rochester, New York in 1993, is a leader in technology enabled solutions for tax-free employee benefit plans that streamline plan administration, reduce overhead costs for employers and improve convenience and security for employees.
July 2023
About VBI Vaccines
VBI Vaccines Inc. is a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease.
July 2023
About PaceMate
PaceMate offers the most comprehensive remote cardiac monitoring solution in the industry.
June 2023
About Your Behavioral Health
Your Behavioral Health is a leading regional behavioral health services platform that provides comprehensive best-in-class services for adults and teens across the continuums of mental health and addiction treatment.
June 2023
About RadNet
RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue.
May 2023
About PLx Pharma
PLx Pharma Inc. is a commercial-stage drug delivery platform technology company focused on its clinically-validated and patent-protected PLxGuard™ and VAZALORE®, an FDA-approved liquid-filled aspirin capsule, available in 81 mg and 325 mg doses.
May 2023
About Adamis Pharmaceuticals Corporation
Adamis Pharmaceuticals Corporation was a specialty biopharmaceutical company primarily focused on developing and commercializing products in various therapeutic areas, including opioid overdose and allergy.
April 2023
About Nielsen BioSciences
Nielsen BioSciences is a privately held biotechnology company based in San Diego and founded in 2013.
April 2023
About InflaRx
InflaRx is a clinical-stage biopharmaceutical company focused on applying its proprietary anti-C5a technology to discover and develop first-in-class, potent and specific inhibitors of C5a.
April 2023
About Viking Therapeutics
Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development of novel first-in-class or best-in-class therapies for the treatment of metabolic and endocrine disorders, with three compounds currently in clinical trials.
March 2023
About 89bio
89bio is a clinical-stage biopharmaceutical company dedicated to the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases.
March 2023
About Zura Bio
Zura is a clinical-stage biotechnology company advancing immunology assets into Phase 2 development programs, including ZB-168 and torudokimab.
February 2023
About Apellis Pharmaceuticals Inc
Apellis Pharmaceuticals, Inc. is a global biopharmaceutical company that is committed to leveraging courageous science, creativity, and compassion to deliver life-changing therapies.
January 2023
About Sol-Gel Technologies Ltd
Sol-Gel is a dermatology company focused on identifying, developing and commercializing or partnering topical drug products for the treatment of skin diseases.
January 2023
About CymaBay Therapeutics Inc
CymaBay Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on improving the lives of people with liver and other chronic diseases that have high unmet medical need through a pipeline of innovative therapies.
January 2023
About Chiesi
Based in Parma, Italy, Chiesi is an international research-focused pharmaceuticals and healthcare group with over 85 years' experience, operating in 30 countries with more than 6,000 employees.
January 2023
About Highland Park Animal Hospital
The Highland Park Family of Practices is a network of animal hospitals and a luxury boarding facility in Dallas County.
December 2022
About Avidity Biosciences
Avidity Biosciences, Inc.'s mission is to profoundly improve people's lives by delivering a new class of RNA therapeutics - Antibody Oligonucleotide Conjugates.
December 2022
About Myrtelle
Myrtelle Inc. is a gene therapy company focused on developing transformative treatments for neurodegenerative diseases.
December 2022
About ADMA Biologics
ADMA Biologics is an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty plasma-derived biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases.
November 2022
About G1 Therapeutics
G1 Therapeutics, Inc. is a commercial-stage biopharmaceutical company focused on the development and commercialization of next generation therapies that improve the lives of those affected by cancer, including the company’s first commercial product, COSELA®.
November 2022
About Gateway Genomics
Gateway Genomics is a personal genomics company with the mission to develop leading-edge genetic tests that give families a new level of understanding about their future children.
October 2022
About Clarus Therapeutics Holdings
Clarus Therapeutics was a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women.
August 2022
About Medidee
Medidee Services is a leading pan-European MedTech consulting boutique offering cutting edge consulting and clinical services in the most sought-after areas including IVD, digital health, cybersecurity, and machine learning.
July 2022
About LumiraDx
LumiraDx is a next-generation point of care diagnostics company that is transforming community-based healthcare. Founded in 2014, LumiraDx manufactures and commercializes an innovative diagnostic Platform that supports a broad menu of tests with lab comparable performance at the point of care.
July 2022
About LumiraDx2
LumiraDx is a next-generation point of care diagnostics company that is transforming community-based healthcare. Founded in 2014, LumiraDx manufactures and commercializes an innovative diagnostic Platform that supports a broad menu of tests with lab comparable performance at the point of care.
July 2022
About Montagu Private Equity LLP
Medical Device Components (MDC) develops and manufactures complex and high-precision miniature components for minimally invasive medical devices used in high-growth clinical specialties.
June 2022
About 89bio
89bio is a clinical-stage biopharmaceutical company dedicated to the development and commercialization of innovative therapies for the treatment of liver and cardiometabolic diseases.
June 2022
About Sandstone Care
Sandstone Care is a leading provider of high-quality care for young people with behavioral and mental health conditions.
May 2022
About Tarsus Pharmaceuticals
Tarsus Pharmaceuticals, Inc. applies proven science and new technology to revolutionize treatment for patients, starting with eye care. It is advancing its pipeline to address several diseases with high unmet need across a range of therapeutic categories, including eye care, dermatology, and infectious disease prevention.
Transaction history may include transactions completed by a Raymond James banker while at a former firm.