There were 105 transactions in the physician medical group sector during the third quarter of 2026, according to an Oct. 19 news release from Levin Associates.
Here are six things to know:
- The 105 deals represent a slight drop from the 107 transactions recorded in the sector during the second quarter of 2026, and down from 137 transactions in the third quarter of 2025.
- In total, there have been 386 physician medical group deals through the first three quarters of 2026.
- The dental industry accounted for 51 transactions in the third quarter of 2026, the most of any specialty.
- Private equity firms remained the most active investors in the PMG market, accounting for more than 50% of transactions in the quarter with 53 deals.
- Nine health systems completed a physician medical group transaction in the quarter.
- Imagen Dental Partners, a dental service organization, was the most active buyer with five transactions.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
