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Mercer Capital provides independent valuation and related advisory services to hospitals, medical device manufacturers, diagnostic technology firms, and other healthcare companies, supporting transactions, planning, financial reporting, and dispute matters

Mercer Capital provides independent valuation and related advisory services to hospitals, medical device manufacturers, diagnostic technology firms, and other healthcare companies. We support transactions, ownership and strategic planning, financial reporting, and dispute-related matters for public and private organizations across the healthcare sector.

Our professionals bring deep experience valuing healthcare businesses and assets. We deliver rigorous, objective analyses that help management teams, boards, and advisors address complex financial decisions with confidence and credibility.

Sector expertise

Decades of Experience and Expertise.

Healthcare Facilities

Mercer Capital provides hospitals, clinics, ASCs, and other healthcare facilities with independent valuation, transaction advisory, litigation support, and related financial services.

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MedTech & Devices

Mercer Capital provides medical device manufacturers, diagnostic technology companies, and other medtech innovators with independent valuation and transaction advisory services.

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Key Contacts

Nicholas J. Heinz headshot
Nicholas J. Heinz

Managing Director

Sujan Rajbhandary headshot
Sujan Rajbhandary

Senior Vice President

J. David Smith headshot
J. David Smith

Senior Vice President

J. Davis Rolfe, Jr. headshot
J. Davis Rolfe, Jr.

Senior Financial Analyst

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Healthcare Facilities Industry Newsletter

Mercer Capital provides a broad range of specialized valuation advisory services to the healthcare facilities industry, helping clients by providing independent valuation opinions and transaction advisory assistance. Our services for companies in the healthcare facilities industry include purchase price allocation, impairment testing, equity compensation, tax compliance, litigation support, corporate valuation services, and transaction advisory services.

Value Focus: Healthcare Facilities delivers insights and analysis to help you stay informed about key trends shaping the healthcare landscape.

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Medtech & Device Industry Newsletter

This quarterly update includes a broad outlook that divides the healthcare industry into four sectors:

  • Biotechnology & Life Sciences
  • Medical Devices
  • Healthcare Technology
  • Large, Diversified Healthcare Companies.

We include a review of market performance, valuation multiple trends, operating metrics, and other market data.

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WHITEPAPER

Understand the Value of an Urgent Care Center

Urgent Care Centers provide personal health care consultation and treatment outside of the traditional emergency room and primary care physician models. Per industry data, both the number of Urgent Care Centers and the volume of services provided by Urgent Care Centers have increased rapidly over the past decade. Current industry factors point to a continuation of this growth. Given this, if you own a center, or an interest in one, now is an important time to understanding the key elements underlying the value of your investment.

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Insights

Thought leadership that informs better decisions — articles,  whitepapers, research, webinars, and more from the Mercer Capital team.

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MedTech and MedDevices: Q4 2025
Medtech and Device Industry Newsletter - Q4 2025
Feature Article | Year in Review: Across MedTech, Discipline Is a Recurring Theme
Q3 2025
Medtech and Device Industry Newsletter - Q3 2025
Feature Article | Caris Life Sciences: Precision Medicine Meets AI
2025 MedTech Year in Review
2025 Year in Review: Across MedTech, Discipline Is a Recurring Theme
Across various company stages and transactions, 2025 activity in medtech reflected a consistent emphasis on disciplined, capital-efficient growth.
An Overview of Senior Care / Long-Term Care as of Q2 2025
An Overview of Senior Care / Long-Term Care as of Q2 2025
While the senior care industry faces a variety of challenges, including staffing shortages, regulatory pressures, and rising costs, there are also numerous opportunities for growth.
Dental Service Organizations
Dental Service Organizations
By 2028, an estimated 16% of specialized practices will be affiliated with DSOs. These specialized practices have even higher margins than general practices and have been receiving more referrals each year, making them particularly attractive to PE firms.
Ambulatory Surgery Centers
Ambulatory Surgery Centers
The popularity of ASCs among patients and insurers has propelled the value of the ASC market in the United States. Currently, the market is valued at $46 billion and is expected to reach $66 billion by 2033.
Medical Device Industry Outlook – Five Long-Term Trends to Watch
Medical Device Industry Outlook – Five Long-Term Trends to Watch
Demographic shifts underlie the long-term market opportunity for medical device manufacturers. While efforts to control costs on the part of the government insurer in the U.S. (and elsewhere) may limit future pricing growth for incumbent products, a growing global market provides domestic device manufacturers with an opportunity to broaden and diversify their geographic revenue base. Developing new products and procedures is risky and usually more resource intensive compared to some other growth sectors of the economy. However, barriers to entry in the form of existing regulations provide a measure of relief from competition, especially for newly developed products.
Q2 2025- Segment Focus: Senior Care / Long-Term Care
Healthcare Facilities Q2 2025

Segment Focus: Senior Care / Long-Term Care

Senior care is a large and growing industry in the United States. Growth is primarily predicated on demographic shifts, with an aging population likely to need both general and specialized living assistance.
Q2 2025
Medtech and Device Industry Newsletter - Q2 2025
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare Technology, Large, Diversified Healthcare Companies
Q1 2025- Segment Focus: Dental Service Organizations (DSOs)
Healthcare Facilities Q1 2025

Segment Focus: Dental Service Organizations (DSOs)

Over the past decade, Private Equity (PE) funds have scaled their platform and add-on expansions in healthcare, deploying over $1 trillion worth of capital. In 2021 alone, the sector saw over $200 billion in acquisitions.
Q1 2025
Medtech and Device Industry Newsletter - Q1 2025
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare Technology, Large, Diversified Healthcare Companies
Anatomy of Volatility: Evolent (EVH)
Anatomy of Volatility: Evolent (EVH)
A few notes on EVH price volatility in recent quarters – we remain observers and may report further notable developments.
Trends in MedTech Valuation Step-Up Multiples 2024
Trends in MedTech Valuation Step-Up Multiples 2024
The medtech industry followed the overall venture runup in 2020 and 2021 and was not immune to the drop in funding in 2022 and 2023.
Q4 2024- Segment Focus: Ambulatory Surgery Centers
Healthcare Facilities Q4 2024

Segment Focus: Ambulatory Surgery Centers

Ambulatory Surgery Centers (ASCs) have seen a significant increase in popularity during the past few years. Currently in the United States, there are 11,555 active centers, representing a 3% year over year increase.
Q4 2024
Medtech and Device Industry Newsletter - Q4 2024
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
Q3 2024
Medtech and Device Industry Newsletter - Q3 2024
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
2024: Five Trends to Watch in the Medical Device Industry
2024: Five Trends to Watch in the Medical Device Industry
Demographic shifts underlie the long-term market opportunity for medical device manufacturers. While efforts to control costs on the part of the government insurer in the U.S. may limit future pricing growth for incumbent products, a growing global market provides domestic device manufacturers with an opportunity to broaden and diversify their geographic revenue base. Developing new products and procedures is risky and usually more resource intensive compared to some other growth sectors of the economy. However, barriers to entry in the form of existing regulations provide a measure of relief from competition, especially for newly developed products.
Q1 2024
Medtech and Device Industry Newsletter - Q1 2024
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
Q4 2023
Medtech and Device Industry Newsletter - Q4 2023
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
MedTech & Device - Industry Scan 2022
MedTech & Device - Industry Scan 2022
For this quarterly update, we bring together a couple of strands of our medtech and device industry practice. First, as long-term observers, public market developments in 2022 were interesting and perhaps marked an inflection point for the short to medium term. Second, in October, we attended a medtech industry conference, where we were able to gather a rich set of perspectives.
Five Trends to Watch in the Medical Device Industry: 2022 Update
Five Trends to Watch in the Medical Device Industry: 2022 Update
Demographic shifts underlie the long-term market opportunity for medical device manufacturers. While efforts to control costs on the part of the government insurer in the U.S. may limit future pricing growth for incumbent products, a growing global market provides domestic device manufacturers with an opportunity to broaden and diversify their geographic revenue base. Developing new products and procedures is risky and usually more resource intensive compared to some other growth sectors of the economy. However, barriers to entry in the form of existing regulations provide a measure of relief from competition, especially for newly developed products.
Q4 2022
Medtech and Device Industry Newsletter - Q4 2022
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
Q3 2022
Medtech and Device Industry Newsletter - Q3 2022
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
Q2 2022
Medtech and Device Industry Newsletter - Q2 2022
This quarterly update includes a broad outlook that divides the healthcare industry into four sectors: Biotechnology & Life Sciences, Medical Devices, Healthcare, Technology, Large, Diversified Healthcare Companies
Five Trends to Watch in the Medical Device Industry
Five Trends to Watch in the Medical Device Industry: 2019 Update
Demographic shifts underlie the long-term market opportunity for medical device manufacturers. While efforts to control costs on the part of the government insurer in the U.S. may limit future pricing growth for incumbent products, a growing global market provides domestic device manufacturers with an opportunity to broaden and diversify their geographic revenue base. Developing new products and procedures is risky and usually more resource intensive compared to some other growth sectors of the economy. However, barriers to entry in the form of existing regulations provide a measure of relief from competition, especially for newly developed products.
5 Trends to Watch in the Medical Device Industry in 2016
5 Trends to Watch in the Medical Device Industry in 2016
Demographic shifts underlie the long-term market opportunity for medical device manufacturers. While efforts to control costs on the part of the government insurer in the U.S. may limit future pricing growth for incumbent products, a growing global market provides domestic device manufacturers with an opportunity to broaden and diversify their geographic revenue base. Developing new products and procedures is risky and usually more resource intensive compared to some other growth sectors of the economy. However, barriers to entry in the form of existing regulations provide a measure of relief from competition, especially for newly developed products.
Valuing Urgent Care Centers
WHITEPAPER | Valuing Urgent Care Centers
This whitepaper is structured to provide further details outlining the factors contributing to the proliferation of the urgent care services industry, the key players and their activities, and considerations for current and prospective owners of these facilities related to the valuation of urgent care centers. This whitepaper is part of Mercer Capital’s expertise in providing valuation and transaction advisory services to a diversity of businesses and for a wide range of purposes, including those operating in the healthcare service sector, such as urgent care centers and similar businesses.