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Selling a healthcare business

Industry advisors for healthcare businesses

Australia’s healthcare sector is evolving rapidly as demand, workforce pressures and digital transformation reshape the market. Nash Advisory works with healthcare business owners to prepare for sale, position their companies effectively and attract qualified buyers.

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Healthcare industry growth and transaction trends

The Australian healthcare market is structurally supported by demographic tailwinds and sustained government funding. National health spending continues to grow above inflation, driven by ageing, technology investment and rising patient expectations.

Transaction volumes remain steady across mid-market providers, with strong buyer appetite for scalable platforms. Strategic investors and private equity are targeting fragmented subsectors where operational improvement and digital transformation can unlock value.

  • Australians aged 65 and over now represent more than 16% of the population, increasing demand for aged care and community-based services.
  • Healthcare employment accounts for over 10% of Australia’s workforce, highlighting both growth and ongoing staffing shortages.
  • Digital health and virtual care are now embedded across primary care and specialist services, expanding access and supporting operational efficiency.
  • Private equity continues to invest in fragmented healthcare providers, targeting scale, recurring revenue and operational efficiencies.

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"There has not been a stronger sector in Australia for acquisitions and sector consolidation than healthcare. Companies in this sector have been bought by large listed players, financial investors, and smaller competitors."
Eric Sengstock
Eric Sengstock
Director

YOUR HEALTHCARE BUSINESS ADVISORY PARTNER

Clear guidance across the healthcare market

Nash Advisory provides independent, director-led advice to healthcare business owners, investors and boards. We deliver clear valuation insights, structured sale processes and disciplined acquisition support to maximise value and reduce transaction risk.

Contact us
total enterprise value transacted
$
1.9
bn+
Total enterprise value transacted
Enterprise value in FY22
$
400
m+
Enterprise value in FY25
successful deals completed
63
Successful deals completed
Private equity bolt-on deals
25
Private equity bolt-on deals
Valued team members
22
Team members
Completed transactions per year
15
+
Completed transactions per year

Current industry insights across Australia’s healthcare market

Australia's healthcare market continues to evolve as regulatory shifts, funding adjustments and growing patient expectations reshape how care facilities operate.

Providers investing in infrastructure, medical information systems and virtual care implementation are better positioned to manage costs and enhance health outcomes. However, retention challenges and wage pressure remain barriers to stability across many regions.

For stakeholders, understanding these sector dynamics is critical before entering a transaction or raising capital.

Key factors affecting valuation

  • Workforce retention directly impacts valuation. Businesses with stable teams, low turnover and clear recruitment strategies reduce operational risk and support sustainable earnings.
  • Recurring revenue, diversified payer sources, and limited reliance on single funding initiatives improve perceived stability and buyer confidence.
  • Healthcare providers embracing digital systems, secure health records and strong cybersecurity frameworks command premium multiples due to reduced risk and scalable infrastructure.
  • Providers with exposure across multiple regions, including rural and growth corridors, often benefit from stronger demand and defensible market positions.

Our advisory services in action

From founder-led practices to multi-site businesses, we provide confidential, senior-led advisory that protects value and manages transaction risk across healthcare and adjacent sectors.

Feedback from our clients

Working with Nash was an absolute pleasure. They were at all times completely responsible and accountable to everything that we needed. Their strong financial acumen was incredibly important throughout the whole process. It was really important that they were able to truly articulate the value of the business in its current state and also look and really delve into the potential future alternate uses for the business…We were really happy with the interest that Nash generated. So we had multiple seriously interested parties, which created that competitive tension that you really need in a deal and was able to achieve the outcome that we wanted and that we expected.

Fiona Selby
Managing Director of Boneo Park

Working with Nash was an absolute pleasure. They were at all times completely responsible and accountable to everything that we needed. Their strong financial acumen was incredibly important throughout the whole process. It was really important that they were able to truly articulate the value of the business in its current state and also look and really delve into the potential future alternate uses for the business…We were really happy with the interest that Nash generated. So we had multiple seriously interested parties, which created that competitive tension that you really need in a deal and was able to achieve the outcome that we wanted and that we expected.

Fiona Selby
Managing Director of Boneo Park
Map of global buyers

Global Capabilities

Unlock a world of possibilities with Nash Advisory's global capabilities. Through our partnership with REACH, we provide unparalleled access to industry experts and local market connoisseurs across 30 countries.

Whether you're selling your business, merging, or seeking investment, our team of seasoned professionals crafts bespoke strategies tailored to your unique needs. Trust us to navigate the complexities of the global market, ensuring you achieve exceptional outcomes that reflect the true value of your hard work and dedication.

Global capabilities

The Nash Advisory advantage

Work with our directors

As one of our clients, you will have direct access to the knowledge and experience of our directors. We will work through the whole process with you, from start to finish.

Real business experience

We know what makes a business appealing to buyers, because we've owned and run businesses ourselves. Our own experience informs every step of our process.

Network of buyers

Maximising the sale price of your business requires finding the right buyer. We have a broad network of contacts which includes Australian and international businesses.

Outcomes focused

We only succeed if you do. We focus all our efforts on getting you the best result. That's why most of our fees are on the back end.

Work with our directors

As one of our clients, you will have direct access to the knowledge and experience of our directors. We will work through the whole process with you, from start to finish.

Real business experience

We know what makes a business appealing to buyers, because we've owned and run businesses ourselves. Our own experience informs every step of our process.

Network of buyers

Maximising the sale price of your business requires finding the right buyer. We have a broad network of contacts which includes Australian and international businesses.

Outcomes focused

We only succeed if you do. We focus all our efforts on getting you the best result. That's why most of our fees are on the back end.

Explore our healthcare advisory services

View all services

We provide end-to-end advisory services across the healthcare market, supporting business owners and stakeholders at every stage of the transaction lifecycle.

Selling a business

We provide expert guidance to help you prepare, market, and negotiate the best outcome for your business sale.

See how we do it

Business valuations

Our team delivers accurate, data-driven valuations to help you understand and enhance your business’s worth.

See how we do it

Business mergers & acquisitions

Our proprietary approach to business sales ensure you get the highest possible sale multiple for your business.

See how we do it
Sample toolkit

Access our blueprint for a disciplined sales process

Follow a tried and tested roadmap for selling your business. Download our transaction document pack and understand each stage of a structured, value-focused sale process. 

Download now

Recent healthcare market transactions 

We have successfully advised on healthcare business sales, acquisitions and divestments across Australia, delivering structured processes and strong commercial outcomes for shareholders.

Logo of Kincumber Nautical Village
Completed deal:

Kincumber Nautical Village

Date:
June 1, 2025
Transaction type:
Selling a business
Industry:
Healthcare
Sub sector:
Leisure & retirement living

Kincumber Nautical Village is one of Australia’s largest Residential Land Lease Communities (RLLCs), comprising 363 sites on the New South Wales Central Coast, one of the nation’s fastest-growing retirement regions. The Village offers an affordable and desirable lifestyle, just minutes from local shops, cafés, restaurants, and the beaches of MacMasters, Copacabana, and Avoca.

RLLCs are a rapidly growing sector in Australia, meeting strong demand for affordable housing in attractive coastal and regional locations.

The owners of Kincumber Nautical Village engaged Nash Advisory to lead the divestment of the business. The transaction was completed in 2025 following a competitive process. The business ultimately acquired by Hampshire Property Group.

The transaction was led by Thomas Butler, supported by Kieran Ellis and Jock Mitchell.

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Logo of La Bella Life
Completed deal:

La Bella Life

Date:
April 1, 2025
Transaction type:
Divestment
Industry:
Healthcare
Sub sector:
Home Care

La Bella Life is a leading provider of Home Care Package Management and Home Care Services, proudly serving clients in Warrnambool and the greater South West Victoria region. Committed to excellence, La Bella Life enables elderly individuals to remain in the comfort of their homes while receiving the highest quality of care at an affordable price.

Nash Advisory was engaged by La Bella Life to facilitate the divestment of the business, culminating in a successful transaction completed in April 2025.

The transaction was led by Kieran Ellis. Legal advisory services were provided by Wisewould Mahony.

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Logo of Australian Unity
Completed deal:

Australian Unity

Date:
January 1, 2023
Industry:
Healthcare
Sub sector:
Dental Services

Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Australian Unity’s range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.

Australian Unity has entered into a preferred provider agreement with National Dental Care (NDC), under which Australian Unity health insurance members will have access to NDC’s extensive national network of dental clinics.  Australian Unity’s existing network of five dental clinics will also be sold to NDC as part of the broader transaction.

Nash Advisory was appointed by Australian Unity in September 2022 to assist with structuring and executing this strategic initiative. Piper Alderman acted as legal advisor on the transaction.

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Logo of Fuel Your Life
Completed deal:

Fuel Your Life

Date:
December 30, 2022
Transaction type:
Selling a business
Industry:
Healthcare
Sub sector:
Dietetics

Fuel Your Life is Australia’s largest network of dietitians who provide award-winning nutrition advice and programs to veterans, NDIS clients, corporate organisations and patients who want to improve their life through healthy eating.

Nash Advisory was engaged by Fuel Your Life for the divestment of the business to Partnered Health, resulting in a successful transaction completing in December 2022.  The business was acquired by Partnered Health in December 2022, with Fuel Your Life bolstering the Allied Health capabilities of the group.

The transaction was led by Paul Nemets. Legal advisors were Wisewould Mahony.

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Logo of Total Communications
Completed deal:

Total Communications

Date:
November 1, 2018
Industry:
Healthcare
Sub sector:
Aged care telecommunications

Lucas Couper, Sean O'Neill, and Kevin Han from Nash Advisory advised Total Communications on their sale-ready program over the 18 months, culminating in the successful sale to Paragon Care.

Multiple bids were received for the business which illustrated the telecommunications and aged care sectors are buoyant. The owners will remain with the business over the earnout period and view this as a fantastic outcome for both the incoming buyer and the sellers.

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Logo of Territory Surgical Supplies
Completed deal:

Territory Surgical Supplies

Date:
April 1, 2018
Transaction type:
Selling a business
Industry:
Healthcare
Sub sector:
Medical consumable

Nash Advisory represented Territory Surgical Supplies, a medical consumables company based in the Northern Territory, Australia, on their successful sale to a large healthcare business based in the United States.

We worked with the owners over a period of six to eight months to identify key areas for improvement and subsequently undertook a global search for buyers. This lead to a competitive two round ‘auction’ process, resulting in the successful sale in April 2018. We also navigated the complexities of novating contracts, working capital, and inventory and stock management.

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Sell your healthcare business with Nash Advisory

The healthcare sector continues to evolve through innovation, shifting patient expectations and rising demand for virtual care. Partner with advisors who understand the implications and protect your value.

Our healthcare sector specialists

Our advisory team brings deep sector knowledge and transaction experience. We work closely with business owners, boards and stakeholders across Australia to deliver informed, commercially focused outcomes.

Advising clients across Australia

Our advisors work with healthcare business owners across Australia and internationally, travelling to support transactions on the ground wherever needed.

Our advisors travel across Australia to work with business owners on-site and manage transactions on the ground. We connect vendors with qualified domestic and international buyers, wherever they operate.

Latest healthcare industry articles

Explore our latest healthcare market research, transaction updates and industry reports. Stay informed on valuation trends, buyer appetite and regulatory developments shaping the sector.

Stay updated with Nash Advisory on LinkedIn

Follow Nash Advisory on LinkedIn for regular market updates, transaction insights and industry research to support informed decision making.

Frequently asked questionsFrequently asked questions

How are healthcare companies valued?

Valuing a healthcare company requires a detailed assessment of earnings quality, sustainability and risk. Buyers examine EBITDA, revenue concentration, workforce stability and regulatory exposure. Funding mix, reimbursement rates and contract terms also affect multiples.

Digital capability, data privacy frameworks and scalable infrastructure can enhance value. Location, competitive geography, and patient accessibility are also considered.

How much is the healthcare industry worth?

Australia's healthcare industry generates more than $270 billion in annual expenditure and represents over 10% of GDP. It is one of the largest sectors in the national economy.

The sector spans hospitals, aged care, medical practices, community providers and digital health organisations. Its scale, stability and recurring demand make it highly attractive to strategic buyers and private equity investors.

Is the healthcare industry growing?

Yes. The healthcare market continues to grow, supported by population growth, ageing demographics and rising chronic disease rates. Health expenditure has increased consistently over the past decade.

Innovation, digital transformation and demand for virtual services are also driving expansion. Increased expectations of patients around accessibility and patient experience continue to shape service development across Australia.

What affects healthcare valuation multiples?

Valuation multiples relate to earnings stability, growth profile and operational risk. Businesses with diversified revenue, strong governance and low regulatory exposure typically attract higher multiples.

Private equity interest, competitive tension in sale processes and access to finance also influence pricing. Workforce shortages or compliance risks can reduce buyer confidence and impact value.

Are healthcare businesses attractive to private equity?

Healthcare remains a priority sector for private equity due to defensive demand and recurring revenue. Fragmented sub-sectors, including allied health and specialist practices, present consolidation opportunities.

Investors seek scalable platforms with experienced management teams and clear development pathways. Strong reporting systems and disciplined cost control increase attractiveness.

What preparation is required before selling a healthcare business?

In a perfect world, preparation should begin 12 to 24 months before the business sale. Owners should review financial reporting, contracts, workforce structure and compliance frameworks.

Clear documentation, stable earnings and strong governance reduce transaction risk. Early advisory support allows time to address barriers and position the business effectively.

How does geography impact a healthcare transaction?

Geography influences demand, competition and accessibility. Providers operating across multiple regions often demonstrate greater resilience and diversified revenue streams. Rural and growth corridors may attract strategic interest where services are limited. Metropolitan assets may command premiums due to scale and patient density.

What role does digital health play in transactions?

Digital health capability is increasingly central to buyer assessment. Secure systems, privacy compliance and efficient patient data management reduce operational risk. Businesses investing in innovation and scalable platforms can expand service distribution and improve efficiency, which supports valuation outcomes.

How long does it take to sell a healthcare business?

A structured sale process typically takes nine to twelve months from preparation to completion. Timelines depend on business complexity, regulatory requirements and buyer due diligence. Early preparation of financial records, compliance documentation and workforce data can reduce delays.

Start a confidential discussion

Discuss your healthcare transaction objectives with experienced advisors. Complete the form below, and one of our senior advisors will contact you to explore your options and outline the next steps.

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