Tracked deals
6
6 tracked deals across 2021-2026.
Healthcare Services Buyers & Acquisitions in Vermont
Buyer mix
Mixed buyer set
4 strategic · 3 pe
Top trend
Volume peaked in 2026
3 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Fiduciary Services Group (FSG) is active in Vermont retirement services, expanding its platform via acquisition of Future Planning Associates, Inc. (FPA).
- Provider and practice growth appears in primary care: Lamoille Health Partners’ agreement to acquire Family Practice Associates in Cambridge, VT.
- Specialty care and platform roll-ups show up as well, including Irwin Naturals Inc. acquiring assets of Hobie Fuerstman D O PLC (d/b/a Preventive Medicine).
- A service-capability theme runs through monitoring and coordination: Averhealth acquired Aspenti to strengthen substance use disorder management and population health capabilities.
- Consumer healthcare also intersects with “healthcare services” here, with Avista Healthcare Partners launching Birchwell Consumer Health and acquiring Bag Balm.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Averhealth | 1 | Provider of substance use monitoring and treatment servic... | Strategic (PE-backed) |
| Avista Healthcare Partners | 1 | Healthcare-focused private equity firm investing in growt... | PE |
| Birchwell Consumer Health | 1 | Newly formed U.S. consumer healthcare platform intended t... | Mixed |
| Fiduciary Services Group (FSG) | 1 | Lee Equity-backed retirement services platform providing ... | PE |
| Five Arrows Capital Partners | 1 | North American corporate private equity business of Roths... | PE |
| Irwin Naturals Inc. | 1 | Established nutraceutical brand (since 1994) expanding in... | Strategic |
| Lamoille Health Partners | 1 | Federally Qualified Health Center (FQHC) providing compre... | Strategic |
| MD Esthetics | 1 | Multi-state medical aesthetics and wellness platform prov... | Strategic (PE-backed) |
Acquisition Volume in Healthcare Services in Vermont by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Avista Healthcare Partners, Birchwell Consumer Health
- Target
- Bag Balm
- Seller
- Seller group led by Gemini Investors
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Addon
Avista Healthcare Partners launched Birchwell Consumer Health as a new U.S. consumer healthcare platform focused on acquiring OTC and skincare brands. Birchwell’s first acquisition is Bag Balm, a Vermont-based therapeutic skincare brand acquired from a seller group led by Gemini Investors.
-
April 13, 2026
- Buyer
- MD Esthetics
- Target
- Glow Aesthetics Medical Spa
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Addon
MD Esthetics, a multi-state medical aesthetics and wellness platform backed by New Harbor Capital, formed a strategic partnership with Glow Aesthetics Medical Spa. The deal is intended to preserve Glow’s brand while providing MD Esthetics’ strategic resources to support regional growth across New England.
-
- Buyer
- Fiduciary Services Group (FSG)
- Target
- Future Planning Associates, Inc. (FPA)
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Addon
Fiduciary Services Group (FSG), parent of DWC and PCS Retirement, announced it has acquired Future Planning Associates, Inc. (FPA), a Vermont-based third-party administration (TPA) and recordkeeping firm. The deal expands FSG’s national retirement services platform and strengthens its New England footprint by integrating FPA into DWC’s operational infrastructure.
-
- Buyer
- Lamoille Health Partners
- Target
- Family Practice Associates
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Buyout
Lamoille Health Partners has entered into an agreement to acquire Family Practice Associates, a primary care practice located in Cambridge, Vermont. The acquisition expands Lamoille Health Partners' footprint in Lamoille County and will rebrand the practice as Lamoille Health Family Medicine Cambridge upon closing (expected October 2023).
-
- Buyer
- Irwin Naturals Inc.
- Target
- Hobie Fuerstman D O PLC (doing business as Preventive Medicine)
- Seller
- Hobie Fuerstman D O PLC (owner/operator of Preventive Medicine)
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Addon
Irwin Naturals Inc. agreed to acquire the assets of Hobie Fuerstman D O PLC, doing business as Preventive Medicine, a ketamine and integrative healthcare clinic based in Colchester, Vermont. The deal, payable in cash and stock and subject to customary closing conditions, expands Irwin Naturals' Emergence clinic roll-up into the Northeast as its eighth clinic acquisition.
-
May 19, 2021
- Buyer
- Averhealth, Five Arrows Capital Partners
- Target
- Aspenti
- Industry
- Healthcare Services
- Location
- Vermont, United States
- Type
- Addon
Averhealth, with support from Five Arrows Capital Partners, has acquired Aspenti, a Burlington-based provider of substance use monitoring, care coordination and diagnostic services. The deal expands Averhealth's referral base into physicians, treatment centers and healthcare systems and strengthens its capabilities in population health and substance use disorder management.
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Frequently Asked Questions
What types of healthcare services acquisitions are shown for Vermont?
The page highlights a range of healthcare services deals in Vermont, including retirement services/TPA and recordkeeping, primary care practice acquisitions, specialty clinic acquisitions, and consumer healthcare brand platform activity.
Which buyers appear more than once in Vermont transactions?
Fiduciary Services Group (FSG), Averhealth (including support from Five Arrows Capital Partners), and Avista Healthcare Partners appear among the listed buyers, with multiple transactions reflected across different years.
Do any deals involve partnerships or regional expansion plans?
Yes. MD Esthetics formed a strategic partnership with Glow Aesthetics Medical Spa with the stated goal of supporting regional growth across New England while preserving the target’s brand.
Are these acquisitions limited to traditional provider practices?
No. The Vermont list also includes healthcare-adjacent service and platform themes, such as substance use monitoring and care coordination (Averhealth / Aspenti) and a consumer healthcare platform initiative (Birchwell Consumer Health / Bag Balm).
Related Acquisition Pages
Healthcare Services Buyers & Acquisitions
Healthcare Services Buyers & Acquisitions in Canada
Private Equity-Backed Healthcare Services Buyers
Healthcare Services Acquisitions in 2026
Healthcare Services Acquisitions in 2023
Healthcare Services Acquisitions in 2022
Healthcare Services Acquisitions in 2021
Acquisitions in Vermont
Private Equity-Backed Acquisitions in Vermont
Acquisitions in Vermont in 2026
Acquisitions in Vermont in 2023
Acquisitions in Vermont in 2022