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
- Platform and capability expansion themes include retirement services (TPA/recordkeeping), substance use monitoring and care coordination, and integrative/ketamine clinic services.
- Geographic focus centers on Vermont, United States, with several buyers using Vermont as an entry point into wider New England or national footprints.
- Brand-preservation and rebranding show up in deal framing—e.g., preserving a target brand in a medical spa partnership and rebranding a primary care practice after closing.
- Consumer healthcare also appears: Avista Healthcare Partners launched Birchwell Consumer Health and acquired Bag Balm from a seller group led by Gemini Investors.
| Buyer (example) | Deal type shown in Vermont | Target capability highlighted |
|---|---|---|
| Fiduciary Services Group (FSG) | Retirement services expansion | TPA and recordkeeping |
| Lamoille Health Partners | Primary care practice acquisition | Primary care in Lamoille County |
| Averhealth | Behavioral/substance use services | Monitoring, care coordination, diagnostics |
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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 kinds of healthcare services acquisitions are appearing in Vermont?
The Vermont deals span primary care practices, medical aesthetics, retirement services (TPA/recordkeeping), substance use monitoring and diagnostics, and clinic services including integrative/ketamine care.
Which buyers are active in these Vermont healthcare services transactions?
Notable acquirers include Fiduciary Services Group (FSG), Avista Healthcare Partners, Lamoille Health Partners, MD Esthetics, Averhealth, and Irwin Naturals Inc.
Do these acquisitions usually stay localized in Vermont or expand beyond?
Many deals are Vermont-based targets, while the buyer intent is often broader—such as strengthening a New England footprint or expanding a national platform—based on the transaction descriptions provided.
Is brand continuity or rebranding mentioned in Vermont healthcare deals?
Yes. One Vermont primary care acquisition notes the practice will be rebranded after closing, and a medical spa partnership frames the goal of preserving the target’s brand while using the buyer’s resources for regional growth.
Related Acquisition Pages
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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