Healthcare Business Acquisitions

A Trusted Partner for
Healthcare Founders
Ready for What's Next

PANJAS Equity Holding is a physician-led acquisition firm looking for the right healthcare business — and the right founder — to partner with. If you have built something meaningful and are thinking about your next chapter, let's have an honest conversation.

📅 Schedule a Confidential Call 📚 Book Reader Resources ↓ Learn More
Physician-led healthcare business acquisition — trusted partnership
MD
Physician-led, founder-first
1st
A strong business before expansion
1
Strong Foundation
The first acquisition must work as a durable business on its own
3
Aligned Priorities
Customers, employees, and founder continuity guide the transition
SBA
One Financing Path
SBA-backed financing may be considered when the transaction and borrower qualify
MD
Physician Leadership
Clinical judgment paired with healthcare operations and business strategy
The PANJAS Difference

Why Founders Choose to
Work with Dr. Russell

Most acquisition groups see a transaction. Dr. Russell sees a legacy. Every element of how PANJAS approaches a deal is designed to honor what you built — and make the path forward as clear and straightforward as possible.

✅
A Buyer Who Understands Your World

PANJAS is led by a physician-executive with an MD, MBA, and MPH. Dr. Russell has lived inside healthcare operations — clinical workflows, regulatory compliance, staffing, and reimbursement. You are not explaining your business to an outsider. You are talking to someone who has been in your shoes.

📈
Fair Value for What You Built

Value has to be supported by the business, the transition, and the financing structure. We work with founders and their advisors to build terms that reflect current performance and can withstand diligence and lender underwriting.

🏛
Your Legacy Is Protected

Your employees, patients, customers, and brand identity matter. We build the transition plan around operational continuity and the knowledge that made the business successful. Any continuing role is discussed openly and documented as part of the transaction.

💰
Constructive Broker & Advisor Relationships

We welcome opportunities from founders, brokers, and trusted advisors. Good intermediaries create a clear process, align expectations, and help financeable transactions move toward closing.

🤝
A Deal Structured Around You

Every founder's situation is different. Dr. Russell's approach is to understand your goals first — financial, personal, and legacy — and then work together to find a structure that genuinely fits. There is no one-size-fits-all model here.

📋
Confidential & Low-Friction Process

The conversation stays private. Diligence is focused on the facts needed to understand the business, protect both sides, and support financing without creating avoidable work for your team.

🌞
Continuity After the Close

A thoughtful transition plan can protect customer relationships, employee stability, and the operating knowledge behind the business. Any continuing role is shaped around the founder's goals and the needs of the transaction.

⚕
Physician-Owned & Healthcare-Led

Healthcare ownership and operating structures vary by state and transaction. PANJAS brings physician leadership to the process and works with qualified counsel to address clinical ownership, licensing, and regulatory requirements where they apply.

Dr. Anthony Russell, MD MBA MPH — Physician-Led Healthcare Acquisitions
Sector Expertise

Why Healthcare.
Why Now.

Independent healthcare operators face increasing regulatory complexity, staffing pressure, reimbursement challenges, and technology change. That makes experienced, physician-led ownership especially valuable when a founder is considering a transition.

PANJAS Equity Holding is fundamentally different from outside acquisition groups. We are physician-owned and physician-led — with deep expertise in healthcare operational leadership, day-to-day clinical management, infrastructure building, and scaling. We do not apply a generic outside-buyer playbook to healthcare businesses. We understand the regulatory environment, the reimbursement landscape, the staffing dynamics, and the patient relationships that make healthcare businesses work. That distinction matters to every seller, every employee, and every patient whose care depends on what happens next.

Primary Care Clinics Urgent Care Home Health Agencies Revenue Cycle Management Behavioral Health Physical Therapy Specialty Practices Assisted Living Medical Billing Healthcare Staffing Healthcare Consulting Health IT Healthcare AI Population Health Remote Patient Monitoring Healthcare Education Clinical Research Organizations IPA / ACO / MCO MSO / HOPD 340B Programs Ambulatory Care
How We Build

A Strong Business First.
A Platform for What Comes Next.

PANJAS looks for established healthcare-services businesses with durable cash flow, capable people, and a reputation worth protecting. The first acquisition must stand on its own. Growth comes next, through compatible businesses that add customers, capabilities, or geographic reach.

✓ A Business That Works Today
The Foundation
  • ✓
    Established cash flow supported by current performance
  • ✓
    Durable customer demand and a defensible market position
  • ✓
    Capable management or a credible transition plan
  • ✓
    Clear financial records that support diligence and underwriting
  • ✓
    Healthcare operations that benefit from physician-led judgment
  • ✓
    A structure that works without optimistic projections
  • ✓
    A founder who cares about customers, employees, and continuity
✓ Disciplined Growth
What Comes Next
  • ✓
    Opportunities welcomed from founders, brokers, and trusted advisors
  • ✓
    A focused process that respects the seller's time and objectives
  • ✓
    A financeable structure designed to withstand lender underwriting
  • ✓
    SBA-backed financing considered when the transaction qualifies
  • ✓
    Physician-led stewardship that understands healthcare from the inside
  • ✓
    Follow-on acquisitions selected for real strategic fit
  • ✓
    Growth that preserves what made each business valuable
Dr. Anthony W. Russell, MD MBA MPH
Dr. Anthony W. Russell Physician · Executive · Acquirer
The Person Behind PANJAS
Dr. Anthony W. Russell
MD · MBA · MPH  |  Founder & Principal, PANJAS Equity Holding

I built PANJAS because I believe healthcare founders deserve a better option. After spending my career at the intersection of clinical medicine, business strategy, and healthcare operations, I understand what it takes to build a healthcare business — and what it means to hand one off.

I am not a financial buyer looking for the next deal. I am a physician-executive who has led healthcare organizations from the inside — managing clinical workflows, navigating regulatory complexity, building teams, and stewarding patient relationships. When I acquire a business, I bring that same commitment to what comes next. I am looking for the right opportunity: a business built with care, by a founder who wants to know it will be in good hands.

If that sounds like you, I would genuinely like to talk.

MD MBA MPH Physician Executive Healthcare Operator Healthcare M&A
Connect on LinkedIn Schedule a Call
Acquisition Criteria

The Right Deal Is Out There

PANJAS is not trying to acquire everything. I am looking for the right business — built by a founder who cares about what happens next. If your business fits the profile below, or is close, I encourage you to reach out. The conversation is always confidential and there is never any pressure.

🏥
Business Type

Independent healthcare businesses including clinics, home health agencies, behavioral health practices, revenue cycle management firms, medical billing companies, healthcare staffing organizations, healthcare consulting firms, health IT companies, population health organizations, remote patient monitoring businesses, IPA / ACO / MCO structures, MSO and HOPD operations, 340B programs, clinical research organizations, and healthcare education entities.

💵
Revenue Range

Established, profitable businesses with recurring or repeat revenue, durable customer relationships, and current cash flow that can support a financeable transaction. Exact fit depends on the business, valuation, structure, and lender requirements.

📍
Geography

We consider healthcare-services businesses across the United States. Clinical and professional-entity opportunities are evaluated only where ownership and regulatory structures are legally permissible.

👥
Founder Profile

Owner-operated businesses where the founder is approaching a transition — whether that is retirement, a lifestyle change, or simply a desire to see their life's work continue in capable hands. If you are not sure yet, that is okay too. Early conversations are welcome.

🤝
Legacy Mindset

Founders who care about what happens to their employees, patients, and brand after the sale. I am a steward, not a stripper. Your legacy matters to me as much as it does to you.

🕑
Flexible on Timeline

Whether you want to move in the next few months or are simply exploring what your options look like, I am open to that conversation. There is no pressure to move faster than is right for you.

Aligned
Founders, brokers, and advisors welcomed
Flexible
Deal structure built around you
MD
Physician-led, healthcare-first
Start the Conversation

Let's Talk About
What You've Built

There is no obligation, no pressure, and no agenda other than an honest conversation. If you are thinking about your next chapter — even if you are not sure yet — I would be glad to hear your story.

Whether you are a founder, broker, or advisor, schedule a confidential 15 or 30-minute call directly on my calendar. We will talk about the business, the seller's goals, and whether PANJAS may be the right fit.

📧
[email protected]
📞
916-799-9640 (Mobile)
linkedin.com/in/anthonywrussell
Tell Me About Your Business

Not Ready to Schedule?
Send a Note Instead.

If you would prefer to share a few details before getting on a call, use the form below. Dr. Russell reviews every submission personally. There is no obligation and no sales pitch — just a genuine response from someone who is interested in your story.

✓

Thank you — message received.

Dr. Russell will review your submission personally and follow up within 1–2 business days. All inquiries are kept strictly confidential.

All submissions are strictly confidential and reviewed personally by Dr. Russell. You will receive a direct response within 1–2 business days.