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.

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Physician-led healthcare business acquisition — trusted partnership
MD
Physician-led, founder-first
$0
Broker fees or commissions
87%
Never Sell
Healthcare businesses listed with brokers that fail to close
4–6
Months Average
Traditional broker-led sale timeline — often more than a year for the few that actually close
8–12%
Broker Commission
Fees that erode your hard-earned proceeds before you see a dollar
20+
Years in Healthcare
Physician-executive experience spanning clinical operations, strategy, and healthcare business leadership
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

The industry average for healthcare businesses sits at 2–3.5× EBITDA. Because PANJAS acquires directly — without brokers, without intermediaries — we can offer more of the value to you. We work to structure a deal that reflects what your business is actually worth.

🏛
Your Legacy Is Protected

Your employees, patients, and brand identity matter. A structured transition plan ensures continuity for the people and community you have served. You may continue as Chairman Emeritus, staying connected to the work you care about.

💰
Zero Broker Fees

No commissions. No retainers. No invasive data rooms or SOP documentation requirements. We work directly with you, keep the process simple, and handle the complexity on your behalf.

🤝
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. The process is designed to be low-burden on you and your team. We move at a pace that works for your life — not a broker's commission timeline.

🌞
Continuity After the Close

A thoughtful transition, continued health coverage, and an advisory role ensure your life after the sale is as stable and purposeful as the one you built before it. This is not a hand-off — it is a partnership.

⚕
Physician-Owned & Healthcare-Led

In CPOM states, PANJAS's physician-owned structure ensures full compliance where corporate practice of medicine rules apply. You are not selling to an outside buyer. You are selling to someone who has lived your world — and who is accountable to the same professional standards you are.

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

Why Healthcare.
Why Now.

The U.S. healthcare sector is in the midst of the largest consolidation wave in its history. Independent operators face mounting regulatory pressure, staffing costs, and reimbursement complexity — creating a generational window for physician-led acquirers who understand the business from the inside.

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
Side by Side

Traditional Broker Sale vs.
The PANJAS Way

The difference is not incremental — it is structural. Every element of how PANJAS works is designed to put more value in your hands, with less friction and more respect for what you have built.

❌ Traditional Broker Sale
The Old Way
  • ✗
    87% of listings never close — months of effort wasted
  • ✗
    4–6+ month timeline — often more than a year for the few that actually sell
  • ✗
    8–12% broker commission plus upfront retainers
  • ✗
    Invasive due diligence: SOPs, audited financials, data rooms
  • ✗
    Generic buyers with no healthcare operational knowledge
  • ✗
    2–3.5× EBITDA — industry average multiples
  • ✗
    No income continuity, no advisory role, no legacy protection
✓ The PANJAS Way
A Better Path
  • ✓
    Direct acquisition — no broker, no listing, no waiting
  • ✓
    A focused, low-friction process that respects your time
  • ✓
    $0 broker fees — zero commissions, zero retainers
  • ✓
    We accept your business as-is — no documentation burden
  • ✓
    Physician-led buyer who understands your business from the inside
  • ✓
    Deal structure built around your goals — not a formula
  • ✓
    Transition support, advisory role, and legacy protection built in
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 CPOM Compliant
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

Businesses generating $1M to $10M in annual revenue. Consistent cash flow and a clear patient or client base matter more than rapid growth. If your business is profitable and stable, it may be exactly what I am looking for.

📍
Geography

We acquire healthcare businesses across the United States. Geography is not a constraint — if your business fits our criteria, we will come to you.

👥
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.

$0
Broker fees or commissions
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.

Schedule a confidential 15 or 30-minute call directly on my calendar. We will talk about your business, your goals, and whether there is a path forward that makes sense for both of us. No brokers, no middlemen — just a direct conversation with the person who would be acquiring your business.

📧
PANJAS.LLC@gmail.com
📞
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.

✓

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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.