Driving the Deal | McDermott HealthEx Series: Evolving Landscape of PPMs
McDermott Will & Schulte Health Law Podcast
Release Date: 06/09/2025
McDermott Will & Schulte Health Law Podcast
In this episode of Driving the Deal, Brian Fortune, Senior Managing Director at Farragut Square Group is joined by Joel White, Partner at Monument Advocacy, leading their health practice and President of the Council for Affordable Health Coverage (CAHC), to discuss the healthcare policy changes shaping Washington and what they could mean for the industry. Brian and Joel explore the legislative outlook ahead of the midterm elections, including healthcare affordability, Medicare physician payment, drug pricing reform, and the prospects for additional reconciliation legislation. They also examine...
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In this episode of Driving the Deal, Brian Fortune, Senior Managing Director at Farragut Square Group is joined by Dan Beuerlein, Managing Director at Brentwood Capital Advisors, and Kyle West, CEO of Behavioral Framework, for a discussion on the evolving autism therapy services market and the future of applied behavior analysis (ABA). Together, they explore the strong investor interest driving autism services M&A, the workforce strategies helping providers scale, and the innovations transforming care delivery, from clinician development and AI-enabled operations to individualized...
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In this episode of Driving the Deal, Brian Fortune, Senior Managing Director at Farragut Square Group sits down with Erika Haanpaa, Managing Director at Cain Brothers, a division of KeyBanc Capital Markets, to discuss the current state of behavioral health M&A. Together, they explore why investor interest remains strong despite a more measured transaction environment, what distinguishes high-quality assets in today's market, and how buyers and sellers are navigating evolving reimbursement dynamics, labor challenges, and operational complexity. Tune in for an insightful discussion on...
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In this episode of Driving the Deal, Brian Fortune, Senior Managing Director at Farragut Square Group is joined by Jeanne Proia, Managing Director and President of Healthcare Services at Cross Keys Capital, to discuss the evolving M&A landscape across physician practice management (PPM), ambulatory surgery centers (ASCs), and outpatient services. Together, they explore improving market sentiment, valuation expectations, and the specialties attracting the most investor interest, including oncology, ophthalmology, pain management, anesthesia, and infusion services. Jeanne also shares her...
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In this episode of Driving the Deal, Brian Fortune, Senior Managing Director of Farragut Square Group, is joined by Hope Amsterdam, Vice President at Farragut Square Group, and Jeffrey Davis, Senior Director at McDermott+ and author of Regs & Eggs, to unpack the 2027 Medicare Advantage final rate announcement and the policy debates shaping the future of the program. The conversation covers the dramatic shift from the initial proposed flat update to the stronger final rate increase, the ongoing evolution of risk adjustment and V28, and what CMS’s approach signals for MA plans moving...
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In this episode of Driving the Deal, Brian Fortune, Senior Managing Director of Farragut Square Group is joined by Hope Amsterdam, Vice President at Farragut Square Group, and Jeffrey Davis, Senior Director at McDermott+ and author of Regs & Eggs, for a recap of the major CMS spring regulatory updates impacting providers across the healthcare landscape. Together, they break down key developments in hospice, skilled nursing, inpatient psych, and hospital payment policy, including FY rate updates, evolving CMS oversight priorities, and the proposed nationwide expansion of the CJR model. The...
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Employer-sponsored healthcare is quickly becoming one of the most active areas in healthcare M&A. In this episode of Driving the Deal, host Brian Fortune, Senior Managing Director at Farragut Square Group, is joined by Trey Marinello, Managing Director in Houlihan Lokey’s Healthcare Group, and by colleague, Kate McDonald, Partner and co-chair of McDermott Will & Schulte’s managed care group. The group discusses where capital is flowing across the employer health ecosystem, including TPAs, cost containment, and alternative health plans, as well as forces shaping the market, from...
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In this episode of Driving the Deal, host Brian Fortune, Senior Managing Director at Farragut Square Group, is joined by Dudley Baker and Luiz Greca, Managing Directors in Houlihan Lokey’s Healthcare Group and co-leads of the firm’s Healthcare Technology (HCIT) practice. Framed around where AI is productive, disruptive, and overhyped, the conversation explores how AI is driving efficiencies across administrative workflows, revenue cycle management, and payer operations, while also becoming a key diligence and valuation consideration in nearly every deal. The group also discusses where...
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This special series of the Governing Health podcast with SullivanCotter highlights developments in physician compensation governance and offers insight to healthcare organizations navigating the complex regulatory landscape of physician compensation arrangements. In this episode, Monica Wallace, Partner at McDermott Will & Schulte, and Tom Trachtman, Principal at SullivanCotter, discuss how organizations can build mature, defensible governance frameworks in an era of heightened enforcement. They explore the "Big Three" federal laws (Physician Self-Referral Law a/k/a the Stark Law,...
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In this episode of Driving the Deal, host Brian Fortune, Senior Managing Director at Farragut Square Group, unpacks McDermott Will & Schulte’s HPE Miami 2026 Conference, with Scott Kremeier, Managing Director at Piper Sandler. Together, they discuss what they saw on the ground in Miami and what it means for the rest of 2026. They dive into: A noticeable shift in investor sentiment Rising pitch activity and a steady return of deals to market Renewed interest in healthcare services after a quieter stretch Why middle-market activity is leading the rebound How AI is driving efficiency From...
info_outlineIn our final episode of our McDermott HealthEx series, Brian Fortune, Senior Managing Director at Farragut Square Group, and Krist Werling, Partner & Global Head of Health & Life Sciences at McDermott Will & Emery, welcome Robbie Allen, CEO of US Heart & Vascular, for a candid conversation on the state of physician practice management. They explore the shifting dynamics of the PPM market, what it takes to build a truly integrated and high-performing platform, and how evolving physician expectations, new tech, and regulatory pressures are shaping the future of the space.