The healthcare industry is constantly changing and evolving. It is experiencing regulatory uncertainty, payer/provider convergence, and an increased focus on transparency. Patients are becoming active consumers who wish to ‘purchase’ treatment as they would retail goods. They seek pricing transparency, provider reviews, and a better experience (all while the industry continues to seek a better bottom-line). The market forces driving change, consumerization, and cost control, are driving another equally important trend: consolidation. It is the ongoing consolidation of a fragmented industry that sits at the intersection of healthcare and private equity, driving increased investment activity in the sector.