Primary Care Report: Access Through Investment and Innovation

Primary care sits at the center of the healthcare system, essential for coordinating services, enhancing patient outcomes, improving access and equity, and managing costs. This vital role, combined with a shift toward value-based care models and advancements in technology, is driving innovation in care delivery and reshaping reimbursement structures.

The sector continues to capture strong investor attention, particularly because of its link to cost savings. “Primary care services drive measurable health benefits and reduce overall healthcare costs by emphasizing prevention, early detection, and comprehensive care,” says James Clark, a managing director in our Healthcare & Life Sciences Group.

Leading primary care providers are serving as the central hub for referrals while managing chronic conditions, which improves care integration and delivers more personalized treatment. This leads to better health outcomes and creates a more efficient and sustainable healthcare system. As the industry continues to move away from fee-for-service, these platforms are uniquely positioned to generate value for both patients and investors. For every dollar invested in primary care, an estimated $13 is saved on future expenses like advanced treatments and hospitalizations.¹ Patients with a dedicated primary care provider also incur 27% lower annual healthcare costs on average, driven by fewer emergency room visits and hospital admissions.²

Meanwhile, the historically fragmented primary care landscape is consolidating as health systems, payers, and private equity-backed groups acquire platforms to better control costs and accelerate value-based care initiatives. “We see a tremendous amount of opportunity for investors to deploy capital behind primary care models that are helping expand access to high quality, comprehensive care and shift more patients into value-based models,” adds Clark.

In our new primary care report, our senior professionals further explore these themes and share:

• Key sector trends driving growth potential

• An overview of primary care models

• Recent primary care M&A activity

• A market map of actionable opportunities

1. The Impact of Primary Care on Health Outcomes (agilon health)

2. The Effect of Primary Care Visits on Total Patient Care Cost: Evidence From the Veterans Health Administration

To receive this report and further discuss primary care M&A opportunities, please contact us at PrimaryCareInsights@harriswilliams.com.