Analyst - Healthcare M&A

CORPORATE PROFILE

Ziegler is a leading, privately held investment bank focused exclusively on the healthcare industry. For more than a century, Ziegler has advised healthcare organizations on strategic transactions, capital raising, and growth initiatives. Ziegler’s Healthcare Investment Banking practice is one of the most active advisory platforms in the sector, providing innovative sell-side, buy-side, recapitalization, restructuring, private placement, joint venture, and strategic advisory services to health systems, healthcare companies, and investors. BUSINESS UNIT Ziegler’s

Healthcare Investment Banking team

advises health systems, academic medical centers, physician groups, and healthcare services and life sciences companies on mergers, acquisitions, joint ventures, and capital formation strategies. The

Health Systems and Strategic Partnerships team

is a senior led group advising health systems, academic medical centers, and innovative healthcare companies on

M&A, joint ventures, carve outs, and growth capital raises

. Recent engagements include a sell side process for a healthcare services company, a growth equity raise for a radiopharmaceutical platform company, and hospital acquisition and service line carve out work for an academic health system. The team operates with a

highly collaborative and flat structure

, allowing analysts to work directly with senior bankers, health system executives, and boards throughout the transaction process. POSITION OVERVIEW Ziegler is seeking a highly motivated

Investment Banking Analyst

to join its

Health Systems and Strategic Partnerships Advisory team

in New York. Unlike larger investment banks where responsibilities are often highly segmented, analysts at Ziegler are

fully integrated into deal teams

and play an active role across all phases of transaction execution and business development. Analysts work directly with Managing Directors, Vice Presidents, and Associates and have the

unique opportunity to engage with health system executives, boards, investors, and strategic partners early in their careers

. The role offers meaningful exposure to live transactions and provides strong mentorship and training within a collaborative team environment. This position is ideal for candidates seeking

hands-on experience, significant responsibility, and direct client interaction

within a leading healthcare-focused investment banking platform. Candidates should be located in, or willing to relocate to, the New York area. Our team works across several Ziegler offices, so candidates should be comfortable collaborating with a distributed team. KEY RESPONSIBILITIES The Analyst will play a central role in both transaction execution and business development efforts, including: Building detailed

financial models and valuation analyses

, including DCF, trading and transaction comparables, sum of the parts, and joint venture economics, to support live transactions and client engagements Preparing transaction materials including

Confidential Information Memoranda (CIMs), management and investor presentations, board materials, and buyer and investor outreach materials Supporting

all phases of M&A, joint venture, and capital raising transactions

, including marketing, investor targeting, diligence coordination, and closing processes Managing and organizing

virtual data rooms and diligence materials

for active transactions Conducting

industry research, market analysis, and strategic positioning work

for health systems and healthcare companies, including service line, market share, and payer mix analysis Assisting with the preparation of

client presentations and new business development materials Supporting outreach and market coverage efforts, including identifying and engaging prospective clients, buyers, investors, and strategic partners Maintaining the team's

health system coverage database

, pipeline tracking, and market intelligence Participating in

client and board meetings, buyer calls, and investor discussions

, gaining direct exposure to transaction processes and strategic decision-making Using

AI and automation tools

to accelerate research, analysis, and the production of client materials PROFESSIONAL QUALIFICATIONS The successful candidate possesses the following qualities: 0 to 2 years of experience in investment banking, healthcare consulting, or a related finance role

, ideally with M&A or capital markets exposure; exceptional recent graduates will be considered Bachelor’s degree in

Finance, Economics, Accounting, Mathematics, or another analytical discipline Strong

financial modeling and valuation skills

, including experience with transaction analysis Solid

accounting knowledge and proficiency in three-statement financial analysis Genuine

interest in health systems and healthcare delivery

; coursework or experience in hospital finance or reimbursement is a plus Advanced proficiency in

Microsoft Excel and PowerPoint; familiarity with AI tools and data platforms such as Capital IQ, PitchBook, and Definitive Healthcare is a plus Strong analytical thinking, attention to detail, and problem-solving ability Excellent written and verbal communication skills PERSONAL QUALIFICATIONS Successful candidates will demonstrate: Strong interpersonal skills and the ability to

communicate effectively with senior professionals and clients Exceptional organizational and time management abilities A proactive, self-starting mindset with the ability to manage multiple projects simultaneously A strong work ethic and the ability to thrive in a

fast-paced, transaction-driven environment Intellectual curiosity and a willingness to quickly learn new concepts and industries The ability to work both

independently and collaboratively within a team environment Comfort working on a

distributed team

, with the judgment to communicate proactively and manage workflow across offices Flexibility to work extended hours and periodic travel to client sites and team offices as required in an investment banking role Analyst Development and Mentorship Ziegler offers analysts a

highly hands-on learning environment

within a collaborative and entrepreneurial team structure. Analysts benefit from: Direct mentorship from senior bankers Meaningful responsibility on live transactions from the outset Direct client engagement and participation in transaction discussions Exposure to all aspects of the M&A process from origination through closing Breadth across products, including M&A, joint ventures, strategic partnerships, and growth capital raises, rather than a single product focus Opportunities to develop deep expertise in the rapidly evolving

health system and healthcare innovation sectors Equal Opportunity Ziegler is proud to be an equal opportunity workplace dedicated to building and supporting a diverse workforce.