Who We Are
Healthcare M&A Specialists You Can Trust
Billable Health Advisors was built on a single conviction: healthcare business owners deserve advisors who understand their world — not generalists who treat a medical practice like any other transaction.
Our Mission
We exist to help healthcare entrepreneurs and operators navigate the most consequential financial decisions of their careers — with integrity, expertise, and unwavering confidentiality. Every transaction we touch represents someone's life's work, and we treat it that way.
Our Story
Billable Health Advisors was founded by professionals who spent years inside healthcare — as operators, advisors, and investors — before launching a firm dedicated exclusively to M&A in the sector.
We've seen firsthand how general business brokers mishandle healthcare transactions: undervaluing practices, misreading payer dynamics, and failing to protect sellers from unfavorable deal terms. We built this firm to do it differently.
Today, we serve clients across the full spectrum of healthcare — from independent physician practices and dental groups to behavioral health platforms, home health agencies, and ambulatory surgery centers.
What We Stand For
Our Core Values
Confidentiality
Every engagement begins and ends with discretion. We protect your identity, your intentions, and your business at every stage of the process.
Specialization
We work exclusively in healthcare. That focus gives us insight no generalist can match — in valuation, regulation, and buyer relationships.
Alignment
We succeed only when you do. Our fee structure is tied to transaction outcomes, not hourly billing — so our incentives are always aligned with yours.
Integrity
We give you honest assessments, even when the news is hard. You deserve accurate information to make the best decision for your future.
Leadership
Our Team
James R. Caldwell
Founder & Managing Director
20+ years in healthcare finance and M&A. Former investment banker and healthcare operator with a track record of closing complex transactions across physician groups, behavioral health, and post-acute care.
Maria L. Santos
Director, Sell-Side Advisory
Specializes in sell-side representation for independent practices and multi-site healthcare groups. Former healthcare CFO with deep expertise in revenue cycle normalization and pre-sale positioning.
David K. Park
Director, Buy-Side & Strategy
Leads buy-side engagements for private equity and strategic acquirers. Background in healthcare investment banking and operational due diligence across ambulatory, dental, and behavioral health platforms.