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.

About the role

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.

Responsibilities

• 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