Healthcare deals,
handled by an operator.
Not a broker dressed as one.
JKMG Group is a Dallas-based healthcare business brokerage. We work sell-side, buy-side, and recap across pharmacy, physician practices, senior care, laboratories, and licensed agencies. Engagements are run by the CEO/Founder, who built and sold healthcare companies before he ever sold someone else's.
On the desk, now.
A working slice of what the desk is carrying. Mandates are anonymized by design — books, financials, and process phase open under signed NDA. Inventory rotates as transactions close, so what's listed here reflects only what's currently in market.
RPM Software Company
Wound-Graft Clinical Research
Hospice
Optometry & Medical Eye-Care
Internal Medicine Practice
Assisted Living Facility
Medical Land
Two Small PCR Labs
Toxicology Lab
Multi-Location Podiatry Platform
The current book.
The practice, plainly stated.
Twenty-plus client engagements across six states: sell-side, buy-side, and consulting, every one run senior-led. Closed-transaction detail available to serious counterparties on request.
We sell what we’ve run, and we’ve sat on both sides of that table.
Healthcare Brokerage.
End-to-end transaction work for founder-led healthcare companies. We position the asset, qualify the right buyers, run a real process, and protect the operator through close and after.
Brokerage is the practice. Every other thing the firm offers either feeds into a transaction or grows out of one. If you're a founder thinking about a sale, a recap, or a buy-side platform build, this is the door.
Engagements are run by the CEO/Founder. No associates fronting senior calls, no farmed-out diligence, no surprise team swap after the LOI.
Strategic Consulting.
For companies not ready for a transaction, or not interested in one. We consult on operating posture, growth thesis, and the value-creation work that makes a future transaction credible. This is a smaller line of work than the brokerage, and it's usually engaged 12 to 24 months ahead of any process.
Typical work: strategic consulting to vascular, lab, and house-call companies · operating diagnostics · growth thesis and capital posture · board-level counsel for founders and physician-owners.
How a JKMG engagement actually runs.
A network of operators who introduce well.
An invitation-based circle of physicians, advisors, and operators who refer the firm to the right founders at the right time.
The network is small. Members are people we trust to recognize a good practice when they see one, and to introduce us thoughtfully. In return, members move through four tiers (Entry Level, Growth, Strategic, Elite) with structured recognition for the quality and consistency of their referrals.
An operator first. A broker second.
Michael G. Morales
Mr. Morales is an accomplished business owner who has guided his companies through due diligence and capital-raising processes with investors, attorneys, family offices, and private equity firms. With over twenty years of expertise in healthcare management, strategic consulting, financial analysis, and compliance, he delivers tailored solutions to corporations, healthcare organizations, and their advisors.
His background as a healthcare company owner, not merely a consultant to one, enables him to support every stage of a transaction or strategic engagement: operational diagnostics, valuation, deal structuring, post-close governance, and strategic consulting. Whether the engagement is brokerage or board-level counsel, Mr. Morales draws on the operating experience that built the firms he now sells and serves.
In 2018 he was the first user provisioned on Oracle Autonomous Database, and opened Oracle OpenWorld that year as the warm-up speaker for Larry Ellison. Healthcare wasn't always the obvious through-line, but the operator's habit of building things that have to actually work was.
He has founded multiple healthcare companies, several of which he later sold, and continues to serve as strategic consultant to vascular, laboratory, and physician house-call companies.
B.S., Science Pre-Professional · Minor, Anthropology
Class President
Several sold; consulting roles ongoing
First provisioned user, Oracle Autonomous DB
What the desk is targeting.
Acquisition criteria — the practice types our buyers have asked the desk to find. These are not active listings; live deals sit in §01 Active Mandates. Not sure what yours is worth? Start with a free confidential valuation estimate. Own one of these and thinking about a sale? Reach the desk at §07 Engage.
Pharmacy
- Retail
- Compound
- Specialty Infusion
Physician Practices
- PodiatryDFW
- Primary CareDFW
- Internal MedicineDFW
- CardiologyDFW
- Eye PracticesTX / US two or more doctors
Senior Care
- Assisted LivingDFW
- Skilled NursingTX single location
Laboratories
- PathologyUS
- Path · PCRUS
Imaging
- Imaging CentersUS
Agencies · TX
- Home Health
- Hospice
- DME
Tell the desk what you're working on.
Every inquiry routes to the CEO/Founder first. We don't gatekeep through associates. If a call makes sense, you'll hear back as soon as the desk reviews it.
If you're a founder considering a sale or recap, start here. If you're a sponsor or strategic with an active mandate, also here. If you'd rather just talk before filling out anything, the desk line below is direct.
- Voice
- (972) 839-6333
- Desk
- Dallas, Texas
- Hours
- Mon–Fri · 08:30–18:00 CT
Questions the desk gets.
Straight answers to what owners and buyers ask before a first call. The full set, including buy-side work, valuation method, and diligence, is at jkmggroup.com/faq.
What does JKMG Group do?
JKMG Group is a Dallas-based healthcare business brokerage, established in 2014, that handles healthcare M&A on an asset-sale basis. The desk represents owners selling physician practices, pharmacies, labs, agencies, and senior-care businesses, and buyers acquiring them, across Dallas-Fort Worth, Texas, and other U.S. markets by engagement. Every engagement is run senior-led by the CEO and Founder.
What is my medical practice worth?
It depends on normalized EBITDA or owner earnings, revenue, specialty, payer mix, provider dependence, growth, regulatory risk, and current buyer demand, not one generic multiple. The free indicative range on this site takes about sixty seconds, and a senior-reviewed estimate follows within one business day. You can run either before deciding anything about a sale.
How long does it take to sell a medical practice or pharmacy?
Roughly a year end to end. Once a mandate is live, sell-side processes in physician practice and pharmacy typically run six to ten months from intake to close. The slowest step is almost always how quickly the seller can produce diligence items.
How confidential is the process?
Confidential by default. Opportunities go to market as de-identified one-page teasers with no practice name, and financials, location detail, and identity are released only to qualified buyers after a signed NDA. Your staff do not need to know a process is underway.
Do I have to sell to private equity?
No. The buyer pool for a healthcare business includes individual physicians, healthcare operators, regional groups, strategic acquirers, family offices, and private-equity-backed platforms. The desk maps that universe to your objectives instead of defaulting to one buyer type.
Can I keep working after I sell?
Yes. Many healthcare transactions include a transition period or continued employment for the selling physician or owner. The terms depend on the buyer, your objectives, compensation, and what the practice needs to keep running.
What increases the value of a medical practice?
Sustainable profitability on clean financials, a recurring patient panel, a favorable payer mix, provider coverage beyond the owner, diversified referral sources, compliant operations, capable management, and room to add providers or ancillary services. Heavy owner dependence works against you.
What makes JKMG different from a traditional business broker?
Healthcare only, run from an operator's seat. The Founder built and ran healthcare companies before brokering them, and every engagement stays senior-led from preparation through buyer outreach, negotiation, diligence, and closing. Inquiries go to the CEO and Founder first, not to associates.