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Liz Wol

PartnerNew York

Coleads McKinsey's research and client service teams for healthcare M&A, strategy, and corporate finance globally

Liz is a leader in McKinsey’s Healthcare Practice and our Strategy & Corporate Finance Practice. For the latter, she globally heads both the work in capability building in M&A and our offering for programmatic M&A strategy. Liz primarily advises healthcare clients on topics related to enterprise strategy and growth, optimal resource allocation, and M&A—including M&A strategy, proactive deal sourcing, integration planning, and M&A capability building.

Examples of Liz’s recent client work include the following:

  • supporting an array of healthcare clients on programmatic M&A strategy development and implementation, including target identification, outside-in pre-diligence, and target outreach and proactive sourcing strategy
  • supporting a regional health system and regional payor in developing enterprise strategy, including a portfolio of “bold moves” as well as service line and business unit strategies with capital allocation
  • leading programmatic M&A capability-building engagements for a large payor looking to acquire a series of growth assets and for a regional health system preparing to incorporate a portfolio of smaller provider systems
  • supporting several health systems in evaluating various joint-ventures and partnership opportunities; this work included strategic vision, business case and synergies, negotiation strategies, and risk mitigation planning
  • supporting integration planning and execution for an array of health systems, including regional, super-regional, and academic medical centers; topics included value capture, “day-one” planning, culture and change management, and interdependency management

Liz lives in New York City.


When evaluating M&A targets, use multiple metrics, not just your favorites,” blog entry, McKinsey & Company, March 2023

Overcoming the cost of healthcare transformation through partnerships,” McKinsey & Company, August 2022

Developing an effective M&A blueprint for insurers,” McKinsey & Company, March 2022

How one approach to M&A is more likely to create value than all others,” McKinsey & Company, October 2021

Unlocking value in large-deal healthcare M&A: How to achieve transformation during integration,” McKinsey & Company, June 2021

Healthcare’s evolving chessboard: M&A capabilities to accelerate long-term strategy,” McKinsey & Company, June 2021

A blueprint for M&A success,” McKinsey & Company, April 2020


Columbia Business School

Dartmouth College
BA, government