Gastroenterology Private Equity
Gastroenterology has emerged as an important sector of interest for private equity investment. Although the market is still in the early stage of consolidation, the industry has seen a transformative shift in the last 3 years. Seven of the 10 “platform” entities that PE firms are using to drive these efforts were established after May 2019 and the market has become increasingly active and competitive. This investment boost has led to new opportunities for independent physician groups to capitalize on what they have built and take part in future growth. Heightened deal activity and considerable dry powder in the market creates a unique window of opportunity yet to be seen in this industry. And despite the increased activity, favorable deal terms and competitive valuations are at all-time highs for both add-on acquisitions and initial platform investments. The outlook for private equity partnerships with gastroenterologists is strong and looks to be an attractive option for physician owners to achieve their goals and empower succession plans.

| Date | Target | Platform | PE Sponsor | State |
| April 2022 | Goldberg, Rosenstein, Khan & Forman, M.D. | Gastro Health | Omers | MD |
| February 2022 | Gastroenterology of Virginia Beach | Capital Digestive Care | Kelso | VA |
| February 2022 | Greater Boston Gastroenterology | Gastro Health | Omers | MA |
| January 2022 | GAB Endoscopy Center | GI Alliance | Waud Capital | TX |
| January 2022 | South Plains Endoscopy Center | GI Alliance | Waud Capital | TX |
| January 2022 | Digestive Health Associates | One GI | Webster Equity Partners | IN |
| January 2022 | Digestive Disease Consultants | GI Alliance | Waud Capital | IL |
| January 2022 | Optimal Digestive Care | Gastro Health | Omers | MD |
| January 2022 | Gastroenterology Associates | Gastro Health | Omers | FL |
| January 2022 | GI Specialists | U.S. Digestive Health | Amulet Capital | PA |
| January 2022 | Washington Gastroenterology | GI Alliance | Waud Capital | WA |
| December 2021 | Digestive Disease Consultants | One GI | Webster Equity Partners | OH |
| December 2021 | North Coast Endoscopy | One GI | Webster Equity Partners | OH |
| December 2021 | Great Lakes Gastroenterology | One GI | Webster Equity Partners | OH |
| December 2021 | Gastroenterology Associates of Southwest Florida | United Digestive | Franzier Healthcare Partners | FL |
| December 2021 | Digestive Care Physicians | United Digestive | Franzier Healthcare Partners | GA |
| December 2021 | East Valley Gastroenterology | Gastro Health | Omers | AZ |
| November 2021 | Digestive Care Center in North Miami | Gastro Health | Omers | FL |
| November 2021 | DeKalb Gastroenterology Associates | United Digestive | Franzier Healthcare Partners | GA |
| October 2021 | Associates in Digestive Health | United Digestive | Franzier Healthcare Partners | FL |
| October 2021 | Gastroenterology Associates of Florida | GI Alliance | Waud Capital | FL |
About Our Firm
Physician Growth Partners (PGP) is a transaction advisory firm working exclusively with independent physician groups in transactions with private equity.
Differentiated Healthcare Transaction Advisors:
- Senior partner involvement at every stage of the process
- Extensive physician practice transaction experience
- Unmatched relationships with all key private equity and strategic buyers interested in gastroenterology
- Educational approach focusing on both partnership and cultural fit, while simultaneously achieving a market clearing valuation
Interested in learning more about market insights, valuation trends, and strategic opportunities?
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