Here are 10 major ASC-related organizations that are backed by private equity:
1. AmSurg
Private equity partner: KKR
KKR acquired Envision, AmSurg’s parent company, in October 2018 for $9.9 billion.
2. Compass Surgical Partners
Private equity partner: Health Velocity Capital
In March 2022, Compass Surgical Partners secured a minority investment by Health Velocity Capital.
3. Covenant Physician Partners
Private equity partner: KKR
KKR acquired Covenant Physician Partners, formerly Covenant Surgical Partners, in 2017.
4. EyeCare Partners
Private equity partner: Partners Group
Partners Group acquired EyeCare Partners in 2019.
5. Gastro Health
Private equity partner: Omers
In 2021, Gastro Health was sold to private equity company Omers.
6. GI Alliance
Private equity partner: Apollo Hybrid
In September, GI Alliance finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
7. Healthcare Outcomes Performance Co.
Private equity partner: Audax, Linden, and Frazier
HOPCo is a musculoskeletal practice management and value-based care platform backed by Audax.
8. PE GI Solutions
Private equity partner: Kelso
Kelso acquired PE GI, formerly Physicians Endoscopy, in 2016.
9. Surgery Partners
Private equity partner: Bain Capital Private Equity
Surgery Partners snagged an $800 million equity offering in November. Bain Capital Private Equity participated with $225 million of the raise.
10. ValueHealth
Private equity partner: Bryant Park Capital
Bryant Park Capital recently advised ValueHealth on its partnership with Surgery Partners.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.