8 GI PE deals in 2020 so far & 4 notable developments 

After a banner year for activity in 2019, COVID-19 disrupted private equity investment in the gastroenterology space. Yet activity has resumed as the year winds down to a close. 

Do you have thoughts on PE investment in the specialty? Email Eric Oliver at eoliver@beckershealthcare.com

Here's a breakdown of the eight deals that have closed in 2020 so far: 

January: Miami-based Gastro Health acquired Gastroenterology Associates of Osceola in Kissimmee, Fla., Digestive Care in Boca Raton, Fla., and Associates in Gastroenterology in Woodbridge, Va.

March: Dallas-based GI Alliance acquired Gastroenterology Consultants of San Antonio. 

April: Private equity firm Webster Equity Partners established One GI, through a partnership with Memphis, Tenn.-based Gastro One.

May: Exton, Pa.-based US Digestive Health expanded its presence in Pennsylvania by partnering with Carlisle (Pa.) Digestive Disease Associates.

July: GI Alliance partnered with Peoria-based Illinois Gastroenterology Institute. 

October: Gastro Health partnered with Cincinnati-based Ohio Gastroenterology & Liver Institute and Woodbridge, Va.-based Associates in Gastroenterology in two separate deals, the platform announced Oct. 1.

November: GI Alliance partnered with Hinsdale (Ill.) Gastroenterology Associates and Carl Calandra, DO. 

US Digestive Health partnered with West Chester (Pa.) GI Associates. 

There were several notable developments in 2020: 

1. US Digestive Health made its first post-formation acquisition in May and followed that add-on deal with another transaction in November. 

2. The longest established platform, Gastro Health, made a pair of deals to grow its market presence away from its home base in Miami, establishing locations in Virginia and Ohio. 

3. The largest platform, GI Alliance, continued to build on its largest bases, making add-on transactions in Texas and Illinois. 

4. One new platform was established in 2020: Webster Equity Partners formed One GI. Read more on the platform here

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