A timeline of PE investment in GI

Private equity investors are turning their attention to the gastroenterology space. Here is a timeline of PE investments that will be updated as more deals close:

March 2016: Audax Private Equity enters into a deal with Miami-based Gastro Health.

November 2018: Waud Capital Partners and Southlake-based Texas Digestive Disease Consultants close a deal. They establish The GI Alliance, a practice management company based in Dallas.

December 2018: Frazier Healthcare Partners and Atlanta Gastroenterology Associates enter into a deal. They establish United Digestive, a practice management company.

April 2019: Gastro Health makes its first out-of-state acquisition acquiring Birmingham, Ala.-based Southeast Gastro, becoming the first PE-backed GI practice to expand out of its home state.

May 2019: Amulet Capital Partners unites Lancaster, Pa.-based Regional GI, Wyomissing, Pa.-based Digestive Disease Associates and Malvern, Pa.-based Main Line Gastroenterology Associates through a deal. It establishes US Digestive Health, a practice management company.

July 2019: The GI Alliance enters into a deal with Evanston-based Illinois Gastroenterology Group, becoming the first established PE-backed GI platform to expand.

August 2019: Jamison, Pa.-based Physicians Endoscopy and Silver Spring, Md.-based Capital Digestive Care enter into a strategic partnership, forming a management platform.

The GI Alliance invests in five ASCs owned by Texas Digestive Disease Consultants and Illinois Gastroenterology Group.

September 2019: The GI Alliance continues to rapidly grow, partnering with Beaumont-based Southeast Texas Gastroenterology Associates.

Gastro Health expands outside of the southeastern market, acquiring Seattle-based Puget Sound Gastroenterology.

October 2019: GI Alliance entered into a partnership with Phoenix-based Arizona Digestive Health, growing its affiliated network to more than 275 physicians in four states.

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