The company is the lead investor in a $90 million second lien credit facility and also injected $10 million in equity, which supported Omers Private Equity’s acquisition of Gastro Health in the second quarter.
Gastro Health is the second-largest gastrointestinal physician practice management platform in the country, employing more than 250 physicians in Alabama, Florida, Maryland, Ohio, Virginia and Washington.
The platform also offers an array of gastrointestinal procedures, including colonoscopies, endoscopies and ancillary services.
“We are impressed with the platform the Gastro Health team has built,” Adam Breslin, a partner at Penfund said in a July 7 news release. “The cohesive partnership model it has created with its physicians in Florida and other states positions the company for tremendous future success.”
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.