While gastroenterology deal activity has declined sharply over the past three years, momentum is expected to continue as independent practices pursue consolidation to gain scale and modernization benefits, according to a Q1 2025 corporate finance report from KPMG.
Despite the downturn, consolidation remains a strategic priority for many GI groups seeking to enhance their capabilities through electronic health record systems, modern endoscopy equipment, specialized software and ancillary services.
A breakdown of GI physician practice M&A activity by year:
2022: 27
2023: 19
2024: 11
A breakdown of the deals by region:
South: 29
Northeast: 15
West: 8
Midwest: 5
