GI practice transactions down in 2023

Since 2016, gastroenterology practices have undergone a wave of consolidation as private equity-backed companies, including Gastro Health and United Digestive, have acquired hundreds of providers nationwide. 

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While transactions peaked in 2021, they saw a steady decline in 2023, according to Healthcare Appraisers’ 2023 GI Industry Outlook report, published in September. 

The number of private equity-backed GI transactions per year since 2016: 

2016: 4

2017: 14 

2018: 10 

2019: 15

2020: 13

2021: 39

2022: 27

2023: 14

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