The rise of Gastro Health — A timeline

Miami-based Gastro Health was the first gastroenterology practice to take on a private equity partner when it struck a deal with Audax Private Equity in 2016, and as the fourth year of their affiliation approaches, Becker's ASC Review wanted to reflect on their transaction activity to date:

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

January 2017: Gastro Health acquires private practice of Douglas M. Weissman, MD, in Coral Springs, Fla.

March 2017: Gastro Health acquires Delray Beach, Fla.-based South Palm GI.

April 2017: Gastro Health acquires Hollywood, Fla.-based Gastroenterology Consultants, its 25th South Florida location.

June 2017: Gastro Health acquires Miami-based Pediatric Gastroenterology Associates, becoming South Florida's largest pediatric gastroenterology provider.

July 2017: Gastro Health acquired Fort Myers, Fla.-based Digestive Health Physicians and Outpatient Anesthesia Specialists, its first acquisition outside of South Florida.

August 2017: Gastro Health acquires Gastrointestinal Center of Hialeah (Fla.)

October 2017: Gastro Health acquires West Palm Beach, Fla.-based Digestive Center of the Palm Beaches.

February 2018: Longtime Gastro Health CEO Alexander Fernandez departs the company suddenly. Mr. Fernandez served as Gastro Health's CEO since April 2009.

March 2018: Gastro Health names replacement CEO in Joseph Garcia.

April 2018: Gastro Health agrees to acquire Boynton Beach-based South Florida Gastroenterology Associates. Gastro Health completes the acquisition in September 2018.

August 2018: Gastro Health enters central Florida, acquiring Orlando's largest private practice gastroenterology group, Central Florida Gastroenterology.

Gastro Health makes a series of leadership appointments, naming Simon Frisch senior vice president of strategic operations and adding Chris Weinstein to the staff. Ms. Weinstein was tasked with helping the group prepare to branch out into other states, the first time out-of-state expansion was mentioned.

February 2019: Gastro Health enters into an agreement to acquire Longwood, Fla.-based Giles Gastroenterology Center, its second practice in the central Florida market.

April 2019: Gastro Health acquires Birmingham, Ala.-based Southeast Gastro, its first out-of-state acquisition.

September 2019: Gastro Health acquires Seattle-based Puget Sound Gastroenterology, its first acquisition away from its Florida base.

November 2019: Gastro Health acquired Fairfax-based Gastroenterology Associates of Northern Virginia.

More articles on surgery center: 
Tower Health facilities join Humana Medicare network — 3 details
Blue Cross, Cambia call off partnership days after Dr. Patrick Conway's resignation
3 updates affecting ASC payment, collections 

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers