10 private equity giants behind the ASC industry

Private equity has seen a huge growth opportunity in the ASC industry and the specialties the facilities offer, including gastroenterology and ophthalmology. 

Here are 10 major ASC-related organizations that are backed by private equity:

1. AmSurg

Private equity partner: KKR

KKR acquired Envision, AmSurg's parent company, in October 2018 for $9.9 billion. 

2. Compass Surgical Partners 

Private equity partner: Health Velocity Capital

In March 2022, Compass Surgical Partners secured a minority investment by Health Velocity Capital. 

3. Covenant Physician Partners

Private equity partner: KKR

KKR acquired Covenant Physician Partners, formerly Covenant Surgical Partners, in 2017. 

4. EyeCare Partners

Private equity partner: Partners Group

Partners Group acquired EyeCare Partners in 2019. 

5. Gastro Health

Private equity partner: Omers

In 2021, Gastro Health was sold to private equity company Omers. 

6. GI Alliance

Private equity partner: Apollo Hybrid

In September, GI Alliance finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.

7. Healthcare Outcomes Performance Co.

Private equity partner: Audax, Linden, and Frazier

HOPCo is a musculoskeletal practice management and value-based care platform backed by Audax.  

8. PE GI Solutions

Private equity partner: Kelso

Kelso acquired PE GI, formerly Physicians Endoscopy, in 2016. 

9. Surgery Partners

Private equity partner: Bain Capital Private Equity

Surgery Partners snagged an $800 million equity offering in November. Bain Capital Private Equity participated with $225 million of the raise. 

10. ValueHealth

Private equity partner: Bryant Park Capital

Bryant Park Capital recently advised ValueHealth on its partnership with Surgery Partners. 

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