Gastroenterology Private Equity | Market Update Spring 2022 | PGP

Gastroenterology Private Equity – Market Update

Spring 2022


Gastroenterology has emerged as an important sector of interest for private equity investment. Although the market is still in the early stage of consolidation, the industry has seen a transformative shift in the last 3 years. Seven of the 10 “platform” entities that PE firms are using to drive these efforts were established after May 2019 and the market has become increasingly active and competitive. This investment boost has led to new opportunities for independent physician groups to capitalize on what they have built and take part in future growth. Heightened deal activity and considerable dry powder in the market creates a unique window of opportunity yet to be seen in this industry. And despite the increased activity, favorable deal terms and competitive valuations are at all-time highs for both add-on acquisitions and initial platform investments. The outlook for private equity partnerships with gastroenterologists is strong and looks to be an attractive option for physician owners to achieve their goals and empower succession plans.

DateTargetPlatformPE SponsorState
April 2022Goldberg, Rosenstein, Khan & Forman, M.D.Gastro HealthOmersMD
February 2022Gastroenterology of Virginia BeachCapital Digestive CareKelsoVA
February 2022Greater Boston GastroenterologyGastro HealthOmersMA
January 2022GAB Endoscopy CenterGI AllianceWaud CapitalTX
January 2022South Plains Endoscopy CenterGI AllianceWaud CapitalTX
January 2022Digestive Health AssociatesOne GIWebster Equity PartnersIN
January 2022Digestive Disease ConsultantsGI AllianceWaud CapitalIL
January 2022Optimal Digestive CareGastro HealthOmersMD
January 2022Gastroenterology AssociatesGastro HealthOmersFL
January 2022GI SpecialistsU.S. Digestive HealthAmulet CapitalPA
January 2022Washington GastroenterologyGI AllianceWaud CapitalWA
December 2021Digestive Disease ConsultantsOne GIWebster Equity PartnersOH
December 2021North Coast EndoscopyOne GIWebster Equity PartnersOH
December 2021Great Lakes GastroenterologyOne GIWebster Equity PartnersOH
December 2021Gastroenterology Associates of Southwest FloridaUnited DigestiveFranzier Healthcare PartnersFL
December 2021Digestive Care PhysiciansUnited DigestiveFranzier Healthcare PartnersGA
December 2021East Valley GastroenterologyGastro HealthOmersAZ
November 2021Digestive Care Center in North MiamiGastro HealthOmersFL
November 2021DeKalb Gastroenterology AssociatesUnited DigestiveFranzier Healthcare PartnersGA
October 2021Associates in Digestive HealthUnited DigestiveFranzier Healthcare PartnersFL
October 2021Gastroenterology Associates of FloridaGI AllianceWaud CapitalFL

About Our Firm

Physician Growth Partners (PGP) is a transaction advisory firm working exclusively with independent physician groups in transactions with private equity.

Differentiated Healthcare Transaction Advisors:

  • Senior partner involvement at every stage of the process
  • Extensive physician practice transaction experience
  • Unmatched relationships with all key private equity and strategic buyers interested in gastroenterology
  • Educational approach focusing on both partnership and cultural fit, while simultaneously achieving a market clearing valuation

Learn More About Gastroenterology Private Equity