Becker's Healthcare September 19, 2024
Gastroenterology, while still largely independent, has seen an overall increase in consolidation with the rise of supergroups like Dallas-based GI Alliance.
The group already operates over 800 locations and has added at least four this year in Colorado, Illinois, Missouri and Rhode Island, more than any other single group.
In 2022, GI Alliance completed a physician-led buyout facilitated by a $785 million investment from Apollo Hybrid Value funds, a private equity group. GI Alliance is also backed by Waud Capital Partners, another PE firm. Gastroenterology is the most common specialty among ASCs, making up 32% of all cases, according to VMG Health’s “Multi-Specialty ASC Benchmarking Study” for 2022.
Although the number of gastroenterology transactions saw a slight decline in...
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