Abe M’Bodj, an Associate at Provident, spoke to Becker’s ASC Review about the recent transactions and what’s on the horizon for the gastroenterology sector.
Note: Responses were lightly edited for style.
Question: What stands out to you about third-quarter activity in the GI sector?
Abe M’Bodj: During the third quarter, there were two highly notable transactions that allowed existing private equity platforms to expand into new states. [Miami-based] Gastro Health’s acquisition of [Seattle-based] Puget Sound Gastroenterology expanded its presence from Florida and Alabama to Washington. This was a big leap for Gastro Health to move to the Pacific Northwest, but it is proving that it’s able to craft unique partnerships around the country. The GI Alliance also made its first large out-of-state acquisition in the third quarter, acquiring [Evanston-based] Illinois Gastroenterology Group. With about 50 doctors, this was a large transaction that provides The GI Alliance with a strong foothold in the Midwest market.
To access the full article click on the following link: PE investment in gastroenterology will likely continue into 2020 — 3 insights
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