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Provident Healthcare Partners Provident Healthcare Partners

Q4 2023 Gastroenterology Update

Provident Healthcare Partners
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Q4 2023 Gastroenterology Update

Gastroenterology continues to be an active M&A sector within physician services as Q4-23 was characterized by continued add-on acquisitions. This quarter featured less transaction activity than we have seen throughout the year, however, organic growth announcements were more prevalent.

Both Gastro Health and US Digestive Health closed small add-on acquisitions in Virginia and Pennsylvania, two states that each respective platform has a strong presence in. Platforms continue to focus their M&A efforts on building geographic density within their core states. Looking ahead, there are two large independent practices in the Northeast that will likely close with private equity-backed platforms in Q1 or Q2 ‘24.

In addition to the observed M&A activity, Gastro Health, Gastro Care Partners, and USDH had material announcements regarding new locations opening this quarter. As these platforms mature, organic growth and investment in infrastructure will be a complementary growth lever to M&A.

To print and download the full Gastroenterology Update report, please click below…

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