The private equity-backed GI Alliance has had a busy year. With the support of Waud Capital Partners, GI Alliance has announced five deals so far in 2021, expanding its physician network across several markets.
The latest was announced last week for Colorado Gastroenterology for an undisclosed sum. Colorado Gastroenterology, with three locations in Denver and Aurora, offers a full spectrum of gastrointestinal services, from routine preventive and diagnostic procedures to treatment of the most complicated gastrointestinal and liver conditions. The practice has four physicians.
In March, GI Alliance struck a deal down in Texas, partnering with Austin Gastroenterology. The practice was founded in January 2001 through the merger of two successful regional practices. Austin Gastroenterology has grown throughout central, north, and south Austin through its 18 clinics, 3 endoscopy centers, 36 board-certified physicians and 29 advanced practice providers.
At the start of the year, in January, GI Alliance announced three deals within two days. On January 6, the group partnered with GI Associates of Chicago, a five-physician practice providing comprehensive liver and gastroenterology services to residents on the south side of Chicago, and Cleburne Endoscopy Center, located 35 miles south of downtown Fort Worth, Texas.
On January 6, another deal in Texas was announced for Digestive Health Associates of Texas. The practice provides comprehensive patient care and treatment of digestive and liver disorders for adult and pediatric patients. At the time of the deal, it had 81 physicians in more than 60 offices and ambulatory surgery centers in the Dallas/Fort Worth metroplex.
