Germantown, Tennessee-based One GI announced on November 30 that it purchased The Colon, Stomach, and Liver Center, LLC & Loudoun Endoscopy Group, LLC. This marks One GI’s fifth acquisition of the year.
Goodwin Procter LLP served as exclusive legal counsel to One GI, and Alvarez & Marsal’s Global Transaction Advisory Group, LLC provided key diligence. Cascadia Capital served as the financial advisor to CSL, and K&L Gates LLP served as legal counsel. The financial terms of the acquisition were not disclosed.
One GI is a gastroenterology management services organization formed by Webster Equity Partners in April 2020. One GI partners with GI physicians to help them manage, optimize and grow their practices. One GI consists of gastroenterology practices throughout Tennessee, Mississippi, Ohio, Kentucky and Indiana.
The Colon, Stomach, and Liver Center, LLC & Loudoun Endoscopy Group, LLC delivers comprehensive gastrointestinal and hepatology care to patients in Northern Virginia, West Virginia and Maryland. The practice is based in Lansdowne, Virginia and is run by eight doctors.
According to the LevinPro HC database, this acquisition represents the 557th Physician Medical Groups transaction and the 26th gastroenterology transaction of the year.
