Gastro Health, LLC, a portfolio company of OMERS Private Equity, announced on January 4 that it acquired Gastroenterology Associates, a 10-physician GI practice based in Olympia, Washington.
In addition to the 10 gastroenterologists that run the practice, Gastroenterology Associates has a team of nine advanced practice providers that treat a full range of GI conditions. The practice also offers in-office infusion services and operates anesthesia services.
Gastro Health is a medical group specializing in the treatment of gastrointestinal disorders, nutrition and digestive health. Gastro Health has a presence in Florida, Alabama, Washington, Virginia, Ohio, Maryland and Massachusetts, with more than 150 locations and more than 390 physicians consisting of medical office practices, infusion centers, imaging services and a specialty pharmacy.
This will be Gastro Health’s third partnership in the state of Washington and the first of 2023. The agreement also includes a joint venture with the state-of-the-art endoscopy center, Gastroenterology Associates Endoscopy Center, located in the same building as the office. The financial terms were not disclosed.
According to data captured from the LevinPro HC database, this acquisition marks the seventh Physician Medical Groups transaction of the year, and the first in the gastroenterology specialty.
