Audax-backed Gastro Health adds-on Puget Sound Gastroenterology

Audax Private Equity-backed Gastro Health added-on Puget Sound Gastroenterology, a gastro platform of 32 providers based in Seattle, Washington, with four additional locations throughout western Washington. The deal represents Gastro’s sixteenth acquisition since Audax’s 2016 investment.

Press Release

Audax Private Equity portfolio company, Gastro Health, acquires Puget Sound Gastroenterology

The Company
Puget Sound Gastroenterology (“PSG”) is a gastroenterology platform of 32 providers headquartered in Seattle, WA with four additional locations throughout western Washington.

The Deal
Gastro Health, a portfolio company of Audax Private Equity (“Audax”), has completed the acquisition of Puget Sound Gastroenterology (“PSG”), representing the company’s 16th acquisition since Audax’ investment and second regional platform outside of Florida.

The Thesis
In June 2016, Audax partnered with Gastro Health, a leading gastroenterology physician practice management company based in Florida. In addition to continuing to grow organically, Gastro Health will look to continue building on its leading national platform through acquisitions in existing and new markets. To support this strategy, the Company is seeking add-on acquisition opportunities of all sizes, from small tuck-ins in Florida, Alabama and Washington to regional “platform” acquisitions.