Audax Private Equity
("Audax") announced that it has entered into a definitive agreement with physicians and management to recapitalize
Gastro Health PL
("Gastro Health"). Headquartered in Miami, Florida, Gastro Health is a gastroenterology physician practice management company with 21 centers across South Florida. Gastro Health was founded in 2006 with the merger of GI Care Center, Gastroenterology Associates, and Gastroenterology Group. The company has acquired 16 new centers and on-boarded over 30 new physician partners since its founding.
Dr. Jim Leavitt, President/Co-Founder of Gastro Health, said "We are excited to have Audax as our new partner. Audax' support will enhance our ability to provide best in class care to our growing number of patients."
, MBA, CMPE, CEO of Gastro Health, said "Audax has a proven track record of helping companies complement organic expansion initiatives with add-on acquisitions. We are confident this partnership will position Gastro Health for continued growth and superior care."
Deloitte Corporate Finance advised Gastro Health.
Ropes and Gray LLP served as counsel to Audax. DLA
Piper LLP served as counsel to Gastro Health.