Deloitte Corporate Finance LLC advises Gastro Health P.L. on its recapitalization with Audax Private Equity
CHARLOTTE, N.C., August 30, 2016—Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Gastro Health P.L. (Gastro Health), a gastroenterology physician group and provider of practice management services, in its recapitalization with Audax Private Equity (Audax). The recapitalization closed on June 28, 2016.
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. Since its inception, the company has acquired 16 new centers, making it one of the largest gastroenterology practices in the country.
DCF provided exceptional support throughout the transaction process and brought together a diverse universe of investors and potential acquirors in a very competitive process. They were critical in assisting Gastro Health with strategic positioning to support negotiations and with facilitating a comprehensive due diligence process. We couldn’t be happier with the outcome.
– Alejandro Fernandez, chief executive officer, Gastro Health P.L.
Gastro Health is led by founders with a powerful vision to grow the company into a comprehensive, nationwide provider of gastroenterological care. We were pleased to assist Gastro Health through a complex reorganization and to help the team realize one step of its journey. Audax brings significant experience and resources that Gastro Health can leverage to accelerate its growth.
– Jason Porter, senior vice president, Deloitte Corporate Finance LLC
About Gastro Health, P.L.
Gastro Health provides specialized treatment of gastrointestinal disorders, nutrition and digestive health. It offers services such as advanced endoscopy, colorectal surgery, Crohn’s and colitis care, fast track colonoscopy, as well as anesthesia, clinical research, diagnostic imaging, infusion suite, RX dispensing and weight loss services. For more information on Gastro Health, visit www.gastrohealth.com.
About Audax Private Equity
Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Audax has invested over $3.5 billion in 99 platform and 499 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $10 billion in assets under management across its Private Equity, Mezzanine and Senior Debt businesses. For more information, visit the Audax Group website www.audaxgroup.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides Strategic Advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
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