- Companies
- Gastro Health
Gastro Health Acquisition & Valuation
Gastro Health was acquired by Penfund and OMERS for $900M in July 2021.
About Gastro Health
Gastro Health is a Miami-based physician-practice support platform founded in 2006. It partners with gastroenterology medical groups and supports the diagnosis and treatment of digestive disorders. Affiliated clinicians provide consultations, colonoscopy, endoscopy, nutrition and related ancillary services through outpatient practices and procedure centers. Revenue is generated from reimbursed clinical services under commercial insurance, government programs and patient payments. At OMERS' 2021 acquisition, the platform supported more than 250 physicians across Alabama, Florida, Maryland, Ohio, Virginia and Washington. The company maintains physician participation while centralizing administrative, operational and growth functions. OMERS acquired the business from Audax and used Penfund financing that included a small equity component, making the event a buyout rather than the venture round currently recorded.
Founded
2006
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Services
Valuation
$900M (acquired Jul 2021)
Sectors
Gastro Health Acquisition
Gastro Health was acquired by Penfund and OMERS for $900M on 1 July 2021.
Gastro Health is a leading gastroenterology platform in the United States, headquartered in Miami, Florida, supporting practices in multiple states including Florida, Alabama, Maryland, Ohio, Virginia, and Washington. The company employs over 250 physicians and offers core GI procedures such as colonoscopies and endoscopies, along with ancillary services. In July 2021, Penfund led a US$90 million second lien credit facility and invested US$10 million in equity to support OMERS Private Equity's acquisition of Gastro Health from Audax Private Equity at a $900 million valuation. This transaction positioned Gastro Health for growth through its cohesive physician partnership model. Post-acquisition, Gastro Health expanded aggressively, adding practices in Virginia, Florida, Ohio, Maryland, and Massachusetts, and growing to over 400 physicians across 150 locations by supporting further market penetration in gastroenterology services.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 1 Jul 2021 | PE buyout | $900M |
Sources: omersprivateequity.com, omersprivateequity.com
Acquisitions by Gastro Health
Gastro Health has acquired 8 companies to date.
Last acquisition by Gastro Health was on March 1st 2021. Gastro Health acquired Digestive Disease Associates for undisclosed valuation.
Latest Acquisitions by Gastro Health
| Description | Digestive Disease Associates is a medical practice specializing in gastroenterology and hepatology services. It treats disorders of the stomach, intestines, and liver through diagnostic procedures, endoscopy, and therapeutic interventions. The Annapolis-based group expands its offerings with patient education programs and preventive care initiatives across Maryland facilities. | Associates in Gastroenterology, P.C. is a gastroenterology practice based in Mobile, Alabama. Five physicians provide colonoscopy screenings, endoscopy for GERD and ulcers, and treatment for IBD, hepatitis, and liver disease at clinics and affiliated hospitals like USA Health. The group offers infusion therapy for Crohn's disease and participates in clinical research trials for motility disorders. | Gastroenterology Associates of Northern Virginia is a multispecialty physician group delivering comprehensive gastroenterology services across Fairfax, Haymarket, and Prince William counties in Virginia. The practice offers diagnostic procedures such as colonoscopies, endoscopies, capsule endoscopy, and treatments for conditions including acid reflux, irritable bowel syndrome, inflammatory bowel disease, and liver disorders. Operating from six office locations and two ambulatory surgery centers, the group emphasizes patient-centered care with board-certified gastroenterologists and hepatologists. | Puget Sound Gastroenterology is a Seattle-based medical practice offering diagnostic endoscopy, colonoscopy, advanced therapeutic procedures, and treatment for conditions like inflammatory bowel disease and liver disorders. The group operates clinics in Kirkland, Issaquah, and downtown Seattle, with physicians affiliated to Virginia Mason Franciscan Health and Overlake Medical Center. Services extend to capsule endoscopy and ERCP for Puget Sound area patients referred by primary care providers. | |
| HQ Country | |||||
| HQ City | Baltimore, MD | - | Washington, DC | Seattle, WA | |
| Deal Date | 1 Mar 2021 | 1 Oct 2020 | 15 Nov 2019 | 23 Sep 2019 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Gastro Health acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Gastro Health Competitors
Gastro Health competitors include listed companies like Terveystalo, Clinica Baviera, Al Hammadi Holding and Thomson Medical, and private ones like Radiant Life Care Private Ltd and Hospitales MAC.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.4B | $259M | $885M | 1.2x | ||
| Publicly listed | $338M | $95M | $923M | 2.4x | ||
| Publicly listed | $329M | $98M | $934M | 2.8x | ||
| Publicly listed | $328M | $53M | $951M | 5.3x | ||
| Private | $64M | $11M | $816M | 12.8x | ||
| Private | $279M | - | $773M | 2.8x |
Gastro Health Public Comps
Gastro Health is no longer listed, but its public comps include Terveystalo, Clinica Baviera, Al Hammadi Holding, Thomson Medical, HealthCare Global Enterprises, Dr. Sulaiman Al Habib Medical Services, Infracore, Mitra Keluarga, Jupiter Life Line and Gushengtang Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | $259M | 1.1x | 1.2x | 6.2x | 6.6x | |||
| $338M | $95M | 2.6x | 2.4x | 9.2x | 8.4x | |||
| $329M | $98M | 3.0x | 2.8x | 10.2x | 10.9x | |||
| $328M | $53M | 5.5x | 5.3x | 34.4x | 26.0x | |||
| $268M | $45M | 4.2x | 3.8x | 24.7x | 20.1x | |||
| $410M | $110M | 2.5x | - | 9.4x | - | |||
| $29K | - | 36748.3x | - | - | - | |||
| $296M | $113M | 3.0x | 2.8x | 7.9x | 7.4x | |||
This data is available for Pro users. Sign up to see all Gastro Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Gastro Health
| When was Gastro Health founded? | Gastro Health was founded in 2006. |
| Where is Gastro Health headquartered? | Gastro Health is headquartered in Miami, FL, United States. |
| Is Gastro Health publicly listed? | No, Gastro Health was acquired by Penfund and OMERS in July 2021. |
| Who acquired Gastro Health? | Gastro Health was acquired by Penfund and OMERS in July 2021. |
| How much was Gastro Health acquired for? | Gastro Health was acquired for $900M in July 2021. |
| Which companies are comparable to Gastro Health? | Companies comparable to Gastro Health include Terveystalo, Clinica Baviera, Al Hammadi Holding, Thomson Medical, Radiant Life Care Private Ltd and Hospitales MAC. |
| How many companies has Gastro Health acquired? | Gastro Health has acquired 8 companies, including Digestive Disease Associates, Associates in Gastroenterology, P.C., Gastroenterology Associates of Northern Virginia, Puget Sound Gastroenterology and Southeast Gastro. |
See companies similar to Gastro Health
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




