GI Alliance Partners with Austin Gastroenterology

GI Alliance / Waud Capital Partners Partner with Illinois Gastroenterology Group

July 26, 2019

Healthcare Services

GI Alliance, backed by Waud Capital Partners, announced a partnership with Illinois Gastroenterology Group (IGG), bringing IGG into the GI Alliance platform. Waud provided equity capital and GSO (Blackstone credit) provided financing; GI Alliance said it will support IGG's growth in the Midwest while preserving the practice's autonomy and investing in affiliated ambulatory surgery centers.

GI Alliance and Waud Capital Partners Partner with Arizona Digestive Health

October 16, 2019

Healthcare Services

GI Alliance announced a partnership with Arizona Digestive Health (ADH), bringing ADH into the GI Alliance platform while ADH retains clinical independence. Waud Capital Partners invested equity alongside existing GI Alliance physician partners to support the transaction, and GSO provided financing; Nexus Health Capital acted as ADH's advisor.

GI Alliance Invests in Five Physician-Owned Ambulatory Surgery Centers

August 26, 2019

Healthcare Services

GI Alliance, a physician-led gastroenterology services organization, invested alongside partner physicians in five ambulatory surgery centers: Dallas Endoscopy Center, Cross Timbers Surgery Center, Denton Surgery Center, Digestive Health Center of Thibodaux, and Elgin Gastroenterology Endoscopy Center. The investments aim to align physician and ASC interests, enhance patient care, and support independent GI practices across Texas, Louisiana and Illinois.

GI Alliance Partners with GastroArkansas

December 11, 2019

Healthcare Services

GI Alliance announced a partnership with GastroArkansas, bringing the Little Rock-based gastroenterology practice into GI Alliance's network and establishing the organization's presence in Arkansas. The deal adds 12 physicians and their staff to GI Alliance's platform as part of its targeted geographic expansion across the South-Central U.S.

Apollo Invests in GI Alliance in Physician-led Buyout as Waud Capital Exits

September 15, 2022

Healthcare Services

GI Alliance completed a physician-led buyout and recapitalization in which funds managed by Apollo committed a $785 million non-control investment, enabling physician owners led by James Weber, M.D. to hold a controlling equity stake. The transaction — which valued GI Alliance at $2.2 billion — marks Waud Capital Partners' exit and provides new capital and a strategic partnership to support continued national growth of the gastroenterology practice management platform.

GI Alliance Adds Digestive Health Associates of Texas

January 6, 2021

Healthcare Services

GI Alliance announced a partnership with Digestive Health Associates of Texas (DHAT), expanding GI Alliance’s footprint in the Dallas–Fort Worth metroplex and throughout Texas. DHAT, a large multi-location gastroenterology practice founded in 1996, will join GI Alliance to collaborate on operational support, clinical quality, and patient-centered GI care.