Apollo Invests in GI Alliance in Physician-led Buyout as Waud Capital Exits
September 15, 2022
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.
- Buyers
- Funds managed by Apollo (Apollo Hybrid Value funds), GI Alliance physician owners (led by James Weber, M.D.)
- Targets
- GI Alliance
- Sellers
- Waud Capital Partners
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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