Strong consolidation activity characterized the physician services sector in the third quarter of 2019, according to Provident Healthcare Partners' "Q3-2019 Physician Services Update."
September:
1. Miami-based Gastro Health acquires Seattle-based Puget Sound Gastroenterology, which has 24 physicians at four Washington locations.
2. The GI Alliance, an entity formed by Waud Capital Partners and Southlake-based Texas Digestive Disease Consultants, acquires Beaumont-based Southeast Texas Gastroenterology Associates, which has four physicians and two locations.
July:
3. The GI Alliance acquires Evanston-based Illinois Gastroenterology Group, which has 47 physicians across 29 locations in Illinois.
4. Nashville, Tenn.-based Covenant Surgical Partners acquires Gilbert-based Arizona Centers for Digestive Health, which has 11 Arizona locations and 17 physicians.