Since 2016, gastroenterology practices have undergone a wave of consolidation as private equity-backed companies, including Gastro Health and United Digestive, have acquired hundreds of providers nationwide.
While transactions peaked in 2021, they saw a steady decline in 2023, according to Healthcare Appraisers' 2023 GI Industry Outlook report, published in September.
The number of private equity-backed GI transactions per year since 2016:
2016: 4
2017: 14
2018: 10
2019: 15
2020: 13
2021: 39
2022: 27
2023: 14