Private equity has seen a huge growth opportunity in the ASC industry and the specialties the facilities offer, including gastroenterology and ophthalmology.
Here are 10 major ASC-related organizations that are backed by private equity:
1. AmSurg
Private equity partner: KKR
KKR acquired Envision, AmSurg's parent company, in October 2018 for $9.9 billion.
2. Compass Surgical Partners
Private equity partner: Health Velocity Capital
In March 2022, Compass Surgical Partners secured a minority investment by Health Velocity Capital.
3. Covenant Physician Partners
Private equity partner: KKR
KKR acquired Covenant Physician Partners, formerly Covenant Surgical Partners, in 2017.
4. EyeCare Partners
Private equity partner: Partners Group
Partners Group acquired EyeCare Partners in 2019.
5. Gastro Health
Private equity partner: Omers
In 2021, Gastro Health was sold to private equity company Omers.
6. GI Alliance
Private equity partner: Apollo Hybrid
In September, GI Alliance finalized its physician-led buyout facilitated by a $785 million investment from private equity firm Apollo Hybrid Value.
7. Healthcare Outcomes Performance Co.
Private equity partner: Audax, Linden, and Frazier
HOPCo is a musculoskeletal practice management and value-based care platform backed by Audax.
8. PE GI Solutions
Private equity partner: Kelso
Kelso acquired PE GI, formerly Physicians Endoscopy, in 2016.
9. Surgery Partners
Private equity partner: Bain Capital Private Equity
Surgery Partners snagged an $800 million equity offering in November. Bain Capital Private Equity participated with $225 million of the raise.
10. ValueHealth
Private equity partner: Bryant Park Capital
Bryant Park Capital recently advised ValueHealth on its partnership with Surgery Partners.