Vesey Street Capital Partners Completes Sale of Gastro MD
Vesey Street Capital Partners Announces Sale of Gastro MD
Vesey Street Capital Partners (VSCP) has made a significant move by completing the sale of Gastro MD to AGA, LLC, an affiliate of United Digestive. This strategic exit marks a notable achievement for VSCP, as the company has previously realized impressive growth and success while managing Gastro MD.
Transformational Growth under VSCP
During its tenure, Gastro MD experienced substantial progress, including doubling its provider base and creating state-of-the-art endoscopy centers. Additionally, the establishment of new office locations vastly improved accessibility to vital healthcare services.
Commitment to Clinical Excellence
Mike Doyle, Managing Partner at VSCP, emphasized that the focus on clinical excellence alongside a collaborative relationship with world-class physicians has been a crucial element of their success. He expressed satisfaction with the outcomes achieved during their ownership and is eager to witness the continued evolution of Gastro MD as part of the United Digestive network.
Unity in Healthcare Partnership
Dr. Vishal Gupta, the founder of Gastro MD, echoed Doyle's enthusiasm, affirming the robust partnership grounded in shared values and a commitment to delivering exceptional care to communities served. The alignment in vision between Vesey Street and Gastro MD has played a pivotal role in their achievements.
Future Prospects for Gastro MD
This transition reflects VSCP's strategy to be the preferred private equity partner for lower middle-market healthcare services companies, which positions Gastro MD to thrive in a future filled with significant potential. The alignment with United Digestive is anticipated to enhance the operational and clinical frameworks set in place, ensuring continued success.
Direct Negotiations and Strategic Development
Interestingly, this transaction was not facilitated by an investment banker, as it sprang from direct negotiations between the involved parties. Legal advisory was provided by McDermott Will & Schulte, indicating a well-coordinated effort to finalize the deal smoothly.
About Gastro MD
Founded in 2019 by physicians and experienced healthcare executives, Gastro MD aims to integrate clinical and business excellence in the digestive health space. They are committed to establishing a network of cutting-edge clinical practices, leading the way in high-quality care delivery. Gastro MD currently serves the greater Orlando and Tampa areas through five locations, ensuring that patients receive superior attention and treatment.
About Vesey Street Capital Partners
Vesey Street Capital Partners (VSCP) is recognized for its robust expertise in the private equity sector, focusing on health services in the lower middle market. Their successful history includes completing 44 transactions across 12 businesses and deploying $1 billion of equity capital, highlighting their capability and dedication to achieving outstanding results.
Media Contact Information
Tiffany Laing oversees investor relations at Vesey Street Capital Partners. For any inquiries, she can be reached at the firm's New York office located at 412 W 15th Street, 2nd Floor, New York, NY 10011. Phone communications can be directed to 646-847-2474.
Frequently Asked Questions
What is the significance of Vesey Street Capital Partners' sale of Gastro MD?
This sale marks a successful exit for Vesey Street Capital Partners, showcasing their strategic growth and value realized in their investment.
How did Gastro MD grow under Vesey Street Capital's ownership?
Gastro MD doubled its provider base and developed new facilities, significantly enhancing its service capabilities and community reach.
Who will oversee operations at Gastro MD following the sale?
Gastro MD will now be part of United Digestive, which will support its operational framework and continued growth in digestive health.
What are the future plans for Gastro MD?
Under the aegis of United Digestive, Gastro MD is set to thrive, leveraging combined resources and expertise to enhance patient care.
How can I learn more about Gastro MD?
Details about Gastro MD’s services and locations can be found on their official website, providing insight into their healthcare offerings.
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