Here are 10 major private equity companies with hands in the ASC industry:
1. Compass Surgical Partners
Private equity partner: Health Velocity Capital and TPG Growth
In February, Compass Surgical Partners received a strategic investment from TPG. In March 2022, Compass Surgical Partners secured a minority investment by Health Velocity Capital.
2. Covenant Physician Partners
Private equity partner: KKR
KKR acquired Covenant Physician Partners in 2017.
3. EyeCare Partners
Private equity partner: Partners Group
Partners Group acquired EyeCare Partners in 2019, according to a December 2019 report from The Wall Street Journal.
4. Gastro Health
Private equity partner: Omers
In 2021, Miami-based Gastro Health was sold to private equity company Omers.
5. GI Alliance
Private equity partner: Apollo Hybrid
GI Alliance finalized its physician-led buyout facilitated by a $785 million investment from Apollo Hybrid Value in September 2022.
6. 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, Linden and Frazier.
7. PE GI Solutions
Private equity partner: Kelso
Kelso acquired PE GI, formerly Physicians Endoscopy, in 2016.
8. Surgery Partners
Private equity partner: Bain Capital Private Equity
Surgery Partners snagged an $800 million equity offering in November 2022, and Bain Capital Private Equity participated with $225 million of the raise.
9. ValueHealth
Private equity partner: Bryant Park Capital
Bryant Park Capital backs ValueHealth, a fast-growing ASC chain focused on value-based surgical care.