Audax Private Equity announced that it has entered into a definitive agreement with physicians and management to recapitalize Gastro Health PL (“Gastro Health”). Headquartered in Miami, Florida, Gastro Health is a gastroenterology physician practice management company with 21 centers across South Florida. Gastro Health was founded in 2006 with the merger of GI Care Center, Gastroenterology Associates, and Gastroenterology Group. The company has acquired 16 new centers and on-boarded over 30 new physician partners since its founding.

Deloitte Corporate Finance advised Gastro Health. Ropes and Gray LLP served as counsel to Audax. DLA Piper LLP served as counsel to Gastro Health.

Since its founding in 1999, Audax Private Equity has been focused on building leading middle market companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Private Equity is an integral part of Audax Group, an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax Group has over $9 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.