M&A Deal Summary

Specialty Networks Acquires Gastrologix

On November 4, 2022, Specialty Networks acquired healthcare services company Gastrologix

Acquisition Highlights
  • This is Specialty Networks’ 2nd transaction in the Healthcare Services sector.
  • This is Specialty Networks’ 2nd transaction in the United States.
  • This is Specialty Networks’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-11-04
Target Gastrologix
Sector Healthcare Services
Buyer(s) Specialty Networks
Deal Type Add-on Acquisition
Advisor(s) Haverford Healthcare Advisors (Financial)
Saxton & Stump (Legal)

Target

Gastrologix

Paoli, Pennsylvania, United States
Gastrologix is a GI-specific GPO with more than 470 independent physician practice locations and 2,300 providers in its network. Gastrologix was founded in 2017 and is based in Paoli, Pennsylvania.

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Buyer(S) 1

Buyer

Specialty Networks

Cleveland, Ohio, United States
Category Company
Founded 2018
Sector Business Services
DESCRIPTION

Specialty Networks is a technology-enabled group purchasing organization (GPO) that serves independent specialty medical practices, pharmaceutical companies, and medical device companies. Specialty Networks’ service offerings include UroGPO, a urology-specific GPO and provider of educational programs for providers, PPS Analytics, a clinical and business intelligence company serving providers and industry partners, GastroGPO, a gastroenterology-specific GPO, United Rheumatology, a rheumatology-specific GPO, and SN Research, a decentralized clinical research platform. Specialty Networks was founded in 2018 and is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 United Rheumatology

Hauppauge, New York, United States

United Rheumatology is a Rheumatology group purchasing organization (GPO) and real-world evidence data & analytics company with 635 active independent Rheumatology providers in its network. United Rheumatology was founded in 2014 and is based in Hauppauge, New York.

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