Recapitalization • Healthcare Services

Varsity Healthcare Partners Acquires Gastro Care Partners

On August 6, 2019, private equity firm Varsity Healthcare Partners acquired healthcare services company Gastro Care Partners

Acquisition Context
  • This is Varsity Healthcare Partners’ 11th transaction in the Healthcare Services sector.
  • This is Varsity Healthcare Partners’ 12th transaction in the United States.
  • This is Varsity Healthcare Partners’ 1st transaction in Colorado.

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M&A Deal Summary

Date August 6, 2019
Target Gastro Care Partners
Sector Healthcare Services
Buyer(s) Varsity Healthcare Partners
Deal Type Recapitalization

Target Company

Gastro Care Partners

Colorado Springs, Colorado, United States
Gastro Care Partners is a provider of gastroenterology services and ancillary patient diagnostic and remedial treatment services in Colorado. Gastro Care Partners utilizes a clinical workforce of 42 providers to administer a broad spectrum of advanced, patient-centric gastroenterology and digestive services across Peak’s network of 12 outpatient locations and 21 ambulatory and hospital-based endoscopy centers throughout the state. Gastro Care Partners is based in Colorado Springs, Colorado.
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Buyer Overview 1

DESCRIPTION

Varsity Healthcare Partners is a specialist private equity firm focused on the healthcare sector. Varsity seeks companies that solve fundamental problems for the healthcare industry with a focus on multi-site providers and critical outsourced services to providers and payors. Prospective companies are profitable with $5 to $15 million of EBITDA and are typically founder owned. Varsity Healthcare Partners was formed in 2012 and has offices in Los Angeles, California and Stamford, Connecticut.


Deal Context for Buyer #
Overall 12 of 19
Sector: Healthcare Services 11 of 15
Type: Recapitalization 4 of 4
State: Colorado 1 of 2
Country: United States 12 of 19
Year: 2019 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 Angels of Care Pediatric Home Health

Sherman, Texas, United States

Angels of Care Pediatric Home Health is a provider of long-term home health services to pediatric patients with complex medical conditions and employs over 3,000 clinicians across 18 locations. The company provides high-quality private duty nursing care, skilled therapy, and other home health services to patients in Texas and Colorado. Angels of Care Pediatric Home Health was founded in 2000 and is based in Sherman, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Essential Anesthesia Management

Longview, Texas, United States

Essential Anesthesia Management is a provider of comprehensive anesthesia services to hospitals and ASCs in six states with over 1200 anesthesiologists and CRNAs. The Company provides care on behalf of hospitals and ASCs before, during, and after procedures to ensure patient safety and comfort throughout the entire perioperative process. Essential Anesthesia Management is based in Longview, Texas.

Buy -