Waud Capital Announces Successful Exit of GI Alliance Following Close of its Apollo-led Recapitalization
DALLAS, Sept. 15, 2022 /PRNewswire/ -- Waud Capital Partners, L.L.C. ("WCP") today announced it has completed its sale of a controlling ownership stake in GI Alliance ("GIA"), the nation's largest gastroenterology practice management company, as part of a physician-led buyout and recapitalization (the "Transaction"). The Transaction valued GIA at $2.2 billion and was facilitated by an investment from funds managed by Apollo (NYSE: APO). As a result of the Transaction, GI Alliance's physician owners, led by James Weber M.D., CEO, own a controlling equity interest in GIA.
- As a result of the Transaction, GI Alliance's physician owners, led by James Weber M.D., CEO, own a controlling equity interest in GIA.
- "GI Alliance has achieved significant growth over the past four years, and I appreciate the support from our committed partners at WCP," said Dr. Weber.
- With this transaction, GI Alliance will maintain its vision of being a physician-owned and physician-led organization.
- Waud Capital Partners is a growth-oriented private equity firm with total capital commitments of approximately $3.7 billion since its founding in 1993.