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US Digestive Health is a gastroenterology physician practice management company that manages clinical offices and ambulatory surgical centers across Pennsylvania. The affiliated practices provide gastroenterology care and have ancillary service lines including endoscopy centers, infusion, pathology, anesthesia and clinical research.

usdigestivehealth.com

Subsector: Provider & Payor Services

Headquarters: Eaton, PA

Investment Date: June 2019

Status: Realized (Fund I, exited January 2025)

Exit: Sale to Strategic Buyer

Medical professional preparing endoscopy equipment in a clinical environment

Investment Thesis

  • Market growth fueled by expanded screening guidelines and aging demographics
  • Scalable regional platform with strong payor and health system relationships
  • Recurring volumes in core services such as infusion and colonoscopy
  • Significant M&A opportunity in a fragmented specialty market
  • Ability to optimize and expand high-margin ancillary services
Doctor explaining endoscopy results to a patient in a medical exam room

Value Creation

  • Growth: Delivered consistent organic performance across core markets
  • M&A: Executed highly accretive acquisitions to scale presence and enhance capabilities
  • Physician Alignment: Implemented programs to improve productivity and income repair
  • Geographic Expansion: Entered adjacent states to extend platform reach
  • Profitability: Increased margins through improved ancillary performance and operational efficiency

As of November 2025. Case studies are illustrative and not a complete list; past performance is not a guarantee of future results; see Important Notices.