Exclusive financial advisor to The Center for Digestive Health

KPMG Corporate Finance LLC acted as exclusive financial advisor to the Center for Digestive Health

KPMG Corporate Finance LLC is pleased to announce the recapitalization of Pinnacle GI Partners (“Pinnacle GI” or the “Company”), the affiliated management services organization (“MSO”) for The Center for Digestive Health (“CDH”), by H.I.G. Growth Partners (“H.I.G.″).

Headquartered in Troy, MI, CDH is a gastroenterology practice with 10 locations, 11 physicians, and 19 providers, ranking it amongst the most sizable gastroenterology physician groups in the United States. The Company provides comprehensive gastroenterology physician services and a fully integrated suite of ancillary services including anesthesia, pathology, infusion and clinical research.

H.I.G. Capital is a global alternative investment firm with $42 billion of equity capital under management. H.I.G. Growth Partners is the dedicated growth capital affiliate of H.I.G. Capital, which seeks to make both majority and minority investments in strong, growth-oriented businesses with expertise in technology, healthcare, internet and media, consumer products and technology-enabled financial and business services sectors.

"Our goal in partnering with H.I.G. is to create excellence in gastrointestinal care throughout Michigan. We have a shared vision to leverage the best practices of The Center for Digestive Health throughout the region to deliver innovative clinical solutions to patients, participating payers and major employers. Pinnacle GI is passionate about preserving independent gastroenterology practices for physicians in Michigan and the region.," said Partha Nandi MD, Pinnacle GI’s President and Practice CEO.

Mark Tricolli, Managing Director at H.I.G., added, "We identified the gastroenterology practice management sector as an area for investment given the strong industry tailwinds driven by an aging population and a higher awareness of GI-related illnesses. We are very excited to partner with the doctors, employees, shareholders and management team of CDH, which has significant infrastructure in place to support continued growth in Michigan, an underserved and significantly fragmented market.“

KPMG Corporate Finance acted as exclusive financial advisor to The Center for Digestive Health. KPMG Corporate Finance partnered with KPMG LLP’s Financial Due Diligence and Tax Advisory practices to provide a comprehensive and integrated solution for the client.

KPMG Corporate Finance LLC

KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, portfolio solutions, fairness opinions, and other advisory needs.

Trust KPMG Corporate Finance LLC with your next transaction.

www.kpmgcorporatefinance.com

Walter Olshanski

Walter Olshanski

Managing Director, KPMG Corporate Finance LLC

+1 646-874-4878


 
 
Corporate finance services, including Financing, Debt Advisory, and Valuation Services, are not performed by all KPMG member firms and are not offered by member firms in certain jurisdictions due to legal or regulatory constraints. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. 
 
The information contained in this communication may not be representative of the experience of other clients and does not constitute a recommendation, offer, or solicitation to buy, sell or hold any security of any issuer. Past performance does not guarantee future results.
 
© 2020 KPMG Corporate Finance LLC, a Delaware limited liability company. Member FINRA and SIPC. KPMG Corporate  Finance LLC is a subsidiary of KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.. The KPMG name and logo are registered trademarks or trademarks of KPMG International.