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.