United Digestive Partners with Kohlberg & Company.
ATLANTA, GA, March 30, 2023 – Kohlberg & Company (“Kohlberg”), a leading private equity firm headquartered in New York, today announced that it has partnered with United Digestive (“UD”), one of the largest gastroenterology physician practice management firms in the United States.
United Digestive offers a unique, fully integrated management platform for gastroenterology practices and has over 200 providers across 80 locations in the Southeastern United States. UD was formed from a partnership between Atlanta Gastroenterology Associates and Frazier Healthcare Partners in December 2018.
“The partnership with United Digestive represents a significant milestone in our extensive search for an established GI platform with a demonstrated history of growth along with a commitment to integration,” said Evan Wildstein, Partner at Kohlberg. “UD’s unique dyad leadership model of dedicated clinicians and business leaders working in sync on a fully integrated platform differentiates them from their peers. We look forward to working closely with the UD team to continue building on this foundation and expanding the platform to new markets.”
“We are thrilled to partner with Kohlberg and benefit from their deep expertise and successful track record of scaling leading physician management companies. This partnership will enable UD to accelerate our growth strategy and continue bringing like-minded physicians together,” said Mark Gilreath, CEO of United Digestive.
“Since late 2018, we have been on a methodical and disciplined journey to create a foundational infrastructure which empowers GI physicians to deliver world-class healthcare on a large scale. This transaction is an acknowledgment of those tireless efforts and the promising future ahead of us,” added Dr. Neal C. Patel, President of United Digestive.
Goodwin Procter LLP and Bass Berry & Sims PLC represented United Digestive as Company and Physician Counsel for the transaction, respectively. Houlihan Lokey served as advisor for United Digestive.
About Kohlberg & Company
Led by Sam Frieder and Gordon Woodward, Kohlberg is a leading private equity firm based in Mount Kisco, New York. Over its 35-year history, the firm has organized eleven private equity vehicles, through which it has raised over $13 billion of committed equity capital and generated over $10 billion in realized returns with no realized losses since 2007. Kohlberg employs a rigorous white paper research program which results in a higher percentage of proprietary deals and expedient value creation for its portfolio companies.
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