Specialty Networks, LLC, a portfolio company of Linden Capital Partners, has acquired Gastrologix, LLC. Founded in 2017, Gastrologix is a GI-specific GPO with more than 470 independent physician practice locations and 2,300 providers in its network.
"Our shared mission to help improve patient care by strengthening independent GI practices makes this acquisition a great fit for Specialty Networks," said David Coury, Executive Chairman of Specialty Networks. "The acquisition of Gastrologix allows Specialty Networks to help GI physicians deliver exceptional patient care, remain independent, and provide a valuable alternative to the more expensive care provided in the acute setting."
"Independent GI physician practices play a key role in delivering critical care to millions of patients who suffer daily from various chronic conditions, and our goal is to support all those hard-working providers and care team members in driving positive patient outcomes by leveraging technology and real-world data-driven solutions," said Shailendra Sharma, CEO of Specialty Networks. "I am excited to welcome Gastrologix member practices and industry partners to the Specialty Networks community and look forward to joining hands in making a huge impact on many patients' lives."
Specialty Networks drives clinical and economic value for independent specialty physician practices through technology and technology-enabled solutions, which Gastrologix members and industry partners will now have access to. Through Specialty Networks' proprietary patient identification, engagement, and retention technology platform, GI patients will benefit from guidelines-driven therapeutic, diagnostic, and follow-up care pathways and workflows. Specialty Networks Research will further facilitate clinical research in bringing breakthrough therapies to market faster and more effectively and safely through clinical trials, real-world evidence studies, and disease-specific registry solutions. In addition, Specialty Networks will help Gastrologix members achieve operational and economic excellence through various ancillary solutions including but not limited to GPO services, infusion optimization and in-office dispensing support, chronic care management, clinical education, etc.
Haverford Healthcare Advisors served as M&A advisor, and Saxton & Stump served as legal advisor to Gastrologix. Katten Muchin Rosenman, LLC served as legal advisor to Specialty Networks.