Boston’s H.I.G. Growth Partners has announced one of its affiliates has completed a strategic investment in Pinnacle GI Partners, the affiliated management services organization for The Center for Digestive Health in Rochester Hills, a provider of digestive health services in Michigan.
Dr. Partha Nandi, a practicing gastroenterologist and internal medicine physician and creator and host of the nationally and internationally syndicated medical lifestyle television show, “Ask Dr. Nandi,” will serve as president and practice CEO for Pinnacle. Terms of the deal were not disclosed.
“Our goal in partnering with H.I.G. is to create excellence in gastrointestinal care throughout Michigan,” Nandi says. “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.”
Scott Fraser, former president of practice management at Physicians Endoscopy and a former founding executive of EndoChoice Inc., will join Pinnacle’s board. He has more than 20 years of experience in the gastroenterology space, including developing and executing against growth plans and rapidly scaling gastrointestinal companies.
“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,” says Mark Tricolli, managing director with H.I.G.
“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.”
The Center for Disease Health has 10 locations across southeast Michigan and 19 providers. It provides comprehensive gastroenterology physician services and a fully integrated suite of ancillary services including anesthesia, pathology, infusion, and clinical research.
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a global private equity investment firm with $42 billion of equity capital under management.