THE ANGELS, January 9, 2023 /PRNewswire/ — Unio Health Partners (“Unio”), a portfolio company of Triton Pacific Capital Partners (“Triton Pacific”), is pleased to announce a partnership with inSite Digestive Health Care (“inSite”), which joins to the platform as the fourth major division of Unio.
Unio’s partnership with inSite represents a significant expansion of its gastroenterology business and more than doubles the size of the platform. inSite’s 67 gastroenterologists and three pathologists join Unio’s 40 urologists, four gastroenterologists, four radiation oncologists and one pathologist as stakeholders in the leading multi-specialty medical services platform in the Western United States. With the inSite transaction, Unio now has 182 providers consisting of 119 physicians and 63 advanced practice providers operating across 54 locations in South, Central and Northern California.
“In less than two years, we have partnered with five leading medical practices around the world Californianot only adding considerable size and density, but also forging a sophisticated and fully integrated management services organization,” he said Marshal Solomon, Chief Executive Officer. “Our goal is to bring together elite groups with diverse capabilities, empower them with new resources, and share best practices across the platform. InSite Physicians have built an impressive group and will be invaluable to Unio’s growth.”
Since its founding in 2012, inSite has been providing high-quality patient care as the largest independent digestive health platform in the world. California. It offers a broad suite of services, including a full range of gastrointestinal services and procedures, pathology, anesthesia, chronic care management, imaging, and clinical research. inSite is supported by a robust back office with centralized management services.
Riccardo KuritzkesMD, Co-Managing Physician of inSite, commented: “Unio and inSite share a common mission of preserving the independent private practice for physicians in California. Unio’s values, goals and approach align perfectly with ours: to enable physicians to deliver exemplary patient care and improve their practices through access to unmatched management capabilities, expanded services, and a broad range of strategic skills”.
Looking ahead to 2023, the inSite partnership provides a strong impetus for Unio to continue expanding into both gastroenterology and urology. Unio seeks to affiliate with quality-driven physician groups with a firm commitment to clinical excellence, evidence-based medicine, and compliance. With a fully integrated, scalable management services organization and dedicated investment team from Triton Pacific, Unio and its medical partners are poised for further growth.
“The partnership between Unio and inSite will deliver immense strategic benefits to both organizations and their affiliated medical practices,” he said Asia Brumwell, partner of Triton Pacific. “Gastroenterology and Urology are highly complementary specialties and the combined organization will be an early driver of the next phase of medical practice management expansion, creating exciting strategic opportunities and multidimensional avenues for growth. We are very pleased to partner with inSite and we believe this demonstrates and reinforces Unio’s value proposition for physician groups.”
Terms of the deal were not disclosed. DLA Piper and Baird Investment Banking advised Triton Pacific/Unio. Katten Muchin Rosenman and Coker Capital advised inSite.
Unio is a highly differentiated medical services platform established by Triton Pacific with a vision to transform urology, gastroenterology and radiation oncology care delivery worldwide Western United States. Unio partners with leading practices, creating a cohesive, quality-driven clinical culture and facilitating the sharing of best practices across the platform. Unio-affiliated practices gain access to a wider range of services, providing a significant benefit to both physicians and patients. Initially focusing on the fragmented Western US landscape, Unio will continue to build significant scale, scale, and geographic coverage that will enhance the platform’s value proposition for all stakeholders.
Unio was founded in 2021 with the acquisition of Genesis Healthcare Partners MSO and a partnership with physicians from Genesis Healthcare Partners. Unio’s best-in-class clinical program covers three sub-specialties (urology, gastroenterology, and radiation oncology) and offers many ancillary services, including pathology, office dispensing, anesthesia, imaging, clinical research, and chronic care management. Unio is led by a highly skilled management team and provides a full suite of management services to its affiliated practices. Unio has a deep pipeline and plans to expand the platform to over 200 physicians within the next few years.
About Triton Pacific
The AngelsTriton Pacific Capital Partners (https://www.tritonpacific.com/), headquartered, has arranged more than 50 private equity investment partnerships and an untraded public BDC and completed 27 private equity transactions. Triton Pacific has a highly focused healthcare investment team with a proven track record in sourcing, acquiring and managing healthcare investments. Unio is the healthcare team’s ninth platform investment.
SOURCE Triton Pacific