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TORONTO and MIAMI, Could 19, 2021 (GLOBE NEWSWIRE) — OMERS, the outlined profit pension plan for municipal staff within the Province of Ontario, Canada, at the moment introduced a partnership with Gastro Well being, a nationwide, main U.S. platform supporting medical teams specializing within the therapy of gastrointestinal issues, vitamin, and digestive well being.
Supporting teams in Alabama, Florida, Maryland, Ohio, Virginia, and Washington and with over 250 physicians, Gastro Well being is likely one of the U.S.’s fastest-growing gastroenterology platforms. Gastro Well being-affiliated medical teams present sufferers with entry to best-in-class clinicians and ship a variety of companies, whereas sustaining consistency of care.
“Gastro Well being’s dedication to the best requirements of professionalism and affected person care have made it one of many best-known gastroenterology platforms within the U.S.,” mentioned Mark Van Wart, Managing Director, OMERS Personal Fairness. “With our deep expertise within the North American healthcare area, we’re delighted to companion with a company devoted to offering sufferers with excellent medical care and an distinctive healthcare expertise.”
“We’re proud to be working with Joseph Garcia and the Gastro Well being group, and we sit up for serving to advance their formidable plans for the longer term. Gastro Well being is one other world-class addition to the OMERS portfolio,” mentioned Michael Graham, International Head, OMERS Personal Fairness.
“We’re excited to companion with OMERS in our subsequent section of progress,” mentioned Joseph Garcia, CEO, Gastro Well being. “Their help of our mission and eager understanding of our particular partnership with physicians and superior follow suppliers makes them a pure match.”
The transaction is anticipated to shut within the second quarter of 2021 topic to sure situations, together with regulatory approvals. Monetary phrases weren’t disclosed.
Moelis & Firm served as monetary advisor for Gastro Well being.
OMERS Supervisor, International Media Relations
About OMERS and OMERS Personal Fairness:
Based in 1962, OMERS is certainly one of Canada’s largest outlined profit pension plans, with C$105 billion in web belongings as at December 31, 2020. OMERS invests and administers pensions for greater than half one million members by means of originating and managing a diversified portfolio of investments in public markets, personal fairness, infrastructure and actual property.
OMERS had personal fairness web funding asset publicity of C$14.8 billion as at December 31, 2020. OMERS Personal Fairness, the personal fairness funding arm of OMERS with a group of funding professionals in London, New York, Singapore and Toronto, seeks to make use of its vital and differentiated capital base to companion with administration groups of business main companies.
For extra info, please go to www.omersprivateequity.com.
About Gastro Well being:
Gastro Well being is likely one of the main gastroenterology platforms in the US supporting practices in Alabama, Florida, Maryland, Ohio, Virginia, and Washington. Gastro Well being strives to supply excellent medical care and an distinctive healthcare expertise. The Gastro Well being care groups make the most of know-how, medical experience, and compassionate care to supply a customized method to digestive well being and total wellness. Study extra at GastroHealth.com.