The management team of Physicians Endoscopy with Pamlico Capital announced the completon of an equity investment in Physicians Endoscopy LLC. Established in 1998, Physicians Endoscopy is a leading manager and provider of freestanding endoscopic Ambulatory Surgery Centers. This is done in partnership with hospitals and their practicing physicians.
Under the deal, CEO Barry Tanner with his management team would retain ownership of Physicians Endoscopy and will continue to manage the growth of the Company together with Pamlico. The detailed terms of the transaction have not been disclosed.
ccording to Barry Tanner, "We chose to partner with Pamlico because of its track record of accelerating its portfolio companies' growth and its extensive healthcasre investing experience." He added, "PE is poised to continue its growth across the country by opening and acquiring new ASCs and by expanding our product offerings with gastroenterologists, PE has enjoyed substantial growth under Silver Oak Services Partners' stewardship and now with Pamlico, the Company will benefit from a continuation of that track record. Pamlico provides our company with strong financial and advisory resources with which to build upon our market leadership position."
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