• Eric J. Yetter

United Urology Group - Buyer Spotlight

PE Firm

Audax Group is one of the most active lower middle market healthcare private equity investors. The firm has invested in many similar areas including 42 North Dental, Advanced Dermatology & Cosmetic Surgery, Axia Women's Health, Gastro Health, Great Expressions Dental Centers, HOPCo, Phoenix Physical Therapy, and others.

Audax partnered with Chesapeake Urology, a large (~90 physicians) practice in Maryland in 2016. We view this as the first urology investment in this wave, typical of Audax Group as an early mover.

Activity & Geography

United Urology Group has acquired eight additional practices as of January, 2021. Its strategy has been to partner with large practices in new geographies and then pursue smaller acquisitions nearby. Major geographies so far are -

Maryland (mid-Atlantic) Tennessee




Arizona Institute of Urology; Tucson, AZ

Urological Associates of Southern Arizona; Tucson, AZ

Arizona Urology Specialists; Phoenix, AZ

Colorado Urology; Denver, CO

  • Advanced Urology

  • Alpine Urology

  • Foothills Urology

Peninsula Urology Associates;

Salisbury, MD

Tennessee Urology; Knoxville, TN

Urological Consultants; Rockville, MD

Central Maryland Urology Associates; Columbia, MD

Cheaspeake Urology; Owings Mills, MD

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