• 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

Colorado


Transactions


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


For more information about Physicians First and our investment banking solution for doctors, download our current urology report here.


This post is for informational purposes only and does not constitute an offer, invitation, solicitation, or recommendation to buy, sell, subscribe for, or issue any securities. While the information provided herein is believed to be accurate and reliable, 127 Capital, LLC (“Physicians First”) and Ashland Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Certain Principals of Physicians First are registered representatives of Ashland Securities, LLC Member FINRA, SIPC. Physicians First and Ashland Securities, LLC are separate and unaffiliated entities. Securities and Investment Banking Services are offered through Ashland Securities, LLC.