Waud Capital Partners (WCP) has announced it has completed the sale of GI Alliance (GIA).

GIA, based in Southlake, Texas, is a gastroenterology practice management company. Founded in 2018 and formed in partnership with WCP, GIA states that it provides services to nearly 700 independent gastroenterologists operating in Texas, Arkansas, Arizona, Colorado, Florida, Illinois, Indiana, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Utah and Washington.

WCP, founded in 1993 and based in Chicago, seeks control equity investments in middle market companies in healthcare and a few other industries. Within healthcare, the firm targets the provider services, hospitals/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

The transaction was facilitated by an investment from funds managed by global alternative asset manager Apollo and valued GIA at $2.2 billion.