One GI Expands into Ohio by Welcoming Dayton Gastroenterology

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Memphis, TN (February 26, 2021) – One GI, a gastroenterology management services organization formed by Webster Equity Partners (“Webster”), has acquired Dayton Gastroenterology (“Dayton Gastro”) in Dayton, Ohio. Headquartered in Memphis, Tennessee, One GI identifies and partners with leading gastroenterology practices seeking a strategic partner to provide capital and management services to help foster growth, drive economies of scale and deliver the highest quality care to patients.

Formed in April 2020, One GI is comprised of leading gastroenterology practices throughout Tennessee, Mississippi, and now Ohio. Established in 2010, Dayton Gastro represents a merger of 3 legacy groups each of which was established more than 30 years ago. The group is the second largest independent gastroenterology practice in Ohio, a key state of focus for One GI. The Dayton Gastro team is comprised of 26 physicians and 10 advanced practice providers across 4 sites of care and 3 endoscopy centers. One GI is led by Chairman Michael Dragutsky, M.D. Dr. Dragutsky commented, “We’re thrilled to welcome Dayton Gastro and continue our strategic expansion throughout the region. Ohio is an exciting opportunity, and we are looking forward to continuing our growth within the state. The Dayton team has created a premier practice focusing on patient care and their physicians. This is an exciting step to continuing our growth.”

“We have a history of continuously evolving and growing as an independent practice in order to provide the best possible care for our patients, an excellent work opportunity for our staff, and a rewarding career for our physicians,” said Jonathan C. Saxe M.D., Dayton Gastro’s President. “After much consideration, we decided that our best path forward would be with a private equity backed partner.  We chose to partner with One GI because it allows us to join forces with like-minded physicians who share our commitment to clinical excellence while working with a truly physician-centric management services organization to build a better future.  We are excited to move forward together.” 

Jarrod Smith, Managing Director, Webster Equity Partners, added, “We are highly enthusiastic about partnering with Dayton Gastro. Partnering with Dayton further builds upon our vision of allowing gastroenterologists to preserve their autonomy and protect the independent practice of medicine. We look forward to supporting the continued growth of Dr. Dragutsky’s and Dr. Saxe’s vision.”

Goodwin Procter and Reed Smith served as legal counsel to One GI. Katten Muchin Rosenman served as legal counsel and Nexus Health Capital served as financial advisor to Dayton Gastro.

About One GI

One GI is a gastroenterology management services organization that partners with GI physicians to help them manage, optimize, and grow their practices. One GI provides critical business services to physicians so they can focus on what they do best: providing excellent care to patients. For additional information on One GI, please visit www.onegi.com.

About Webster Equity Partners

Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies based on delivering the highest quality care and exceptional service. For additional information on Webster Equity Partners, including a complete list of companies, please visit www.websterequitypartners.com.