Welsh Carson Anderson & Stowe

Healthcare and technology-focused PE firm with $35B+ invested since 1979

EST. 1979New York, NYWebsite →

Brands Owned

Documented Impacts

Bankruptcies

Industries

Owns 1 brand in our database

Gastroenterology & Specialty Physicians

Brands Owned by Welsh Carson Anderson & Stowe (1)

US Anesthesia Partners (USAP)

Gastroenterology & Specialty Physicians · 0 locations

Welsh Carson Anderson & Stowe created US Anesthesia Partners as a roll-up of anesthesiology practices across 9 states. The FTC sued USAP and Welsh Carson in 2023, alleging the roll-up illegally consolidated the anesthesiology market in Texas, enabling supracompetitive pricing — a landmark case against PE healthcare roll-ups.