Pamlico Capital has announced it has sold Physicians Endoscopy to Kelso & Company.
Pamlico Capital, based in Charlotte, N.C., and formerly Wachovia Capital, is an independent PE firm focused on buyout and growth equity investments in lower-middle-market businesses.
Kelso, based in New York, is a private PE firm focused on North American middle-market investing.
Physicians Endoscopy (PE), based in Jamison, Pa., is a developer, owner and manager of endoscopic surgery centers. PE currently owns and manages 42 facilities in partnership with over 300 gastroenterologists and 18 health systems.
Terms of the transaction have not been disclosed.