NASHVILLE, TN, September 08, 2026 -- Tristela Capital Partners ("Tristela Capital Partners"), a Nashville-based healthcare independent sponsor firm, today announced it has completed the acquisition of Pediatric Group of Acadiana ("PGOA") and its affiliated management services organization, Independent Physician Services ("IPS").

The transaction was financed with both debt and equity from True West Capital Partners, which invested alongside another prominent investment firm, as well as the Tristela principals. Polsinelli served as legal counsel to Tristela Capital Partners on the transaction, and LBMC provided financial due diligence services. Financial terms of the transaction were not disclosed.

Founded in 1994 and headquartered in Lafayette, Louisiana, PGOA is a leading provider of pediatric primary care across South Central Louisiana's Acadiana region, operating 14 outpatient and 3 inpatient locations, with 33 providers and approximately 130 employees. IPS provides staffing and administrative support across the Company's network, as well as to regional partners.

"We're proud to partner with the team at PGOA," said Lisa Piercey, MD, MBA, founder of Tristela Capital Partners. "For three decades, the group has been one of the largest providers of care to rural and underserved families across South Central Louisiana, and we're honored to continue that legacy. Our focus now is expanding access, growing and sustaining the business, and building on that foundation well beyond the communities they already serve."

Dr. Jibran Atwi, founder of PGOA, added, "Caring for the children of Acadiana has been our family's great privilege for many years. Knowing Dr. Piercey, a pediatrician herself, will carry this work forward gives me comfort for our patients and our employees." Dr. Atwi will continue to see patients in the practice and serve on Tristela’s board following the transaction.

Read full press release here.