Three physician-owned orthopedic practices in California are merging to create the third-largest specialty group in the western U.S., San Francisco Business Times reported Nov. 18.
Walnut Creek-based Muir Orthopaedic Specialists, Los Gatos-based OrthoNorCal and San Ramon-based Webster Orthopedics will merge Jan. 1 to create Golden State Orthopedics & Spine.
The group will comprise 60 physicians and 19 locations. Together, the three practices serve 3,000 square miles and a population of about 3.5 million.
The merger is intended to help the practices' bottom lines and put them in better positions for loans. John Knight, MD, co-founder of Muir Orthopaedic Services, told the publication he sees potential to bring more practices into Golden State Orthopedics & Spine.
The merger will not result in any layoffs, and the practices are in the process of creating C-suite positions.