Orthopedic practices have been growing rapidly in the last year, with many going into 2022 armed with private-equity backing.
Thirteen orthopedic practices to watch in 2022:
Rothman Orthopaedic Institute (Philadelphia): Rothman Orthopaedic Institute is the largest independent orthopedic practice in the U.S. with more than 192 physicians on staff. In 2022, the practice is expected to open space in a $100 million AdventHealth tower in Altamonte Springs, Fla. This move would further its reach in Florida, and the practice has five locations in the state, according to its website.
Hospital for Special Surgery (New York City): Hospital for Special Surgery marked a year in Florida in 2021. Highlights from 2021 include leadership appointments at HSS Florida and the first smart knee implant surgery. HSS will also anchor a 30-story medical office building in New York City that will break ground in 2022.
DISC Sports & Spine Center (Newport Beach, Calif.): DISC Sports & Spine Center earned private equity investment in January through a partnership with Trias Global and Chicago Pacific Founders. The practice champions data and evidence-driven models to improve quality and cost-efficiency for outpatient spine care.
Crystal Clinic (Akron, Ohio): Crystal Clinic closed off 2021 with the opening of its $100 million hospital in Fairlawn, Ohio. The orthopedic hospital is equipped with robotics technology, 12 operating rooms and 60 private patient rooms. In October, leadership changed hands when Daniel Ferry replaced Ronald Suntken as CEO.
Illinois Bone & Joint Institute (Des Plaines): In the last two years, IBJI has expanded its reach. CEO André Blom said the biggest opportunities for orthopedic growth lies in healthcare costs. One way the practice is honing in on that is through a partnership that measures patient data to improve value-based care.
Andrews Sports Medicine (Birmingham, Ala.): In 2021, Andrews Sports Medicine inked a deal with U.S. Orthopaedic Partners. The 21-physician practice launched into 2022 with plans to redevelop a shopping mall in Hoover, Ala., into a healthcare facility.
Beacon Orthopaedics (Sharonville, Ohio): Beacon Orthopaedics has 63 physicians. It is in its 25th year of operation and opened its 25th office in December. An affiliation with Cincinnati-based TriHealth added 10 physicians and 20 office locations to Beacon's roster in October.
Twin Cities Orthopedics (Golden Valley, Minn.): Twin Cities Orthopedics has 111 physicians across 36 locations. In 2021, TCO appointed new C-suite leadership and partnered with Staples, Minn.-based Lakewood Health System.
Resurgens Orthopaedics (Atlanta): Resurgens Orthopaedics is eyeing growth outside Georgia now that it has private-equity backing from New York City-based Welsh, Carson, Anderson & Stowe. Resurgens CEO Alex Bateman said he is in talks with practices in the southeastern and western U.S. for potential expansion.
The Steadman Clinic (Vail, Colo.): The Steadman Clinic is strengthening its spine services and hired endoscopic specialist Michael Gallizzi, MD. He is expected to join the practice in March. The Steadman Clinic has 21 physicians.
Midwest Orthopaedics at Rush (Chicago): Midwest Orthopaedics at Rush has 50 physicians. In 2021, the practice opened its seventh location in Joliet, Ill. In 2022, the practice joined a pilot program aimed to encourage safe opioid disposal.
Tallahassee (Fla.) Orthopedic Clinic. Tallahassee Orthopedic Clinic has nine locations in Florida and Georgia. In 2021, the practice shifted leadership when Michael Boblitz replaced Mark Dider as CEO.
Centers for Advanced Orthopaedics (Bethesda, Md.). Centers for Advanced Orthopaedics has 164 physicians. The practice announced plans to implement its first risk-based contract through Maryland's Episode Quality Improvement Program in 2022.