Private equity firms continue to tap into the orthopedic industry in 2021.
Here are four transactions involving PE companies in the first quarter:
1. U.S. Orthopedic Partners, a management services organization backed by private equity firm Thurston Group, acquired two Mississippi practices. Jackson (Miss.) Anesthesia Pain Center and Oxford (Miss.) Orthopaedics and Sports Medicine joined USOP, strengthening the company's base in the southeastern U.S.
2. Trivest Partners invested in Lexington, Ky.-based Bluegrass Orthopaedics, creating a nationally focused orthopedic management services organization. Bluegrass Orthopaedics will anchor Trivest's orthopedic platform. The PE firm plans to grow its geographical presence through add-on acquisitions.
3. Life Spine secured investment from Chicago-based Granite Creek Capital Partners, which will help the implant manufacturer accelerate growth initiatives. Mark Radzik, managing partner of Granite Creek Capital Partners, will serve on Life Spine's board of directors.
4. Allscripts Healthcare Solutions partnered with PE-backed U.S. Orthopedic Alliance to support growth initiatives with orthopedic practices. Lake Forest, Calif.-based USOA recently secured investment from New York City-based Castleford Capital.