The largest physician-owned orthopedic group in Georgia secured investment from a private equity firm Dec. 9, among a growing number of independent practices this year that looked for new ways to expand in a challenging healthcare environment.
Here are nine private equity transactions with orthopedic groups this year:
1. Atlanta-based Resurgens Orthopaedics partnered with New York City-based private equity firm Welsh, Carson, Anderson & Stowe to build an orthopedic platform to be led by CEO Alex Bateman.
2. PartnerCare, a portfolio company of private equity firm Shore Capital Partners, affiliated with Hollywood-based Florida Spine & Pain Center.
3. Reno, Nev.-based Spine Nevada and Tahoe Fracture & Orthopedic Medical Clinic in Carson City, Nev., merged to create a 60-provider group, the largest musculoskeletal care platform in the state.
4. Trinity Hunt Partners teamed with Los Angeles Orthopaedic Surgery Specialists and Portland-based Northwest Extremity Specialists to form a musculoskeletal practice management platform.
5. Tucson (Ariz.) Orthopaedic Institute became the ninth practice to affiliate with Gainesville, Fla.-based Orthopedic Care Partners.
6. Stone Point Capital invested in Palm Beach Gardens, Fla.-based American Orthopedic Partners, with orthopedic surgeons James Andrews, MD, and Russell Warren, MD, joining the practice as board members.
7. Summit Spine & Joint Centers, a 21-provider group with ASCs and pain management clinics in greater Atlanta, was acquired by MSouth Equity Partners.
8. U.S. Orthopedic Partners, a management services organization backed by Thurston Group, acquired Jackson (Miss.) Anesthesia Pain Center and Oxford (Miss.) Orthopaedics and Sports Medicine.
9. Trivest Partners invested in Lexington, Ky.-based Bluegrass Orthopaedics, creating a nationally focused orthopedic management services organization. Bluegrass Orthopaedics anchors Trivest's orthopedic platform.