Google and ProMedica Health System are jumping into the rapidly growing virtual care market to get a piece of the $213 billion that’s spent annually on musculoskeletal care. The two companies are partnering with IncludeHealth to launch a musculoskeletal (MSK) operating system that any provider can use to offer integrated virtual physical care for MSK patients. The platform is hardware-free and device-agnostic, according to the companies. “The landscape of care delivery has shifted,” said John Pigott, M.D., chief innovation officer at ProMedica in a statement. “Health systems must now seek powerful tools to navigate the new frontier of blending on-site and remote services.”
Rising consolidation has given breath to orthopedic supergroups with 100-plus physicians. Three orthopedic surgeons told Becker’s Spine Review what they believe supergroups will mean for smaller practices and the industry.
Vail-Summit Orthopaedics & Neurosurgery is acquiring the Gunnison County-based organization, Alpine Orthopaedics & Sports Medicine, with locations in Gunnison, Crested Butte, and Telluride, CO. VSON will also become the majority owner of Alpine Surgery Center, located in Gunnison, CO. The longest-standing orthopaedic practice in the Vail Valley, VSON has an established record of success. With existing clinics in Edwards, Vail, Frisco, and Granby, the group was already one of Colorado’s leading providers of orthopaedic services.
Due to the effects of the Covid-19 pandemic, Path Medical, a Joint Commission accredited health care practice with more than two dozen facilities across Florida and a quarter century of experience treating acute trauma and accident-related injuries, has initiated a restructuring of its debt to better ensure continued growth and what it considers best-in-class health care and customer service to its patients.
The delivery of orthopedic care and sports medicine in Greater Cincinnati is being transformed through a pioneering joint venture between two of the region’s leading healthcare providers – Beacon Orthopaedics & Sports Medicine and TriHealth. TriHealth and Beacon will combine their existing orthopedic ambulatory surgery centers to create the region’s most comprehensive and accessible network of such outpatient facilities, including the Summit Woods Surgery Center, Beacon West Surgery Center and the TriHealth Hand Surgery Center.
The orthopaedic services sector is one of the fastest-growing segments in the healthcare industry, with orthopaedic conditions generating more than 137 million annual provider visits. This surge in growth also holds true for investment interest and transactions in the space. Over the past several years, even throughout the slower months of early 2020 during the COVID-19 pandemic, orthopaedic deals have been highly sought after and highly competitive. Investor interest in this “hip” subsector is on the rise for many reasons, and with a high demand for services, increased movement to outpatient venues, and high-value ancillaries, investor interest in the orthopaedic sector is only expected to grow.
The University of Kansas Health System announced that Central Kansas Orthopedic Group in Great Bend will become part of the health system. “Our mission is to serve our community through offering the best possible orthopedic care for each individual patient,” said Randall K. Hildebrand, M.D. of Central Kansas Orthopedic Group. “We have done that for many years by offering the latest in surgical innovations and orthopedic techniques to Great Bend and the surrounding areas. Becoming part of The University of Kansas Health System will allow us to continue that mission in new ways.”
TVG-Medulla, a healthcare management service organization, announced Monday they have acquired five new chiropractic clinics in the greater Seattle, WA area as part of the Chiro One Wellness Centers organization. Chiro One Wellness Centers is a leader in providing exceptional chiropractic care. Sonic Chiropractic, Lake Union Wellness, Solution Chiropractic, Peter J. Hanson, P.C., and Banic Chiropractic, have all joined the organization.
Orthopedic Care Partners (OCP), an orthopedic practice management platform comprised of The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO) and other leading affiliated practices, today announced a strategic practice affiliation with Tucson Orthopaedic Institute, a multi-subspecialty orthopedic practice based in Arizona. Founded in 1993, Tucson Orthopaedic Institute’s team of board-certified physicians have consistently delivered world-class care and successful patient outcomes in the southwest U.S. The practice, led by Dr. Steven C. Zeiller, currently has 33 physicians servicing patients across eight clinic locations.
U.S. Orthopaedic Partners (“USOP”), a comprehensive orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S., today announced a strategic partnership with North Alabama Bone & Joint Clinic, P.C. (“NABJC”). NABJC of Florence, Ala., is a regional leader in comprehensive musculoskeletal treatment, emergency coverage and diagnostics, with a practice comprised of seven board certified physicians and six physician assistants. NABJC treats patients at two state-of-the-art facilities in Florence and Muscle Shoals, Ala., as well as operates at two hospitals and one ambulatory surgery center.
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