U.S. Orthopaedic Partners (“USOP” or “the Company”), a full-service, integrated orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S., announced Tuesday the acquisition of leading Mississippi practices Jackson Anesthesia Pain Center (“Jackson Pain Institute”) and Oxford Orthopaedics and Sports Medicine, PLLC (“Oxford Orthopaedics”). Jackson Anesthesia and Oxford Orthopaedics headquartered in Jackson and Oxford, Miss., respectively, provide state-of-the-art care for a complete range of musculoskeletal disorders, chronic disease management, and injuries to the human body. USOP’s highly scalable platform was formed in October 2020 through an investment from FFL Partners.
Spire Orthopedic Partners, a newly formed management services organization serving best-in-class orthopedic and spine physicians, announced today its formation and new partnership with Orthopaedic Associates of Manhasset – one of the nation’s leading orthopedic practices serving more than 90,000 patients per year. Spire, which also includes Orthopaedic & Neurosurgery Specialists (ONS) and Orthopedic Associates of Middletown, is launching amid a time of innovation, growth and competition for the industry. With its capital partner Kohlberg & Company LLC, Spire is exploring potential partnership opportunities with like-minded, market-leading physician practices that share a passion for clinical quality, excellent patient care and an unwavering vision for the future.
Published literature has shown the postponement and cancellation of elective procedures during the COVID-19 pandemic had a substantial financial impact on orthopedic practices and hospitals. Although the Coronavirus Aid, Relief and Economic Security Act provided various economic stimulus options for small businesses with less than 500 employees, sources who spoke with Orthopedics Today said the economic effects of the pandemic along with the increased pressures of added regulatory requirements, cost of doing business, challenges of working with hospitals and a decrease in overall reimbursement may cause struggling orthopedic practices to merge or consolidate with more financially stable practices and systems.
University Orthopedics (UOI) announced Tuesday an exciting new partnership with Orthopedic Care Physician Network (OCPN) that will create one of Southern New England’s largest and most comprehensive orthopedic care organizations. Effective July 1, 2021, the partnership will include 13 locations across Massachusetts and Rhode Island. The University Orthopedics family will consist of nearly 650 employees including more than 60 physicians, 45 advanced practice providers, 50 therapists, and numerous residents and fellows.
Florida’s population boom, tax-friendly nature and aging population all contribute to it becoming a key battleground for orthopedic practices. The state’s population soared by more than 240,000 last year, second only to Texas, which gained almost 374,000 people, according to data published by the U.S. Census Bureau in December. Coinciding with this population explosion, two major orthopedic groups based in the Northeast recently expanded into the Sunshine State, with more expected to follow in the coming years, as Florida is expected to become arguably the biggest territory for orthopedic care.
While bundled payments have found some success in joint replacement, many industry leaders remain unsure if the value-based program can achieve similar success in spine surgery due to the wide variation of surgeries, approaches and levels that may be operated on in any given diagnosis, as well as the cost differences based on in- and outpatient settings. Eight surgeons share thoughts with Becker’s Spine Review on bundled payments in spine and orthopedics.
Trivest Partners (“Trivest” or the “Firm”) announces it has partnered with Bluegrass Orthopaedics (“BGO” or the “Company”), together forming a new national management services organization (“MSO”). This transaction represents the 7th platform investment of Trivest Fund VI. BGO is an orthopedic physician practice located in Lexington, KY. The practice is comprised of 14 Board Certified and Fellowship Trained specialized physicians who offer sports medicine, total joint care, industrial medicine, and foot, ankle, hand care, and physical therapy from 8 locations. Trivest also invested alongside the BGO physicians in Bluegrass Specialty Surgery Center (“BSSC”), a leading orthopedic ambulatory surgery center in Kentucky.
OrthoCincy Orthopaedics & Sports Medicine, the largest independent orthopaedic practice in the Tri-State, is welcoming the physicians and staff of Wellington Orthopaedic & Sports Medicine, a Cincinnati sports medicine staple for more than 50 years. The two organizations announced the partnership January 14, creating a Midwest powerhouse in the orthopaedic and sports medicine landscape. The partnership will initially operate as OrthoCincy Wellington Orthopaedics & Sports Medicine at each Ohio location to maximize awareness for patients of both practices. Locations in Kentucky and Indiana will continue to operate as OrthoCincy Orthopaedics & Sports Medicine.
Castleford Capital is a private equity firm that invests in middle market healthcare services and pharmaceutical services companies. Last month, Castleford Capital announced a strategic partnership with US Orthopedic Alliance (USOA), an orthopedic management services provider based in California, forming USOA Strategic Capital. USOA Strategic Capital will support USOA’s expansion and seek partnerships with leading orthopedic providers. Here, Castleford Capital Managing Director Jeffrey Marlough talks with Global Healthcare Advisors (GHA) about USOA Strategic Capital’s outlook on the market and growth plans.
Healthcare Outcomes Performance Company (HOPCo), the national leader in musculoskeletal practice management and value-based care solutions, and Palm Beach-based The Center for Bone & Joint Surgery (CBJ), have partnered to create an innovative musculoskeletal care platform established to develop unique clinically-integrated partnerships with musculoskeletal practices and other physicians, health systems and payors throughout the Palm Beach Market, with the intent to expand the platform in other markets in South East Florida.
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