Rapid expansion for 7 Springs Orthopedics expected after closing investment — 4 insights

Brentwood, Tenn.-based 7 Springs Orthopedics plans to open up to six clinics in 2019 after closing a round of investment led by Frist Cressey Ventures and Altitude Ventures, the Nashville Business Journal reports.

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What you should know:

1. The orthopedic company concurrently appointed its first CEO in Mark Tulloch, who announced the investment. Co-founders Brant Bell and Stu Jones formerly led the company.

2. This is 7 Springs’ first round of funding.

3. Frist Cressey and Altitude will each have sitting members on 7 Springs’ board.

4. The orthopedic company has five orthopedic clinics, with two more coming in July. The company is also building a physical therapy facility in Antioch, Tenn.

“We’re proud to partner with 7 Springs Orthopedics because their model improves access to affordable care for all patients,” Frist Ventures said in a release.

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