PE firm invests in 10 location orthopedic practice

Practice Management

Private equity firm Cobepa closed a growth equity investment in Laurel, Md.-based Precision Orthopedics on Jan. 12.

Precision Orthopedics will use the capital to enhance operations and expand the practice, which features 10 clinical locations, one ASC and 18 providers, according to its website.

The practice plans to open more ASCs and partner with additional hospitals.

Cobepa North America Managing Director Peter Connolly and Vice President Peter Batesko joined the practice's board of directors. 

Financial terms of the deal were not released.

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