5 orthopedic practice mergers, acquisitions in 2020 so far

Practice Management

There have been five big orthopedic and spine practice mergers and acquisitions in the first quarter of 2020.

The transactions this year so far include the following centers:

1. Florida Orthopaedic Institute and Clearwater, Fla.-based OrthoCare Florida combined to form a new entity that includes 150 providers and 17 locations in the Tampa Bay area. MD Healthcare Partners in Tampa led the merger and continues to provide executive management services. The group has eight affiliated ASCs and two orthopedic urgent care centers.

2. In February, Banner Health agreed to acquire The Orthopedic Clinic Association, a four-location practice based in Phoenix. TOCA's 18 orthopedic physicians and nine physician assistants will join Phoenix-based Banner Health this spring.

3. PeaceHealth in Vancouver, Wash., reported plans to acquire Bellingham, Wash.-based Pacific Rim Outpatient Surgery Center. The ASC includes five operating rooms and three procedure rooms where around 60 physicians perform 5,000 surgeries per year, including orthopedics.

4. Orlando (Fla.) Health acquired Jewett Orthopaedic Clinic for an undisclosed sum, making Jewett's 25 orthopedic physicians and 13 advanced practitioners health system employees. The Orlando-based practice accommodates more than 250,000 patient visits annually.

5. Chicago Orthopaedics & Sports Medicine joined Illinois Bone & Joint Institute, an independent orthopedic practice, on Jan. 1.

More articles on orthopedic practices:
At-risk payer models helped The CORE Institute sustain through the pandemic and focus on growth
Texas Back Institute makes plans to resume elective surgeries with 400-case backlog
14 highest-paying healthcare jobs in 2020

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