Three orthopedic platforms have cropped up via private equity backing since December 2021, and all of them are headquartered in the South.
Here is how they compare:
United Musculoskeletal Partners
Practices: Additional practices haven't been added since the platform was announced. Resurgens CEO Alex Bateman said in December that regional expansion is expected, and he is exploring options throughout the Southeast and Western U.S.
Funding: The venture was funded by New York City-based Welsh, Carson, Anderson & Stowe.
Origin: The founding of Nashville, Tenn.-based Triumph Orthopedics was announced April 18 and is led by CEO Nate Bard.
Practices: New partnerships haven't been announced. The board of directors includes orthopedic surgeons Richard Hawkins, MD; Tom Price, MD; Gino Gabianelli, MD; and Steve Morris, MD.
Funding: Shore Capital Partners backs the orthopedic platform.
Novum Orthopedic Partners
Origin: Dallas-based Novum on Dec. 29 closed partnerships with three practices in Texas.
Practices: The practices forming Novum are Arlington (Texas) Orthopedic Associates, Abilene (Texas) Sports Medicine & Orthopedics and Waxahachie (Texas) Orthopaedics and Sports Medicine. Investments were made in Abilene (Texas) Center of Orthopedics and Multispecialty and Baylor Scott & White Orthopedic and Spine Hospital at Arlington.
Together, the practices are led by 34 orthopedic and spine physician partners and represent more than 300 employees across 12 locations.
Funding: Novum is backed by A&M Capital Partners.