PE firms continue to invest in orthopedic practices, Edgemont reports — 4 recent investments

Mackenzie Garrity -   Print  |

The orthopedic industry is desirable for private equity firms because of its ancillary service offerings, increasing outpatient surgical volume and the growing importance of orthopedics in healthcare, according to Edgemont Capital.

Here are four recent investments in orthopedic practices:

1. In November 2017, Varsity Healthcare Partners partnered with Gainesville, Fla.-based The Orthopedic Institute in an equity recapitalization transaction. The deal was designed to help TOI grow its clinical footprint across the state through acquisitions and recruitment efforts.

2. Phoenix-based HOPCo (Healthcare Outcomes Performance Company), the management firm for and parent company of The Core Institute, raised equity financing from Frazier Healthcare Partners and Princeton Ventures. The transaction was designed to boost The Core Institute's capital to expand care networks as well as partnerships with payors.

3. Candescent Partners acquired Mount Pleasant, S.C.-based Southeastern Spine Institute, the largest medical practice in the state. The group comprises 16 physicians and 31 total providers.

4. PE firm Lorient Capital acquired Atlantic Neurosurgical Specialists in Morristown, N.J. Lorient Capital exclusively invests in the healthcare industry.

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