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.
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.