Mississippi orthopedic practice gets PE investment, forms MSO: 4 details

Laura Dyrda -   Print  |

Mississippi Sports Medicine and Orthopaedic Center formed a new orthopedic health services organization after receiving a private equity investment.

Four details:

1. On Sept. 21, the practice announced it received investment from FFL Partners, a private equity firm focused on investing in middle market companies. Mississippi Sports Medicine and Orthopaedic Center also formed U.S. Orthopedic Partners, a health services organization, through the investment.

2. The Thurston Group, a private equity firm focused on healthcare companies, invested in USOP, which is a full-service, integrated orthopedic care platform delivering care to patients in the southeastern part of the U.S.

3. USOP aims to grow through acquiring complementary orthopedic practices in the Southeast. The managed services organization will provide accounting, billing, compliance, credentialing, human resources and IT services. It will also offer managed care, marketing and patient scheduling services.

4. Terms of the investment were not disclosed.

"Through USOP, we have created a highly scalable platform enabling physicians who join our organization the increased opportunity to focus on providing advanced care to their patients and ensure their practices are positioned for long-term success," said CEO of MSMOC and USOP Glen Silverman. "The company's robust practice management infrastructure will enable our doctors to focus on exceptional patient care and outcomes, while simultaneously providing the group's leadership with strong partnership to help reduce administrative burdens while strengthening their business operations."

More articles on practice management:
Orthopedic practice breaks ground on new office — 3 things to know
New York hospital opens orthopedic center
3 hospitals expanding spine, orthopedic services

 

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