The allure of high profit margins, ancillary services and an aging population demanding services is driving private equity investors to partner with orthopedic practices.
Practice Management
St. Cloud (Minn.) Surgical Center broke ground Oct. 13 on an $11 million renovation that is expected to be completed within one year, local radio station KNSI reports.
St. Ignace, Mich.-based Mackinac Straits Health System is expanding its spine and orthopedic services due to increasing demand in the region, the Cheboygan Daily Tribune reported Oct. 13.
Daphne, Ala.-based Baldwin Bone & Joint recently opened its Osteo Health Clinic at its main office to help patients develop and maintain optimal bone health.
Johnson City, Tenn.-based Watauga Orthopaedics is seeking a certificate of need to build an ASC, local news affiliate WJHL.com reports.
Advertisement
Jackson-based Mississippi Sports Medicine and Orthopaedic Center partnered with private equity firm Thurston Group Oct. 2, establishing U.S. Orthopedic Partners.
Charlottesville, Va.-based UVA Health is developing an orthopedic center near the University of Virginia that is the culmination of over a decade of work, local CBS affiliate CBS19 reports.
OrthoArkansas is opening a spine center at its main office in Little Rock in January, Arkansas Business reports.
Sanford Health plans to spend up to $40 million to renovate its orthopedic center at its South University Medical Center in Fargo, N.D., according to an Oct. 9 Inforum report.
Chillicothe, Ohio-based Adena Health Systems has branded its $70 million facility set to open in 2021 as Adena Orthopedic and Spine Institute, the Chillicothe Gazette reports.