Traditionally orthopedics has not featured as much consolidation and private equity investment as other specialties but a significant uptick in transactions is expected in the future, based on insight from McGuireWoods.
Here are four major orthopedic transactions in the past year.
1. Elgin, Ill.-based Associates in Orthopaedic Surgery merged with Rockford-based OrthoIllinois in June 2018. OrthoIllinois now provides bone and joint care from four clinics in northern Illinois — Elgin, Algonquin and two Rockford locations.
2. Atlantic Street Capital acquired OrthoBethesda in Bethesda, Md., for an undisclosed amount in September 2018. OrthoBethesda features 14 physicians and has provided orthopedic care in the greater Washington, D.C., community for over 50 years.
3. In October 2018, Morristown, N.J.-based Atlantic NeuroSurgical Specialists received funds from private equity firm Lorient Capital. ANS features 16 physicians and treats spine and brain conditions outside of New York City.
4. Philadelphia-based Rothman Orthopaedics Institute partnered with Leawood, Kan.-based NueHealth and Denver-based MUVE Health partnered in an initiative to develop and integrate their outpatient surgical platforms in February 2019. NueHealth is an ambulatory surgical platform company and MUVE Health develops total joint and spine centers.