Georgia’s largest orthopedic group lands private equity deal: 9 transactions in 2021

The largest physician-owned orthopedic group in Georgia secured investment from a private equity firm Dec. 9, among a growing number of independent practices this year that looked for new ways to expand in a challenging healthcare environment.

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Here are nine private equity transactions with orthopedic groups this year:

1. Atlanta-based Resurgens Orthopaedics partnered with New York City-based private equity firm Welsh, Carson, Anderson & Stowe to build an orthopedic platform to be led by CEO Alex Bateman.

2.  PartnerCare, a portfolio company of private equity firm Shore Capital Partners, affiliated with Hollywood-based Florida Spine & Pain Center.

3. Reno, Nev.-based Spine Nevada and Tahoe Fracture & Orthopedic Medical Clinic in Carson City, Nev., merged to create a 60-provider group, the largest musculoskeletal care platform in the state.

4. Trinity Hunt Partners teamed with Los Angeles Orthopaedic Surgery Specialists and Portland-based Northwest Extremity Specialists to form a musculoskeletal practice management platform.

5. Tucson (Ariz.) Orthopaedic Institute became the ninth practice to affiliate with Gainesville, Fla.-based Orthopedic Care Partners.

6. Stone Point Capital invested in Palm Beach Gardens, Fla.-based American Orthopedic Partners, with orthopedic surgeons James Andrews, MD, and Russell Warren, MD, joining the practice as board members.

7. Summit Spine & Joint Centers, a 21-provider group with ASCs and pain management clinics in greater Atlanta, was acquired by MSouth Equity Partners.

8. U.S. Orthopedic Partners, a management services organization backed by Thurston Group, acquired Jackson (Miss.) Anesthesia Pain Center and Oxford (Miss.) Orthopaedics and Sports Medicine.

9. Trivest Partners invested in Lexington, Ky.-based Bluegrass Orthopaedics, creating a nationally focused orthopedic management services organization. Bluegrass Orthopaedics anchors Trivest’s orthopedic platform.

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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