Private equity continues to trend in orthopedics — 7 practices that teamed with PE-backed Orthopedic Care Partners

Alan Condon -   Print  |

Orthopedic Care Partners, backed by private equity firm Varsity Healthcare Partners and the holding company for Gainesville, Fla.-based The Orthopaedic Institute, affiliated OrthoAspen (Colo.) on Sept. 10. 

The latest partnership is the seventh that Orthopedic Care Partners has completed in the past 18 months. The management group provides financial liquidity, enhanced resources and capital to affiliated practices.

Orthopedic Care Partners has boosted its presence in Colorado through its affiliations with OrthoAspen and Vail-based The Steadman Clinic and plans to strengthen its clinical footprint in Florida and other key markets.

Here are the seven practices that have teamed with OCP so far, beginning with the most recent:

1. OrthoAspen: Featuring eight orthopedic specialists, OrthoAspen is the employed practice of Aspen Valley Hospital, which signed a deal that will integrate it into Vail, Colo.-based The Steadman Clinic.

2. The Steadman Clinic: Led by Richard Steadman, MD, The Steadman Clinic is a 17-physician group with three locations that is renowned for its expertise in treating sports-related injuries.

3. Florida Spine & Pain (The Villages): Operated by Vijay Babu, MD, the interventional pain management practice has two locations and focuses on minimally invasive methods to treat spine and joint pain, nerve pain and pain associated with cancer.

4. Citrus Orthopaedic & Joint Institute (Lecanto, Fla.): Founded by Andrew Petrella, MD, more than 19 years ago, Citrus Orthopaedic & Joint Institute comprises four physicians and four physician assistants and has performed over 40,000 procedures. 

5. Ocala (Fla.) Orthopedic Care: The practice was founded more than 13 years ago by Troy Lowell, MD, a spine surgeon who also specializes in knee and hip replacement.

6. James B. Duke, MD. Based in Ocala, Dr. Duke is an orthopedic surgeon with 28 years of experience and has performed more than 10,000 total joint replacements. 

7. The Orthopaedic Institute: Comprised of more than 40 orthopedic surgeons, The Orthopaedic Institute has two surgery centers and is affiliated with four hospitals in the region.

More articles on orthopedics:
The evolution of MIS SI joint: 6 key developments since CMS upped rates 27%
Losing its orthopedic provider to a competitor, New York system taps new partner
Orthopedic rankings, robotics & more: 6 key developments at Mayo Clinic during the pandemic

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