PE firms continue to pursue orthopedic partnerships: 6 key transactions in 2020

Alan Condon -   Print  |

There were several private equity deals in the orthopedic industry in 2019, and the field has continued to attract interest from private equity investors this year.

Here are six private equity deals involving orthopedic practices and device companies this year, beginning with the most recent:

1. In October, Jackson-based Mississippi Sports Medicine and Orthopaedic Center formed a new orthopedic health services organization after receiving investment from FFL Partners, a private equity firm focused on investing in middle market companies. 

2. Orthopedic Care Partners, backed by private equity firm Varsity Healthcare Partners, affiliated with OrthoAspen (Colo.) in September. The strategic partnership was the seventh that OCP has completed in the past two years.

3. Montagu Private Equity acquired RTI Surgical's original equipment manufacturer business in a $480 million cash deal in July. RTI Surgical rebranded as Surgalign Holdings after the deal closed.

4. In July, Sharonville, Ohio-based Beacon Orthopaedics & Sports Medicine acquired Reconstructive Orthopaedics & Sports Medicine in Cincinnati. OrthoAlliance, a management services organization Beacon owns with private equity firm Revelstoke Capital Partners, brokered the deal.

5. In June, MiddleGround Capital acquired Edge International, a distributor of cobalt-chrome, stainless and titanium products for spinal, orthopedic and trauma implants. 

6. Private equity firm Cobepa closed a growth equity investment in Laurel, Md.-based Precision Orthopedics in January. The practice is using the capital to open more ASCs and partner with additional hospitals.

More articles on orthopedics:
Dr. Daniel Lieberman: How hospitals will react to outpatient migration & what's next for spine at ASCs
Illinois Bone & Joint Institute CEO on M&As in 2020 and future strategy
Nick Saban lauds orthopedic surgeon named as SEC Team Physician of the Year

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