Here are four things to know:
1. Healthcare services-focused private equity firm Varsity Healthcare Partners closed a recapitalization transaction growth capital partnership with The Orthopaedic Institute, which provides orthopedic surgical care and ancillary patient treatment services.
2. VHP partners with TOI physicians, who remain significant shareholders in the practice, to grow its clinical footprint across Florida. The group plans to grow by acquiring clinically differentiated independent orthopedic practices and recruit physicians and surgeons in orthopedic subspecialties.
3. The Orthopaedic Institute is already among Florida’s largest orthopedic providers, with six clinical locations and two ASCs. The practice’s 33 physicians provide comprehensive musculoskeletal care at the centers.
4. Shepard Mullin Richter & Hanson provided legal counsel to VHP for the transaction.
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