a lighthouse on a rocky island

Orthopaedic Associates of Maine Joins National Management Services Organization

PORTLAND, ME (February 3rd, 2025) - Spectrum Orthopaedics and its affiliated ambulatory surgery center, a leading provider of orthopedic care in the greater Casco Bay and Midcoast region of Maine, announces its rebranding to Orthopaedic Associates of Maine along with the strategic partnership with national management services organization, Growth Orthopedics. Returning to the historic Orthopaedic Associates of Maine (OA) brand will allow the physicians to lead their private practice while continuing to provide expert care within their local community. The partnership with Growth Orthopedics will provide the ability for the private practice to grow and be independent within the challenging healthcare environment.

Kathryn Hanna, MD
"We are excited to announce the next chapter in our journey as we return to independent practice as Orthopaedic Associates of Maine," said Kathryn Hanna, MD, Managing Partner of Orthopaedic Associates of Maine. "This decision marks a pivotal moment for our physicians and patients alike, as it reflects our commitment to providing personalized, high-quality orthopedic care in our community. By partnering with Growth Orthopedics, who is specifically focused on orthopedic practice, we can enhance our ability to grow, innovate, and provide the best possible outcomes for our patients. This change empowers us to focus on what matters most - our patients' health, our team's development, and the future of orthopedic care in Maine."

While the name has changed, the mission of the practice—comprising (14) physicians, over (40) providers, and more than (175) support staff—remains focused on delivering high-quality, value-driven patient care, as well as growth through investment in their private practice and surgery center. From sports medicine and hand care to physical therapy and orthopedic surgery, the physicians at Orthopaedic Associates of Maine have earned the trust of the community. Many are Maine natives whose names have become familiar, trusted, and considered part of the family over the years.

This partnership continues to align with Growth Orthopedics' mission of growing and investing in local healthcare. Through its capital and resources, Growth Orthopedics and subsequently Orthopaedic Associates of Maine will expand while maintaining the highest levels of patient care.

Peter McCann, CEO
"Growth Orthopedics is dedicated to empowering private practices to preserve their independence while creating opportunities for growth in an increasingly competitive healthcare environment. The best delivery of healthcare is in the local marketplace" said Pete McCann, CEO of Growth Orthopedics. "Healthcare is inherently local, and our commitment to keeping it local ensures that both patients and practices continue to thrive. We are proud to welcome Orthopaedic Associates of Maine, along with its exceptional physicians and staff, to our team. Our partnership will continue to ensure healthcare is delivered locally within the Midcoast community of Maine. Together with our partner-practices, we will continue to set the standard for excellence in and expand orthopedic care to more patients."

Spectrum Healthcare Partners, Growth Orthopedics, and Orthopaedic Associates of Maine have worked closely to ensure that the transition will be as seamless as possible for patients. Patients will continue to receive high-quality orthopaedic care from the same physicians, providers, and support team as they do today. The surgery center in Portland as well as the practice locations in Brunswick, Portland, and Windham will all be part of this transition. The historic partnerships with local hospitals and the community remain unchanged. Spectrum Healthcare Partners has been a strong provider of healthcare in the state of Maine for decades. Spectrum's support and assistance in the re-launch is a testament to the commitment they have for the Maine community.

Formed in 2021 under partnership with Trivest Partners, Growth Orthopedics' primary objective is providing support for independent orthopedic specialists. Growth Ortho is actively seeking to partner with additional leading orthopedic provider groups to create regional centers of excellence. If you are aware of orthopedic physician practices that are looking for a financial and strategic partner to enable future growth, please contact us.

Preti Flaherty acted as legal counsel and Physician Transaction Advisors acted as financial advisors to Orthopaedic Associates of Maine. McGuireWoods LLP acted as legal counsel to Growth Orthopedics.


ABOUT ORTHOPAEDIC ASSOCIATES OF MAINE

Orthopaedic Associates of Maine employs (14) physicians inclusive of sub-specialty trained orthopedic surgeons, primary care sports medicine physicians, and a physiatrist. The practice offers orthopedic services within (3) locations, all of which house a full suite of ancillary services, including imaging and physical therapy, as well as an ambulatory surgery center. The practice provides care throughout southern Maine with an immediate drawing area of approximately 500,000+ in the surrounding counties and an additional 1M+ in the satellite catchment areas. For more information, please visit www.orthoassociates.com.

ABOUT GROWTH ORTHOPEDICS

Growth Orthopedics is a managed service organization that partners with independent orthopedic offices while ensuring their individual autonomy. Growth Ortho's mission is to be the partner of choice for best-in-class orthopedic groups throughout the United States by delivering a "Patient and Physician First" focus that ensures the long-term success and health of the groups that join the Growth Orthopedics platform. For additional information visit www.growthortho.com.

ABOUT TRIVEST PARTNERS

Headquartered in Coral Gables, Florida with offices in Los Angeles, Philadelphia, Chicago, and Toronto, Trivest is the oldest private investment firm in the Southeastern United States. The firm is focused exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 400 investments, totaling over $7 billion in value. Trivest is one of only 15 firms recognized by Inc. Magazine as one of the top founder-friendly private equity firms in three consecutive years. For additional information, visit www.trivest.com.

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For media inquiries, please contact:
Andrew Carlson, MBA, MS, ATC
Director of Growth & Strategy
andrew.carlson@growthortho.com

Contact us to discuss the future of your practice today.

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