AUSTIN, Texas - Orthopaedic Specialists of Austin (OSA), the premier orthopedic group in the region and leader in providing advanced orthopedic specialty care, announced they have joined a national management services organization, Growth Orthopedics, formed in partnership with Trivest Partners, a Miami-based private equity firm focused on founder and family-owned businesses.
"It has been an amazing run developing our private specialty-based orthopedic practice in Austin, Texas", said OSA founding partner Dr. Matthew Heinrich. "We started the concept back in 2004 with just myself and Dr. Robert Josey, both of us fresh out of our fellowship programs. Over the years, we have grown the group to a total of eight fellowship-trained specialists providing the highest level of excellence in patient care. We have developed our group to include three clinic locations and two surgery centers. We look forward to our next step in expanding our practice by partnering with Growth Ortho. This partnership will expand our collaboration to a national level of excellence in orthopedic patient care."
OSA will continue to provide extensive resources and capabilities to support clinical operations. The management team and providers will continue their mission to provide high quality orthopedic care to patients by providing the highest level of orthopedic care in the region. Additional resources and investments will help fuel growth into an ever-growing Austin community and help better serve the area and broaden access to top-notch orthopedic care.
"Since 2004, Orthopaedic Specialists of Austin has been building a center of orthopedic excellence with an intense focus on specialized patient care," said Mary Jo Blackmon, practice administrator of OSA. "Our success has been driven by this standard of excellence, while delivering the highest quality of orthopedic care. We look forward to partnering with a nationally expanding MSO to leverage our patient-focused model. We see tremendous opportunities to further expand how we care for the Austin community, including investment in infrastructure, additional locations, and recruiting new medical providers."
Through the partnership with Trivest, along with its capital and resources, Growth Orthopedics and subsequently OSA will expand while maintaining the highest levels of patient care.
"The mission of Growth Orthopedics is to enable private practice groups to maintain autonomy and provide growth opportunities to compete in an aggressive landscape. Healthcare is local and Growth Orthopedics ensures that it will remain local to benefit the patients and the practice," says Pete McCann, CEO of Growth Orthopedics. "OSA, its physicians, and its entire staff represent the best-in-class of orthopedics practices, and we welcome them and their families to our team."
Growth Orthopedics 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.
Hallett & Perrin, P.C. acted as legal counsel and Physician Growth Partners acted as financial advisors to OSA. McGuireWoods LLP acted as legal counsel to Trivest and Growth Orthopedics.
ABOUT ORTHOPAEDIC SPECIALISTS OF AUSTIN
Founded in 2004, Orthopaedic Specialists of Austin (OSA) is the preeminent orthopedic platform in the Austin market. OSA employs fifteen providers inclusive of seven sub-specialty trained orthopedic surgeons and partners - E. Matthew Heinrich, M.D., Robert Josey, M.D., Edward Seade, M.D., Andrew Ebert, M.D., David Dodgin, M.D., Michael Moghimi, M.D., and Gregory Catlett Jr., M.D. OSA offers medical and surgical orthopedic service within their state-of-the-art flagship facility and satellite offices. The platform's sub-specialty focused clinical model enables providers to customize treatment throughout the patient care continuum.
ABOUT GROWTH ORTHOPEDICS
Growth Orthopedics is a managed service organization that partners with independent orthopedic offices while ensuring their individual autonomy. Growth Ortho is dedicated to caring for our patients, the comfort and development of our associate physicians, and the growth of income and wealth for all equity stakeholders. To be the partner of choice, for best-in-class orthopedic groups throughout the United States by delivering a "Physician First" focus that ensures the long-term success and health of the groups that join the Growth Orthopedics platform.
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.
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