U.S. Orthopaedic Partners, an entity focused on musculoskeletal treatment of patients in the Southeastern United States, has announced the acquisition of two practices in Mississippi—the Jackson Anesthesia Pain Center and Oxford Orthopaedics and Sports Medicine, PLLC. The Jackson Anesthesia Pain Center serves the metro Jackson area and Oxford Orthopedics serves multiple counties in the northern part of the state.
Giving a bit of the backstory was Glen Silverman, CEO of U.S. Orthopaedic Partners and Mississippi Sports Medicine and Orthopaedic Center. Silverman told OTW, “Over the last six months, we have seen a tremendous amount of momentum and interest in U.S. Orthopaedic Partners from groups across the South and Midwest. The ongoing consensus from groups interested in our model is they recognize that moving into a partnership that will create more scale for them will help insulate them from upcoming sector and industry challenges. For us, these two particular acquisitions fit into our model and provide the high quality care with which we continue to try to associate ourselves.”
U.S. Orthopaedic Partners states that the group differentiates itself by being a physician-run “least disruptive” model where member practices can retain their existing brand name, patient treatment autonomy and significant equity ownership in their own practice.
When OTW asked how many patients will be served, Silverman noted, “We value reputation above size, and while both of the groups are relatively small in regards to providers, they are highly respected within the markets they serve and have a broad patient base.”
As for how these practices compare with other providers in the region, Silverman told OTW, “While there are certainly groups with more providers in the region, we see tremendous growth opportunities in both of these practices. The most important aspect to growth is ensuring that first you have a solid, reputable base and in both of these cases we’ve accomplished that through these acquisitions.”
According to U.S. Orthopaedic Partners, the companies already have strong leadership in place. “Our model,” said Silverman to OTW, “provides strategic oversight and value-add resources to help with growth but typically speaking, and this rings true in both these cases, the practices have a vision for who they want to be and we will help them operationalize that vision.”
