Spire Orthopedic Partners Announces Partnership with Ortho Rhode Island
2024年6月27日 - 4:00AM
ビジネスワイヤ(英語)
Transaction Creates Largest Orthopedic Platform
in the Northeast
Spire Orthopedic Partners, one of the nation’s largest
orthopedic platforms, announces a new partnership with Ortho Rhode
Island (Ortho RI) and its affiliated ambulatory surgery center.
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Spire Orthopedic Partners, one of the
nation’s largest orthopedic platforms, announces a new partnership
with Ortho Rhode Island (Ortho RI) and its affiliated ambulatory
surgery center. (Photo: Business Wire)
Formed in 2015, Ortho RI was established from the merger of four
prominent practices in Rhode Island and has since evolved into one
of the leading independent orthopedic practices in New England.
Headquartered in Warwick, Rhode Island, Ortho RI provides the
highest quality clinical care across six locations and a
state-of-the-art ambulatory surgery center. Ortho RI is known for
its clinical excellence and leadership in clinical innovation
through leading technologies, including robotic assisted surgery,
minimally invasive nano operative arthroscopy and orthobiologics
treatments. Additionally, Ortho RI provides various ancillary
service offerings including advanced imaging, orthopedic urgent
care, durable medical equipment, and physical and occupational
therapy.
Ortho Rhode Island will continue to operate under its current
brand. Dr. Michael Bradley, Ortho Rhode Island’s longstanding
President and Chief Executive Officer, will also assume the role of
Chief Medical Officer and lead Ortho RI alongside a newly formed
Clinical Governance Board. The practice’s 35 physicians provide the
latest, evidence-based treatment across a variety of specialties,
including elbow, foot and ankle, hand and wrist, hip, joint
replacement, knee, pediatric orthopedics, rheumatology, shoulder,
spine and sports medicine.
“We are thrilled to partner with the world-class physicians at
Ortho Rhode Island,” said Christopher Fusco, Chief Executive
Officer of Spire. “Dr. Bradley and his partners are leaders in
their fields and represent a perfect strategic fit for the
high-quality platform we are building.”
“At Ortho Rhode Island, our goal is to provide the highest
quality clinical outcomes and patient experience,” said Dr. Michael
Bradley. “We are excited to partner with the team at Spire to
leverage their capital and management resources to continue to grow
Ortho RI in ways that allow us to expand access to our high-quality
care in both new and existing markets.”
Backed by Kohlberg & Company, a leading private equity firm
based in New York, Spire is a majority physician owned organization
which provides management services to orthopedic and spine practice
across New York, Connecticut, Rhode Island and Massachusetts.
About Spire Orthopedic Partners
Headquartered in Stamford, Connecticut, Spire Orthopedic
Partners is a growing partnership of orthopedic practices that
provides the support, capital and operational resources physicians
need to grow thriving practices in today’s evolving healthcare
landscape. The Spire network spans the Northeast with more than 165
physicians, 1,800 employees, 285 other clinical providers and 40
locations in New York, Connecticut, Rhode Island and Massachusetts.
For more information, visit https://spireortho.com
About Kohlberg & Company
Kohlberg is a leading U.S. middle market private equity firm
based in Mount Kisco, New York. Over the Firm’s 37-year history,
the Firm has organized eleven private equity vehicles totaling in
aggregate over $15 billion in capital commitments. Since inception,
the firm’s private equity investments have generated over $10
billion in realized returns with no realized losses since 2007. The
firm invests in leading middle market businesses that are
identified through its rigorous White Paper Program in its six core
practice areas. For more information, please visit
www.kohlberg.com
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Derek Beere 203-393-1101 dbeere@mason23.com