Trivest Mid-Market Fund VI acquires Growth Orthopedics

City: New York, NY
Buyer: Trivest
Seller: Growth Orthopedics
Date / Year: December 5, 2023
Sector: Ancillary Healthcare, Orthopedics
Keywords: Trivest, Growth Orthopedics, Ancillary Healthcare, Orthopedics, Pete McCann

Trivest Mid-Market Fund VI is pleased to announce an add-on acquisition for Growth Orthopedics — one of 52 total investments across the Firm year-to-date.

Lakeway Ambulatory Surgical Center announces strategic partnership with Growth Orthopedics, Surgery Partners, and Orthopaedic Specialists of Austin (OSA) physicians that will expand access of high value orthopedic services for the region’s physicians and patients.

Pete McCann, CEO of Growth Orthopedics, stated, “OSA’s quality starts with our renowned surgeons, assisted by our caring and expert clinical staff, and completed by the best outpatient surgical facilities in Austin. It is our pleasure to announce that OSA and Growth Orthopedics have partnered with Surgery Partners in the Lakeway Surgery Center. The center will allow OSA to deliver outstanding patient care from initial appointment to surgery.”

Growth Orthopedics is a management services organization partnering with independent orthopedic practices to support growth and expansion while ensuring physician autonomy. GrowthOrtho is dedicated to being 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 platform.

In 2023, the M&A market for healthcare companies continues to build on STRATEGIC opportunities in the current market. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.

Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.

Contact Paragon Ventures for more information.  

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