Trivest Partners Partnered with Bluegrass Orthopaedics

Buyer: Trivest Partners
Seller: Bluegrass Orthopaedics
Date / Year: January 26, 2021
Sector: Medical Practice, Orthopedics

MIAMI—Trivest Partners (“Trivest” or the “Firm”) announces it has partnered with Bluegrass Orthopaedics (“BGO” or the “Company”), together forming a new national management services organization (“MSO”). This transaction represents the 7th platform investment of Trivest Fund VI.

BGO is an orthopedic physician practice located in Lexington, KY. The practice is comprised of 14 Board Certified and Fellowship Trained specialized physicians who offer sports medicine, total joint care, industrial medicine, and foot, ankle, hand care, and physical therapy from 8 locations. Trivest also invested alongside the BGO physicians in Bluegrass Specialty Surgery Center (“BSSC”), a leading orthopedic ambulatory surgery center in Kentucky. Last year, BGO treated over 16,000 patients and performed more than 2,700 outpatient surgeries.

“We were impressed with Trivest’s sensitivity and accommodation to our need to maintain control over clinical decision making. The partnership is a synergy where they bring the business expertise and we bring the medical expertise. Our goals are shared and that allows us to concentrate on being the best in the market and accelerate our growth trajectory,” said Dr. Greg D’Angelo, MD, BGO’s President. “Trivest’s support will help to invest in BSSC’s state-of-the-art facility, attract top-tier talent, and focus physicians’ time on caring for patients. Trivest stood out as our partner-of-choice due to their founder-friendly approach and extensive experience executing M&A opportunities.”

Forest Wester, Partner at Trivest, commented, “We were attracted to BGO’s dedication to clinical excellence, comprehensive delivery of care through complementary ancillary services, and collaborative environment. The physicians and employees are a solution-oriented group, treating patients and athletes of all ages. We are excited to accelerate the Company’s growth by implementing Trivest’s Path to 3x value creation strategies and to serve other orthopedic provider groups through our newly established MSO.”

BGO is actively seeking to partner with additional leading orthopedic provider groups. If you’re aware of orthopedic physician practices that are looking for a financial/strategic partner to enable future growth, please contact us.

The M&A market for healthcare companies continues to strengthen as we enter 2021. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies.  Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong 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.  

www.paragonventures.com

800-719-1555

Contact Us

Paragon Ventures - CONFIDENTIAL CONTACT REQUEST (Market Pulse)
Sending

Broadstep Behavioral Health has acquired Excalibur Youth Services
Henry Schein Acquired Ownership In Prism Medical Products