Some might recall in 2019 the merger of CityMD, a portfolio company of Warburg Pincus and the leading urgent care provider in the New York metro area, and Summit Medical Group, a 900-plus physician multi-specialty group in New Jersey. The deal was a huge merger, combining a leading physician medical group with a robust urgent care network. The combined company, Summit Health, has more than 1,600 providers, 8,000 employees and over 200 locations in New Jersey and New York, as well as more than 130 providers and six locations in Central Oregon.
And now, Summit Health has entered the M&A market. Last week, the company announced it was acquiring Active Orthopedics & Sports Medicine, a leading orthopedic practice in New Jersey. The practice specializes in sports medicine, joint replacement, hand and wrist injuries, spine, hip, and knee care, as well as shoulder, elbow, and foot/ankle care and cartilage restoration. According to search results in our Healthcare Deals Database, this is the first deal the merged company has announced.
To begin the branding transition, the practice will initially adopt the Summit Health brand endorsement, becoming Active Orthopedics & Sports Medicine, A Summit Health Company. The addition of Active Orthopedics, which brings 17 providers and three locations in Hackensack, Emerson, and Glen Ridge, further expands Summit Health’s care model to the state’s populous Bergen and Essex Counties.