On August 6, Surgery Partners, backed by Boston-based private equity firm Bain Capital, announced that it entered into an agreement to acquire 14 Wisconsin-based orthopedic groups and two ambulatory surgery centers (ASCs) from The Orthopedic Institute of Wisconsin.
Surgery Partners is a leading operator of surgical facilities and ancillary services. It has more than 180 locations in 32 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities.
The Orthopedic Institute Of Wisconsin is a medical group practice with three locations across the state. According to its website, it has 18 physicians on staff.
Husch Blackwell served as counsel the consortium of orthopedic practices. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 24th ASC transaction of the year. Throughout 2023, there were 27 ASC acquisitions reported, and in 2022 there were 30 ASC deals.
