On Aug. 29, Orthopedic Care Partners (OCP) announced it acquired an ambulatory surgery center (ASC) in Wentzville, Missouri for an undisclosed price, marking Orthopedic Care Partners’s second acquisition of 2022. The company previously acquired the practice of Dr. Luke Choi, an orthopedic practice in Jefferson City, Missouri.
The facility, which opened in late 2021, includes clinic space, an imaging center and two operating rooms.
OCP, a portfolio company of Varsity Healthcare Partners, is a strategic partner and support organization for top-performing orthopedic practices currently comprised of The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO), Tucson Orthopaedic Institute (AZ) and other leading affiliated practices.
The Wentzville facility will be used by Motion’s physicians, which includes surgeons, physiatrists and occupational medicine practitioners. The financial terms of the deal were not disclosed.
According to the LevinPro HC database, this is the third ASC transaction of August 2022 and the 20th of the year. August 2021 saw five ASC acquisitions and January through August 2021 saw only 13 deals. On August 15, an undisclosed buyer purchased a 19900- square-foot ASC in Naperville, Illinois for $15.2 million, the largest ASC deal of the month.
