OrthoCarolina selling PT business OrthoCarolina plans to sell its physical therapy business to a private equity-backed firm. Charlotte-based OrthoCarolina, one of the nation’s largest independently owned orthopedic practices, is finalizing a deal to sell its physical therapy division to PT Solutions Physical Therapy, an Atlanta-based provider supported by PE. The agreement is expected to be announced in the coming weeks. CEO and orthopedic surgeon Leo Spector said the move would allow … [Read more...]
OrthoCarolina Adds to ASC Footprint, Buys Matthews Surgery Center
OrthoCarolina has acquired Matthews Surgery Center from health care network Novant Health. Financial terms of the deal – made official on Oct. 1 – were not disclosed. OrthoCarolina will now own, operate and manage the ambulatory surgery center (ASC) moving forward. “We deeply value our longstanding relationship with Novant Health, whose collaboration has helped ensure access to high-quality, affordable care for our patients," OrthoCarolina Chief Administrative Officer Bob Raspa said in a … [Read more...]