Vail, Colo.-based The Steadman Clinic recently partnered with orthopedic practice company Orthopedic Care Partners.
OCP is the holding company for five practices including The Orthopedic Institute in Gainesville, Fla., and is backed by private equity company Varsity Healthcare Partners.
Rich Gilbert, MD, CEO of OCP, discusses The Steadman Clinic partnership and how private equity will develop in orthopedics.
Note: Responses are edited for style and clarity.
Question: Is The Steadman Clinic the biggest coup for Orthopedic Care Partners to date? Are there any financial terms of the deal you can share?
Dr. Rich Gilbert: We are ecstatic about our transformational partnership with The Steadman Clinic with its internationally recognized surgeons and world class reputation for clinical innovation and excellence. The Steadman Clinic will serve as Orthopedic Care Partners’ western platform for operations and growth. Terms of the transaction were not disclosed and are private.