Brown Gibbons Lang & Company (BGL) is pleased to announce a new partnership between Orthopaedic Institute of Dayton (OID), the most respected and long-standing orthopaedic practice in the Dayton, Ohio region, and OrthoAlliance (OA), one of the nation’s leading orthopaedic management services organizations. BGL’s Healthcare & Life Sciences investment banking team served as the exclusive financial advisor to OID in the transaction. The specific terms of the transaction were not disclosed.
In practice for more than 50 years, OID is a one-stop-shop for medical imaging, durable medical equipment, physical therapy, treatment of musculoskeletal injuries, and orthopaedic surgery, with three main convenient locations in Dayton, Springboro, and Tipp City, Ohio.
The partnership adds three locations and 10 physicians to OA’s expanding network and will enhance access to OID’s patient-centered approach to delivering the highest quality care. It also aligns OID with Beacon Orthopaedics & Sports Medicine, a world-class center for orthopaedic care and the founding practice of OA. While OID leadership and staff continue to focus on providing extraordinary patient care and day-to-day operations, OA is now delivering important administrative and clinical support for the growing practice.
Based in Cincinnati, Ohio, OA is a nationally leading patient-centered, physician-led management services organization that helps orthopaedic practices grow and thrive in an ever-changing healthcare landscape. Formed in partnership in 2019 with leading Midwest physician practices and Revelstoke Capital Partners, a Denver-based private equity firm, OA’s partner practices feature over 110 physicians across all orthopaedics and sports medicine specialties, and 1,500 employees. The organization strives to attract the most talented physicians and staff and deliver the highest quality care in the industry.
This physician practice M&A transaction builds upon BGL’s deep experience in advising physician practices and related ancillary services. BGL’s Healthcare Provider Services Group is one of the most experienced and respected financial advisory teams in the U.S. for healthcare investment banking and related technical services, with a long track record of expertise in physician practice valuation and in successfully advising physicians and alternate site providers through strategic transactions like selling a physician practice.