Skip to Content
March 3, 2021

BGL Facilitates New Partnership Between Hand to Shoulder Associates and American Orthopedic Partners

Chicago, IL — March 3, 2021 — Brown Gibbons Lang & Company (BGL) is pleased to announce a new partnership between Hand to Shoulder Associates (HSA) and American Orthopedic Partners (AOP), a portfolio company of Stone Point Capital.

BGL’s Healthcare & Life Sciences investment banking team initiated the transaction and served as the exclusive financial advisor to HSA. The specific terms of the transaction were not disclosed.

Hand to Shoulder Associates was founded in the early 1970’s as a single-physician hand surgery practice in Elk Grove Village, Illinois. Over the last 40 years, HSA has garnered recognition for its specialization in injuries and problems of the shoulder, elbow, wrist and hand. It is the largest non-university single-specialty hand group and one of the largest in the Midwest. All of HSA’s surgeons are Board Certified by the American Board of Orthopaedic Surgeons, with additional sub-specialization training in upper extremity and microvascular surgery.

American Orthopedic Partners is a national physician-led orthopedic practice, founded in 2020, with a vision to maintain the best in private practice while leveraging the benefits of scale. Its physician-centric culture promotes physician engagement and innovation, leading to the development of real clinical value. AOP is a portfolio company of Stone Point Capital, a financial services-focused private  equity firm based in Greenwich, Connecticut. Stone Point targets investments in companies in the global financial services industry and related sectors, and, to date, has raised and managed eight private equity funds with aggregate committed capital of more than $25 billion.