INSIGHT

OrthoBethesda, a premier provider of orthopedic services in the greater Washington, DC region, has partnered with Atlantic Street Capital to create a dynamic orthopedic practice. OrthoBethesda operates four Centers of Excellence: Washington Joint Institute, providing treatment to patients with debilitating arthritic joint conditions; Washington Shoulder Institute, focusing on the demands of patients suffering from various shoulder-related ailments; Washington Spine and Scoliosis Institute, offering state of the art management of complex spinal conditions; and OrthoTraumaBethesda, providing advanced comprehensive care of orthopedic trauma cases. Provident Healthcare Partners (“Provident”) served as exclusive financial advisor to OrthoBethesda. The terms of the transaction were not disclosed.

Dr. Edward Bieber, Managing Partner of OrthoBethesda, said, “We have built OrthoBethesda over the past 50 years with a combination of medical experience and commitment to high quality patient care. We wanted a partner to not just provide capital but to also contribute strategic and operating value, and we are enthusiastic to partner with Atlantic Street Capital to expand the breadth of services, enhance the patient experience, and continue to improve execution and operations as we grow within our region and beyond.”

Dr. Bieber added “We were very competently represented and guided by Provident. They understood our goals, the landscape, and the players and brought us together with an ideal partner. We are very appreciative of their skills, knowledge and personal touch throughout the process.”

“We are excited to partner with Atlantic Street Capital to provide the highest level of orthopedic patient care. Provident was invaluable throughout this process. They took the time and did the research to understand our goals and they connected us with the perfect partner. They helped to guide us every step of the way to ensure a smooth transaction,” noted Dr. Sridhar Durbhakula, Co-Director of OrthoBethesda.

With 11 fellowship trained surgeons, OrthoBethesda has taken steps to position itself as the highest quality provider of musculoskeletal services in Maryland. Provident Healthcare Partner’s Robert Aprill said, “With the newly created partnership between the physicians of OrthoBethesda and Atlantic Street Capital, the Practice will be in a position to provide the highest level of patient care throughout the Mid-Atlantic and beyond.”

About OrthoBethesda
Founded in 1965, the practice is a leading provider of comprehensive musculoskeletal care to patients in the greater Washington, DC market. OrthoBethesda’s board-certified orthopedic surgeons, all fellowship-trained in their specialties, are respected for their expertise in treating problems relating to bones, joints, extremities, hands, feet, and the spine. This includes such disease processes as arthritis as well as fractures, tendon and ligament injuries, and sports-related concerns. The practice also employs a team of physical therapists and therapy aides in addition to a broader team of licensed clinicians. Visit http://www.orthobethesda.com/ for more information.

About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including the orthopedic sector. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a number of buyers such as private equity firms and strategic groups. For more information, visit www.providenthp.com.

Contact:
Provident Healthcare Partners
Gina Casiello
877-742-9800

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  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”