INSIGHT

A leading ASC management company has acquired a minority interest in Orthopedic Surgery Center of Palm Beach County, Inc. (“OSCPBC”). OSCPBC is the ambulatory surgery center for Orthopedic Center of Palm Beach County, a provider of state-of-the-art, comprehensive musculoskeletal care including the spine, shoulder, elbow, wrist, hand, hip, knee, foot, and ankle to patients of all ages throughout South Florida. OSCPBC’s distinguished team of Board Certified/Board Eligible physicians and surgeons are each fellowship-trained in their particular specialties, and together provide the highest quality treatments, surgeries, and care. Provident Healthcare Partners (“Provident”) served as exclusive financial advisor to OSCPBC. The terms of the transaction were not disclosed.

“As one of the newest and most state-of-the-art surgery centers in Palm Beach County, the physicians at OSCPBC will look to leverage their new partnership to continue providing the highest level of care for the foreseeable future,” commented Robert Aprill, Analyst at Provident.

“Provident was an exceptional asset in finding the right strategic partner to help us continue our vision. Their knowledge and expertise were invaluable in helping us navigate the process and ultimately find the best partner. I would recommend them without reservation,” stated John Hornberger, Chief Executive Officer of OSCPBC.

About Orthopedic Surgery Center of Palm Beach County
OSCPBC, which was founded in 2016, is a comprehensive, 9,000 sq. feet state-of-the-art surgery center with three large C-class operating rooms, 12 recovery room bays, and concierge services, along with a private and convenient patient pick up location. The surgery center’s 15 physicians are skillfully trained in orthopedic surgery, pediatric orthopedic surgery, and hand and microvascular surgery. For more information, visit http://www.oscpbc.com/.

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, and unsurpassed experience and insight into the M&A process. For more information, visit www.providenthp.com.

Contact:

Provident Healthcare Partners
Gina Casiello
617-742-9800

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  • ”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.”

  • “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.”

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

  • “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.”

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

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

  • “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.”