Provident Healthcare Partners Advises OrthoBethesda Through Its Partnership With Atlantic Street Capital

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Sep 11, 2018, 07:37 ET

BOSTON and LOS ANGELES, Sept. 11, 2018 /PRNewswire/ -- 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, Washington Shoulder Institute, Washington Spine and Scoliosis Institute, and OrthoTraumaBethesda. Provident Healthcare Partners ("Provident") served as exclusive financial advisor to OrthoBethesda. The terms of the transaction weren't disclosed.

Dr. Edward Bieber, Managing Partner of OrthoBethesda, said, "We wanted a partner to not just provide capital but to also contribute strategic and operating value. 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 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, Partner at OrthoBethesda.

Provident'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, fellowship-trained in their specialties, are respected for their expertise in treating problems relating to bones, joints, extremities, hands, feet, and the spine. 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 orthopedics. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a number of buyers. For more information, visit www.providenthp.com.

Contact:
Provident
Gina Casiello
877-742-9800

SOURCE Provident Healthcare Partners