Atlantic Street Capital said Sept. 5 that it acquired OrthoBethesda. Financial terms weren’t announced. OrthoBethesda provides orthopedic services in the greater Washington, DC region.
STAMFORD, CT, September 5, 2018 – Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today the acquisition of OrthoBethesda, a premier provider of orthopedic services in the greater Washington, DC region.
Founded in 1965, the practice is a leading provider of comprehensive musculoskeletal care to patients in the greater Washington, DC market. OrthoBethesda employs board-certified orthopedic surgeons with specializations across the spectrum of musculoskeletal care, and the practice 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. In addition to its orthopedic specialists, the practice employs a team of physical therapists and therapy aides in addition to a broader team of licensed clinicians.
Andy Wilkins, Managing Partner at Atlantic Street Capital, commented, “OrthoBethesda has an established leadership position in the greater Washington, DC area given its longstanding reputation for delivering high quality care and a full-service offering through its specialist groups. We couldn’t have partnered with a better team, and are excited about the tremendous growth path ahead.”
George Parry, Principal at Atlantic Street, added, “The partners at OrthoBethesda are not only great surgeons, but they are also great people. Our teams have gotten to know one another well over these past few months, and we are excited to partner with them to capitalize on the opportunity we all see within the orthopedic space.”
Dr. Edward Bieber 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.”
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $4 million and $15 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital’s investment team are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently making investments in Atlantic Street Capital III, LP. For more information, visitwww.atlanticstreetcapital.com.