Audax-backed HOPCo buys Tahoe Fracture

HOPCo, which is backed by Audax Private Equity, has acquired Carson City, Nevada-based Tahoe Fracture, a group of 16 orthopedic care physicians.

HOPCo, which is backed by Audax Private Equity, has acquired Carson City, Nevada-based Tahoe Fracture, a group of 16 orthopedic care physicians. No financial terms were disclosed.

PRESS RELEASE

Audax Private Equity portfolio company, HOPCo, acquires Tahoe Fracture

The Company
Headquartered in Carson City, NV, Tahoe Fracture is a group of 16 orthopedic care physicians. The group has nine locations throughout Reno, Carson City, and the surrounding areas.

The Deal
HOPCo, a portfolio company of Audax Private Equity (“Audax”), has partnered with Tahoe Fracture. The partnership will merge Tahoe Fracture with Spine Nevada, a premier spine, vein, and neurosurgery practice in Reno, NV, creating the largest integrated musculoskeletal care platform in Nevada. The partnership expands HOPCo’s geographic footprint in Nevada and presence in orthopedic care and represents the company’s fifth additional partnership since Audax’ investment.

The Thesis
In August 2019, Audax partnered with HOPCo, an Arizona-based full-continuum provider of musculoskeletal care services including physician practice management, hospitals, ambulatory surgery centers, and ancillary services. Audax will continue to work with the HOPCo management team to further the company’s track record of organic growth and help accelerate its Buy & Build strategy to expand into new geographies.