Trive invests in FSJI

Trive Capital has made an investment in Florida Spine and Joint Institute, a Boca Raton, Florida-based provider of full spectrum spinal and extremity care services. No financial terms were disclosed.

PRESS RELEASE

DALLAS, Texas, and BOCA RATON, Florida

Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce its investment in and partnership with Florida Spine and Joint Institute (“FSJI” or the “Company”). FSJI is a leading provider of full spectrum spinal and extremity care services, offering imaging, chiropractic, pain management and surgical services. The Company operates 14 clinics across Florida and has an 18-year track record of excellent patient care.

“We are excited to partner with the Florida Spine and Joint management team in supporting the next phase of the Company’s growth,” commented Trive Managing Partner, Conner Searcy. “The FSJI team has built a great business with a reputation for superior patient care and service, positioning the Company well for rapid acquisition and greenfield expansion.”

Ryan Fulcher, CEO, added, “FSJI’s success revolves around delivering superior service levels to our patients through talented and dedicated employees. The Company’s strategic service offering has yielded strong growth in recent years, and we look forward to continuing this momentum with partners that can provide additional capital and operational resources. With Trive’s financial backing and expertise, we can expand into new locations and broaden our offering to better meet the needs of our patients. We look forward to the next phase of growth and will look to expand organically and via acquisition.”

Trive’s acquisition of FSJI expands the firm’s growing healthcare portfolio. The Trive team will continue to look for additional investments in the healthcare services space, both in conjunction with its investment in FSJI and for new platform investments.

The Trive team is actively seeking opportunities to partner with businesses in the following sectors:
Healthcare IT
Clinical research organizations, contract manufacturing organizations (for OTC, FDA approved devices/pharma)
Specialty healthcare distribution (including pharmacy)
Nutraceuticals and supplements (post-approval)
Medical technology companies (post-FDA approval, diversified product portfolio)

ABOUT FLORIDA SPINE AND JOINT INSTITUTE
Headquartered in Boca Raton, FL, Florida Spine and Joint Institute (“FSJI”) is a leading provider of full continuum extremity and spinal care services. The Company’s service offering includes imaging services, chiropractic care, pain management and outpatient surgical services. FSJI serves a variety of patient populations, with expertise in the personal injury space. The Company operates 14 locations across South, Central and Western Florida.

About Trive
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas. The Trive team is comprised of seasoned investment professionals who have been involved in over 70 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.