Merritt Healthcare Advisors (“MHA”) is excited to announce the strategic partnership between OrthoConnecticut, headquartered in Ridgefield, CT, and Healthcare Outcomes Performance Company (HOPCo), based in Phoenix, AZ. Established in 1954, OrthoCT is a prominent provider of musculoskeletal and pain care, boasting 9 office locations across Connecticut. Specializing in areas such as foot & ankle, hand & wrist, joint replacement and pain management, OrthoConnecticut has chosen to align with HOPCo to capitalize on its operational proficiency, robust infrastructure, value-based care, digital health platforms and proven track record in scaling MSK practices to market-leading platforms.
“Merritt is pleased to announce this partnership between OrthoConnecticut and HOPCo. The new partnership will undoubtedly set a new standard of high quality orthopedic care in Connecticut, while bending the cost curve for consumers and payors,” said Richard Searles, Partner at Merritt Healthcare Advisors.
“Our intention to join forces and become OrthoConnecticut was always to combine best practices so as to provide the best possible outcomes and experience for our patients,” said Dr. Michael Brand, President of OrthoConnecticut. “Now that we have consolidated into one platform, we knew we would benefit from an experienced partner that could provide a proven infrastructure for continued growth and accelerated market transformation. We witnessed how HOPCo helped enhance practices similar to ours with the value they bring, so we knew they were the best choice as a partner. Our long-standing relationship with the Merritt team continued as they guided us through this transaction. OrthoConnecticut is very pleased with the outcome and looking forward to the HOPCo partnership”.
“OrthoConnecticut is a shining example of a practice that is leading the transition to value-based care in their market,” said Dr. Wael Barsoum, President and Chief Transformation Officer at HOPCo. “Their decision to become OrthoConnecticut signalled to the community their commitment to expanding access to excellent care. Now that they have partnered with HOPCo, we aim to help them accelerate their growth, improve outcomes and reduce costs for patients and payors while still providing unparalleled patient access and personalized care.”
About OrthoConnecticut
OrthoConnecticut is a multi-specialty practice staffed by leaders in orthopedic and pain care and is the united practice of Coastal Orthopedics, Danbury Orthopedics, New Milford Orthopedics and Connecticut Pain Care. The practice’s fellowship-trained physicians offer appointments in 9 office locations. The goal of the practice is to help patients regain mobility, lead active lives, and attain optimal health. Offices in Danbury, Darien, Litchfield, New Milford, Norwalk, Ridgefield, Sharon, Southbury, and Westport. For more information, visit www.myorthoct.com.
About Merritt Healthcare Advisors
Merritt Healthcare Advisors is the leading provider of merger and acquisition services for healthcare businesses, including physician practices, surgical facilities, and ancillary service providers. As the only M&A advisory firm with active clinical operations, Merritt has an unmatched perspective when it comes to obtaining optimal valuation for our clients. Having completed more than $5 billion in healthcare transactions across the United States since 2005, Merritt helps clients realize the true value of their assets, source relationships of strategic value, and ultimately manage the process of achieving a successful transition. The Principals of Merritt acted in their capacity as licensed investment banking agents of Burch & Company, Inc., member FINRA/SIPC. For additional information on Merritt Healthcare Advisors, please visit https://merrittadvisory.com/.
About Health Outcomes Performance Company (HOPCo)
Healthcare Outcomes Performance Company (HOPCo) is the national leader of integrated musculoskeletal value-based health outcomes management, practice management and health system service line management. This includes comprehensive expertise across all MSK specialties, including orthopedics, spine, neurosurgery, hand, pain management, rehabilitation and neurology. HOPCo’s integrated care, analytics, and facilities development and management platforms have proven to increase the quality of patient care while reliably reducing the total cost of care across the care continuum for practices, health systems and payors alike. HOPCo’s affiliated payors, practices, and health systems successfully participate in highly efficient value-based contracting (bundled payments, chronic episodes of care initiatives, population health programs, and other advanced risk-based arrangements) utilizing HOPCo’s proprietary platforms, IT solutions, digital patient engagement platform, integrated analytics, and evidence-based comprehensive care pathways. Visit www.hopco.com to learn more.