Merritt Healthcare Advisors (“MHA”) is pleased to announce the partnership between Somers Orthopaedic Surgery & Sports Medicine (Somers Ortho or the “Practice”) and Health Plus Management Partners (“HPM”). In this transaction HPM acquired 100% of the non-clinical assets of Somers Ortho in an effort to continue their expansion and strategic focus on alliances with top-tier orthopaedic practices in key Northeast markets.
Dr. Joel Buchalter, Orthopaedic Surgery & Total Joint Replacement Specialist at Somers, expresses enthusiasm for the partnership: “By combining our strengths and leveraging HPM’s vast professional resources, we are confident in our ability to further optimize the entire patient experience. By relieving our clinical teams from administrative burdens, improving our facilities and introducing enhanced technologies, we can continue to provide exceptional care and support to our patients with ease and convenience, while facilitating their recovery from musculoskeletal injuries with dedication and proficiency.”
“Our team comprises highly dedicated physicians trained at prestigious institutions across the United States. Through our partnership with HPM, we expand beyond conventional ownership while maintaining exceptional care,” states Dr. Douglas Fauser, Sports Medicine & Total Joint Replacement Specialist at Somers. “Together, we will elevate musculoskeletal care within our community, ensuring a successful future.”
“Merritt is pleased to announce the fortification of this affiliation between Somers Ortho and Health Plus Management to better serve their patients of the Fairfield County (CT), Westchester, Putnam and Dutchess County (NY) markets. The physician leadership at Somers Ortho has built not only a spectacular Practice, but one that is well-positioned to provide high-quality, low-cost care to patients for many years to come through its partnership with Health Plus Managment,” said Matt Searles, Managing Director at Merritt Healthcare Advisors.
About Somers Orthopaedic Surgery & Sports Medicine
Somers Orthopaedic Surgery & Sports Medicine Group (“Somers Ortho”) is a trusted provider of premier musculoskeletal care. Since 1988, the team of highly skilled and board-certified physicians has been dedicated to diagnosing and treating a wide range of orthopaedic conditions and injuries. With convenient locations in Carmel (NY), Newburgh (NY), Mount Kisco (NY), Fishkill (NY), and Danbury (CT), Somers brings expert care closer to patients. Somers’ state-of-the-art facilities house advanced diagnostic technologies, including digital X-ray, MRI, and ultrasound; ensuring accurate and timely results for patients. From sports medicine and minimally invasive joint replacements to spine surgery and non-surgical therapies, Somers’ comprehensive range of services allows for providers to deliver personalized and effective treatment options. At Somers Orthopaedic Surgery & Sports Medicine Group, the team is committed to providing exceptional care, helping their patients regain mobility, and improving their quality of life. For more information, visit https://www.somersortho.com/.
About Merritt Healthcare Advisors
Merritt Healthcare Advisors (“MHA”) is focused exclusively on representing owners of surgical facilities and healthcare practices that are considering strategic options, whether it is selling an interest in their organization, creating a new partnership or growing through acquisition. MHA is unique in that we are the only firm that combines an investment banking background with actual “owners” experience that comes from developing and managing our own healthcare facilities. We have used this experience to successfully complete more than $5 billion in transactions on behalf of our Clients. As the industry’s leading Mergers and Acquisitions (“M&A”) firm, our proven process and extensive buyer network enables us to help our Clients realize the absolute best financial and non-financial outcomes. The Principals of Merritt acted in their capacity of 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 Plus Management
Founded in 1994, Health Plus Management (“HPM”) is a Long Island based business created to advance new and well-established musculoskeletal practices. HPM functions as a core resource for independent private practices and strives to present physician-owners with a clear path to satisfaction and success by providing the infrastructure for administrative operations that allows practices to operate at their highest level. HPM is backed by Investcorp, a leading global manager of alternative investments with six lines of businesses, including private equity, real estate, absolute return investments, infrastructure, credit management, and strategic capital. For more information on Health Plus Management, visit https://healthplusmgmt.com.