Houlihan Lokey Advises The Orthopaedic Institute

Houlihan Lokey is pleased to announce that The Orthopaedic Institute, P.A. (TOI), has completed a recapitalization transaction and growth capital partnership with Varsity Healthcare Partners (VHP). The transaction closed on November 16, 2017.

Based in Gainesville, Florida, TOI is among the state’s largest providers of clinical and surgical orthopedic treatment and ancillary patient care services. Utilizing a network of six clinical locations and two physician-owned ambulatory surgery centers, TOI provides a broad spectrum of comprehensive, patient-centric musculoskeletal care. Services range from injury prevention and diagnosis to complex surgical treatment and intensive rehabilitation. TOI’s comprehensive service line is administered by its 33 highly trained physicians who are supported by the company’s long-tenured clinical support staff, seasoned managerial leadership, and centralized business services platform.

VHP is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs, and management teams to build leading healthcare services companies. VHP has been successful in developing and executing a tailored value-creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition-based growth strategy. VHP draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach, to effectively drive growth and maximize value.

Houlihan Lokey is a premier advisor to healthcare companies, with over 140 closed transactions since 2012—including 41 transactions in 2016. This most recent transaction further strengthens Houlihan Lokey's leadership in the healthcare sector and highlights the firm’s continued momentum in the physician practice management and multisite healthcare services space.