Kohlberg Invests in Orthopaedic & Neurosurgery Specialists to Expand Clinical Care Capacity and Enhance Ancillary Services

On July 8, 2019, Kohlberg & Company announced a growth capital investment. Kohlberg & Company has partnered with Orthopaedic & Neurosurgery Specialists to expand clinical care capabilities and enhance ancillary service quality, delivering higher-quality and more comprehensive services to patient populations. Kohlberg is a leading private equity firm headquartered in New York, USA. Orthopaedic & Neurosurgery Specialists (“ONS”) is a leading provider of specialized orthopedic and neurosurgical services in Connecticut and Westchester County, USA.

Headquartered in Greenwich, Connecticut, ONS is a multi-specialty physician group with three offices in Greenwich. The company offers a broad spectrum of clinical services, including orthopedics, sports medicine, joint replacement, neurosurgery, physiatry, and ancillary services such as physical therapy and MRI. ONS partners operate an ambulatory surgery center and an urgent care center, delivering the highest quality of care through comprehensive, continuous patient management.

Seth Miller, MD, Co-Founder and Executive Committee Member of ONS, stated, “We are thrilled to partner with Kohlberg and embark on the next chapter of our company’s growth. Kohlberg brings extensive industry experience and financial resources, with a strong track record in healthcare services companies.” Mark Camel, MD, Co-Founder and Executive Committee Member of ONS, added, “We believe Kohlberg will be an ideal partner in executing our strategic growth plans. This investment will expand our clinical model to better serve our patients today and in the future.”

Robert A. Cucuel, Operating Partner at Kohlberg, commented, “ONS is a clear market leader in the orthopedic services sector, enjoying an unparalleled reputation for delivering premier patient care and achieving industry-leading clinical outcomes.” “We are delighted to partner with ONS and look forward to supporting their continued expansion and their commitment to providing the highest quality of patient care.”

In this transaction, Lazard Middle Market served as financial advisor, and Katten Muchin Rosenman acted as legal counsel to ONS. Houlihan Lokey served as financial advisor to Kohlberg, with Ropes & Gray acting as legal counsel.

Headquartered in Greenwich, Connecticut, ONS is a multi-specialty orthopedic and neurosurgical physician group with three branches located in Greenwich, Stamford, and Harrison. The company offers a comprehensive range of clinical services, including orthopedics, sports medicine, joint replacement, neurosurgery, physical therapy, and ancillary services such as MRI. ONS partners operate an ambulatory surgery center and an urgent care center.

Kohlberg & Company, LLC (“Kohlberg”) is a leading private equity firm headquartered in Mount Kisco, New York. Since its founding in 1987, Kohlberg has raised eight private equity funds, through which it has secured over $7.5 billion in committed equity capital. Over its 32-year history, Kohlberg has completed 76 platform investments and nearly 200 add-on acquisitions, with total transaction value exceeding $15 billion.