Orthopedic Care Partners (“OCP” or the “Company”), a leading orthopedic practice management platform, announces a growth recapitalization transaction, inclusive of a $185M hybrid capital raise provided by Brookfield Asset Management through its Special Investments program (“BSI”) and a $358M senior credit facility refinancing, led by TPG Twin Brook Capital Partners (“TPG Twin Brook”). BSI’s hybrid capital investment brings strategic partnership and adds additional flexibility to OCP’s capital structure, positioning the Company for its next phase of growth. Orthopedic Care Partners, which has a presence in five states and supports 136 recognized physicians across a platform of 42 clinical locations and six ambulatory surgery centers, is backed by Varsity Healthcare Partners (“VHP”).
Read the full article: VHP’s Orthopedic Care Partners Secures $185M Strategic Investment from Brookfield and Completes $358M Senior Debt Refinancing //
Source: https://www.prnewswire.com/news-releases/vhps-orthopedic-care-partners-announces-dr-tim-corvino-as-chief-executive-officer-secures-185-million-strategic-investment-from-brookfield-and-completes-358-million-senior-debt-refinancing-302324297.html