Genesis Capital partnered with Optim Health to complete a majority interest sale to National Surgical Health.
Here are five things to know:
1. National Surgical Healthcare, based in Chicago, acquired majority stake in the orthopedics-focused Optim Healthcare in April, and the deal closed recently.
2. Genesis Capital was the investment banking advisor to Optim. Morris, Manning & Martin, LLP and Oliver Maner LLP provided Optim's legal counsel.
3. Optim engaged Genesis Capital to help physician owners consider the company's strategic options in the increasingly complex healthcare landscape. Genesis Capital allowed the company to remain physician-focused.
4. Genesis Capital provided management support and resources for Optim's continued growth and efficient operations.
5. The Savannah, Ga.-based Optim has 27 physician shareholders as well as 20 additional physicians in its network. The health system has an ambulatory surgery center and three critical access hospitals.
"We are pleased to announce the next step in our company's growth, a transformational partnership with the leading orthopedic group in Southeast Georgia," said NSH CEO David Crane. "With its musculoskeletal focus and reputation for strong clinical outcomes and high quality patient care, Optim and NSH are an ideal fit."