Resurgens Orthopaedics and Welsh, Carson, Anderson & Stowe (WCAS) announced today that United Musculoskeletal Partners (UMP) is the name of their newly formed company to be the premier physician-owned orthopedic platform in the country.
UMP will build upon Resurgens Orthopaedics' 35 years of experience being a premier, physician-owned, orthopedic practice. The company will partner with high-quality, physician-owned, orthopedic practices throughout the country to build a new industry leader in musculoskeletal care. A combination of operational and strategic initiatives will drive quality, growth, and opportunities for innovation, while allowing the practices to focus on what they do best: patient care.
UMP is led by CEO, Alex Bateman. Bateman is a seasoned healthcare executive with decades of operating experience, including senior leadership roles at United Surgical Partners International (USPI), and DaVita. Bateman also remains in his position as CEO of Resurgens, which he has held since 2020.
Bateman announced two executive appointments for UMP. Clint Adams has been named Chief Financial Officer and James Jackson has been named Chief Development Officer.
"I am excited to welcome Clint Adams and James Jackson to UMP" said Alex Bateman. "They are both talented, results-oriented executives who bring years of valuable experience to UMP and they will be instrumental in our future success. The timing of their appointments couldn't be better, as we are well underway in the process of adding new practices to the partnership."
Clint Adams joins United Musculoskeletal Partners as Chief Financial Officer. Prior to assuming this role, Adams spent more than 17 years with Ardent Health Services, a 30-hospital system and former WCAS portfolio company. During his tenure as CFO, Adams oversaw all financial functions during a period in which the company grew from $2.5B in revenue to more than $5B in revenue. Adams was integral to the successful acquisitions and integration of 23 of Ardent's 30 facilities Previously, he was a senior manager with Ernst & Young where he worked with public and private healthcare organizations as well as fast-growing startups. Adams is a certified public accountant and previously served on the Board of Governors and several committees of the Federation of American Hospitals. He holds a Bachelor of Science degree in Accounting from Murray State University where he graduated Summa Cum Laude.
James Jackson joins United Musculoskeletal Partners as Chief Development Officer. Prior to assuming this role, Jackson spent 22 years at USPI, a former WCAS portfolio company focused on short-stay surgical facilities. During his time at USPI, Jackson served in senior operations and development roles, most recently overseeing development and M&A activity for the western U.S. Jackson began his healthcare career as Division Sales Manager for Columbia/HCA Healthcare. He holds a BS degree in Business Administration from Birmingham Southern College.
About United Musculoskeletal Partners
United Musculoskeletal Partners (UMP) was formed in 2022 by Resurgens Orthopaedics, one of the nation's largest orthopedic practices, and leading private equity firm WCAS. UMP will partner with entrepreneurial, physician-owned orthopaedic practices to deliver exceptional clinical care to patients around the country while simplifying the management functions of the practices under one umbrella company. Atlanta-based Resurgens Orthopaedics is the founding orthopaedic group in UMP. More information at www.umpartners.com
About Resurgens Orthopaedics
Resurgens Orthopaedics, one of the nation's largest orthopaedic practices, has 24 offices throughout metro Atlanta, serving the residents of Georgia, the Southeast and beyond. Resurgens Orthopaedics provides comprehensive operative and non-operative musculoskeletal care in a single location, from injury diagnosis and treatment to rehabilitation and imaging services. With almost 100 physicians, Resurgens Orthopaedics provides specialized expertise and broad experience in the areas of sports medicine, joint replacement, neck and back surgery, foot and ankle surgery, shoulder and elbow surgery, non-operative spine care, hand surgery, arthroscopic surgery, epidural steroid injection, general orthopaedics and trauma care. For more information, please visit www.resurgens.com.
About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: healthcare and technology. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $30 billion of committed capital. For more information, please visit www.wcas.com.
Contact:
Jennifer Greene
Illuminate-Communications
Jennifer.greene205@gmail.com
770-361-2014
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