Novum Orthopedic Partners expands its Dallas-Fort Worth physician practice management platform with investment in North Texas Orthopedic & Spine Center

DALLAS-(BUSINESS WIRE)–Novum Orthopedic Partners (Novum), a leader in orthopedics and spine practice management, has made a strategic investment in Dallas-Fort Worth-based Center for Orthopedics and Spine (NTO), one of the region’s most respected orthopedic practices. NTO provides a full range of musculoskeletal services including orthopedic consultations, surgeries, pain management, imaging and physical therapy through an integrated care network.

“Novum’s footprint in the Dallas-Fort Worth region is rapidly growing, and we see an opportunity to leverage our practice in a way that provides more value to our patients, physicians and leadership team,” said Laura Fulmer, CEO of NTO. “By joining Novum, we look forward to streamlining burdensome administrative tasks for our staff, particularly in areas such as billing and compliance, while providing our physicians with real-time operational and clinical metrics to improve patient outcomes and overall practice performance.”

“Novum’s ability to deliver value to practice providers and improve the patient experience are just two of the reasons we joined the Novum team,” added Dr. Michael Briceño, President and Spine Surgeon at NTO. “Our physician group is excited to enter this new era of medicine as we partner with Novum and their growing bench of exceptional orthopedic providers and support networks.”

The investment is a continuation of Novum’s strategy to partner with similar, entrepreneurial orthopedic practices in the US. The model provides practice partners with a full suite of technology-enabled compliance, revenue cycle and financial services that can improve operational efficiency and empower physicians to deliver best-in-class clinical care. With the closing of NTO, Novum has expanded its practice management platform to include 47 orthopedic and spine physician partners and more than 400 employees across 10 practice locations, 3 affiliated surgical facilities and 10 physical therapy locations in Texas.

“We have developed an attractive, fast-growing model centered around providing a technology-enabled infrastructure and exceptional staff,” said Eric Slimmer, Novum’s Chief Development Officer. “The model enables independent orthopedic practices to remain locally owned and physician-led, while equipping them with data-driven solutions that create a better experience for patients and physicians.”

“We are thrilled to welcome the NTO team to the Novum partnership,” said Alex Sacripanti, AMCP Vice President. “NTO’s commitment to best-in-class clinical quality, along with Novum’s access to resources and our capital investment, creates a powerful partnership for Novum’s growth and expansion in the highly attractive Texas market.” We are excited to partner with their team of suppliers.”

About North Texas Orthopedic and Spine Center

Since 1990, North Texas Orthopedic and Spine Center has been committed to providing its patients with the highest level of compassionate, specialized orthopedic and sports medicine care. Recognized as the region’s preferred orthopedic practice, NTO specialists are leaders in the diagnosis and treatment of the musculoskeletal system, offering surgical and non-surgical treatments for every injury and condition of the bones, joints, muscles, tendons and ligaments, including arthritis of the knee, ankle hip sprains and fractures. To learn more, please visit www.ntxortho.com.

About Novum Orthopedic Partners

Novum Orthopedic Partners is an innovator in orthopedic practice management. The company’s model allows practices of all sizes to maintain local autonomy and independence while achieving the advantages of scale in a national team setting. Novum’s strategy, structure and time-tested model are designed to meet future demands and ensure sustainable growth. For more information, please visit www.novumortho.com.

About A&M Capital Partners

A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s lead investment strategy focused on middle market control transactions in North America, with total assets under management of over $2.9 billion. AMCP partners with founders, corporations and management teams to provide the capital and strategic assistance it believes is necessary to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors, including industrial products, consumer products and services, healthcare, business services and government services.

About Alvarez & Marsal Capital

Alvarez & Marsal Capital is a multi-strategy private equity firm with over $4.2 billion in total assets under management across four funds and three investment strategies. The privately held firm is led by a highly experienced investment team, which is complemented by its strategic collaboration with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world. AMC’s business model combines a focus on middle market private equity investing with A&M’s deep operational experience, industry knowledge and global corporate relationships, making it a uniquely attractive partner for management teams, corporations and business owners.

About Alvarez & Marsal

A&M is a privately held, independent global professional services firm that employs an industry-leading group of experienced operational leaders who help businesses improve performance, solve problems and unlock value for stakeholders. A&M has more than 6,000 operations professionals and employees in 67 offices in North America, Europe, the Middle East, Asia and South America. A&M has expertise in all major industry sectors and broad functional capabilities in nearly all major areas of a business enterprise, including, but not limited to, operations, revenue growth, sales and marketing, manufacturing, IT, finance, working capital management, supply chain supply and logistics, real estate, human capital management, merger integration and spin-off support.

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