September 10, 2021
MSouth Announces the Acquisition of Lync Health Partners, LLC
Nashville, TN (September 10, 2021) – MSouth Equity Partners, an Atlanta-based private equity firm with an office in Nashville, announced the closing of its newest investment. In partnership with the company’s management team and existing physician partners, MSouth completed its platform investment in Lync Health Partners (“Lync” or the “Company”) by acquiring the Orthopedic Ambulatory Surgery Center of Chesterfield (“OASCC”).
Lync Health Partners, headquartered in Nashville, TN, specializes in the acquisition, development, growth and management of ambulatory surgery centers across the country. Its experienced leadership team focuses on helping physician partners expand their services through the addition of higher-acuity surgical cases, including total joint replacement, spine and cardiology. The company was founded in 2021, and its launch comes amid a national trend of increasing volumes for outpatient surgical centers, spurred in part by federal reimbursement policies encouraging hospitals to migrate certain care from inpatient settings to ambulatory surgery centers (“ASCs”) through site-neutrality.
Dr. David Brown of OASCC commented, “We are confident that after an exhaustive diligence and selection process, OASCC has chosen the ideal private equity partner in MSouth and an experienced operator in Lync Health Partners to support our expansion efforts and mission to provide the highest quality of care in a state-of-the-art facility so our patients can have the best possible experience and outcomes.”
“We’re excited to have our proven team back together and to pursue the tremendous opportunities we see in the ASC sector,” Kenny Hancock, CEO of Lync Health Partners said. “The demand for these services is increasing dramatically, and we hear from physicians across the country who are looking for the expertise and resources to add service lines and continue growing their business. We want to help these surgeons best position their practices to capitalize on this exciting moment. Our business model is designed to lower healthcare costs and provide the best possible outcomes for patients.”
“This group’s best asset is their experience,” Bacon said. “They’ve been around the industry for decades and understand what it takes to be successful in today’s market. The team behind Lync has taken multiple successful businesses through organizational phases, investor funding and growth phases, all the way through to maturity and exit. We’re confident in their business model and look forward to partnering closely with them for this exciting opportunity.”
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $250 million. Based in Atlanta with an office in Nashville, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services, and telecommunications/media companies. With more than $2.2 billion of capital raised across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.