Quadriga Partners advised Panorama Orthopedics & Spine Center on its recapitalization with U.S. Bancorp
DENVER, Oct. 2, 2018
DENVER, Oct. 2, 2018 /PRNewswire/ -- Quadriga Partners, LLC ("Quadriga"), an investment bank and transaction advisory group that works closely with companies in the healthcare industry, has announced a recapitalization between Panorama Orthopedics & Spine Center ("Panorama"), a sophisticated and trusted provider of orthopedic care in metro Denver, and U.S. Bancorp ("U.S. Bank"). Quadriga served as exclusive financial advisor to Panorama in the transaction.
Based in Golden, Colorado, Panorama is a vertically-integrated orthopedic network focused on coordinating the delivery of musculoskeletal care to patients throughout its continuum of ambulatory surgery centers, outpatient clinics, a specialized inpatient rehabilitation facility, and OrthoColorado, Colorado's only specialty orthopedic hospital. Panorama's comprehensive services include orthopedic surgery, physical therapy, transitional care, imaging, massage, acupuncture, durable medical equipment, sports training, and metabolic bone disease treatment.
Eric Worthan, CEO of Panorama, commented, "Quadriga's debt capital advisory expertise and deep physician practice industry knowledge allowed us to exceed our initial transaction goals of generating meaningful liquidity for our shareholders in a cost-effective and flexible manner while maintaining full control of our future."
U.S. Bank Senior Vice President, David Crittendon, remarked, "We are elated to partner with Panorama and look forward to supporting the growth and liquidity needs of a truly best-in-class and innovative healthcare provider."
Aaron Osmundson, Managing Director of Quadriga, added, "It was a pleasure to work with such an established leader in orthopedic care. We are excited to watch Panorama continue to develop an unrivaled, musculoskeletal care health system."
About Panorama Orthopedics and Spine Center
Panorama Orthopedics & Spine Center has been a trusted provider of orthopedic care in metro Denver for more than 70 years. Panorama's independent group of more than 40 orthopedic surgeons is one of the largest orthopedic groups in the United States, performing nearly 15,000 surgeries annually. For additional information on Panorama, please visit www.PanoramaOrtho.com.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $461 billion in assets as of June 30, 2018, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2018 World's Most Ethical Company. Visit U.S. Bank online at www.USBank.com or follow U.S. Bank on social media to stay up to date with company news.
About Quadriga Partners
Quadriga Partners is a middle-market investment bank that works exclusively with companies in the healthcare industry. Headquartered in Denver, Quadriga provides mergers and acquisitions, capital raising, and strategic advisory services. For additional information on Quadriga, please visit www.QuadrigaPartners.com.
SOURCE Quadriga Partners