Business
OrthoPediatrics Corp. Announces Expansion of Specialty Bracing Division
WARSAW, Ind., Jan. 10, 2025 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on
About this update from Orthopediatrics Corp.
[{"type":"text","content":"WARSAW, Ind., Jan. 10, 2025 (GLOBE NEWSWIRE) -- OrthoPediatrics Corp. (“OrthoPediatrics” or the “Company”) (Nasdaq: KIDS), a company focused exclusively on advancing the field of pediatric orthopedics, today announced the rapid expansion of its Specialty Bracing (OPSB) division with entrance into 3 target markets within Indiana, Colorado, and Florida. Each of these new locations broadens the Company’s position in targeted geographies to partner with pediatric orthopedic surgeons in the region to treat children with non-operative solutions. The OPSB division, launched in early 2024, has a multi-year strategy to increase access to care around the world by way of opening new (‘greenfield’) clinics and strategically acquiring clinics in target geographies. The new Indianapolis, Indiana based OPSB clinic is located near Riley Children’s Hospital satellite facility and close to Peyton Manning Children’s Hospital. This greenfield site is the first OPSB clinic in the state, exclusively focused on pediatric and adolescent patients. OrthoPediatrics’ CEO David Bailey commented “I’m especially proud of our newest clinic in Indy! As an Indiana-based company, being able to bring specialty care to KIDS in our Hoosier state represents not only a milestone for our business, but the power of partnership with other great organizations in our backyard.” OPSB already had a clinic presence in Columbus, OH but recently opened a new greenfield site within the Nationwide Children’s Hospital Livingston Ambulatory Orthopedic Center. This will provide parents and patients specialized O&P services within the same building where they met their physician. Moving west, OPSB recently acquired an O&P clinic group in Colorado. This acquisition will allow the OPSB to quickly add additional sites beyond the greater Denver area. In addition, OPSB recently acquired an existing clinic in Davie, Florida. The acquisition of this business will give OPSB a foundation for further greenfield expansion throughout the state of Florida. Led by skilled O&P clinicians, the Davie clinic will continue its focus on helping pediatric patients in the greater Miami region. Joe Hauser, OrthoPediatrics Specialty Bracing division President, commented, “We are excited to continue building on our strategy and increasing our presence through new clinics in Indiana, Ohio, Colorado and Florid...