Physician Support Organization Health Plus Management Announces South Island Orthopedics’ Acquisition of OSALI

—Expansions Across Cedarhurst, Brooklyn, Queens and Woodbury, Since Joining Health Plus Management’s Network in 2019—

UNIONDALE, N.Y.–(BUSINESS WIRE)–#HPM–Health Plus Management (HPM), a physician support organization (PSO) providing business management and operations services for independent physician practices specializing in musculoskeletal care, today announced its orthopedic platform, South Island Orthopedics (SIO), acquired the Orthopaedic & Sports Associates of Long Island (OSALI) multi-disciplinary orthopedic practice, which will soon begin operating under the South Island Orthopedics name. Since joining HPM in 2019, South Island Orthopedics has introduced additional musculoskeletal specialties to its practice and extended its geographic footprint across Cedarhurst, Long Island, to Brooklyn, Queens and now to Woodbury, New York.

“OSALI has a well-established and respected history in Long Island, with experienced physicians known for their quality care and clinical excellence, and we are excited to welcome this exceptional team and look forward to working with OSALI Partners, John Joseph Leppard III, M.D., and Lee Kupersmith, M.D. Not only does this acquisition expand South Island Orthopedics’ footprint to the North Shore of Long Island, we also expand our service offering to now include MRI, physical therapy, interventional pain management and PRP/regenerative medicine capabilities,” said Eric Freeman, M.D., Managing Partner, South Island Orthopedics. “Since joining the Health Plus Management network last year, SIO has executed on a plan of long-term strategic growth and continues to assess opportunities to acquire established orthopedic practices across New York and New Jersey.

HPM is one of the only physician practice management services offering a broad range of administrative and operational support specifically geared toward top orthopedic, physical medicine and rehabilitation and physical therapy practices. HPM’s practice management offering enables physicians a customized approach to grow their practices by focusing on clinical care while benefiting from HPM’s operational, financial, technological and marketing expertise.

“Our relationship with South Island Orthopedics has been exciting from the beginning as we have leveraged our practice-building expertise to expand SIO’s services and enable its evolution into a multi-location platform,” said Stuart Blumberg, Health Plus Management, Chief Executive Officer. “Whether acting as a navigational ally throughout this transaction by providing financial and marketing support to position the practice as an attractive purchaser, or handling the day-to-day administrative operations, our goal has been to provide seamless operations support, enabling physicians to focus on caring for patients.”

The Health Plus Management practice management service organization for physicians was acquired by Investcorp, a leading global provider and manager of alternative investment products, in January 2019. Based in Long Island, Health Plus was founded in 1994 by its current CEO, Stuart Blumberg.

About Health Plus

Health Plus is a Physician Support Organization and market leader in clinical practice management in the orthopedics and physical medicine and rehabilitation market. Health Plus provides independent physician practices with business development, marketing and back-office support typically seen in much larger organizations, enabling its clients to start up and/or grow their private practice beyond what might otherwise be feasible while maximizing clinical service and patient care. Services include revenue cycle management, marketing, data, purchasing, HR/benefits, compliance, staffing/recruiting support, facility design and development, finance/bookkeeping and payer contracting/credentialing. For more information, visit http://www.healthplusmgmt.com.

Contacts

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