Two Connecticut-based orthopaedic providers are planning to combine operations through an asset purchase, according to a filing with the Office of Health Strategy.
Orthopaedic Specialty Group P.C. would transfer clinical assets to OrthoConnecticut PLLC in a deal the applicants say does not constitute a change of ownership requiring state approval.
Orthopaedic Specialty Group operates offices in Fairfield, Shelton, Milford and Monroe, and no changes to those locations or clinical services are planned, the filing states.
OrthoConnecticut maintains offices in Danbury, Darien, New Milford, Wilton, Ridgefield, Sharon, Southbury and Westport, reflecting a broad presence across western Connecticut.
Physicians affiliated with Orthopaedic Specialty Group would become members of OrthoConnecticut as part of the proposed deal. The application also states the physicians would not be employed by a hospital, medical foundation or insurer.
Imaging services, including MRI equipment referenced in the filing, would remain under physician ownership and control. Financial terms of the transaction were not disclosed.
The Office of Health Strategy must now determine whether the proposed asset purchase and practice combination are exempt from Connecticut’s Certificate of Need requirements, which regulate certain ownership changes and equipment acquisitions in the health care sector.
