June 17, 2008
BridgePoint Medical, LLC Acquires ABC Accredited Orthotic and Prosthetic Healthcare Facilities in North Carolina
LEXINGTON, Ky., June 17 /PRNewswire/ -- BridgePoint Medical, LLC, an independently owned prosthetic and orthotic company, today announced it has acquired Asheville Orthotic Prosthetic Center, Inc. (AOPC) and retained Greg Straub, CPO and Steve Hagler, CO, ABC, credentialed prosthetist and orthotists, respectively, as owner-operators. Other owners, Andrew Adkisson and Emily Wilder, will also remain with the company. Mr. Adkisson will be responsible for the company's central fabrication operations and Ms. Wilder assumes management responsibilities of AOPC's North Carolina facilities. The acquired entity will retain its name and locations in Asheville, Hendersonville and Charlotte, North Carolina and will continue to offer the same outstanding patient care without interruption. The company's Charlotte facility operates under the name of Charlotte Orthotic Prosthetic Center (COPC). The acquisition further demonstrates BridgePoint Medical's commitment and ability to execute its strategy of aggressively growing its business in the Southeast.
"Our partnership with AOPC and COPC continues BridgePoint Medical's model of reducing the practitioner's administrative burdens by allowing them to go back to what they do best, serving patients with the best possible care. Further, this partnership also expands our infrastructure with the addition of central fabrication and multi-site management expertise," commented BridgePoint Medical President Clint McKinley. "Both Greg and Steve have built a long and distinguished career in prosthetic and orthotic care; coupled with Andrew's fabrication expertise and Emily's management skills this makes AOPC and COPC an ideal partner for us. BridgePoint Medical is developing a broadening network of companies and relationships in the North Carolina market and we see a great opportunity to leverage the company's market presence with our relationships and contacts."
"BridgePoint Medical sees and understands the future of prosthetics and orthotics and I am very excited about our partnership and equally excited about the opportunities BridgePoint Medical will provide to other practitioners in the field of prosthetics and orthotics," stated Straub. "BridgePoint Medical handles the growing administrative burden for the practitioner, provides cash for the owner's equity in their practice and assists in developing a growth model for the practice. I am now free to concentrate on patient care and growing my practice, knowing that BridgePoint Medical will provide the support and financial resources required."
About BridgePoint Medical
BridgePoint Medical, an independently owned prosthetic and orthotic company based in Lexington, Kentucky, was formed in 2004 and operates prosthetic and orthotic healthcare facilities in Kentucky and North Carolina. BridgePoint Medical partners with prosthetic and orthotic practices providing administrative support and marketing programs that dramatically reduce non-patient-related functions for the facility, while growing top line revenues through operational improvement. For more information see their web site at http://www.bp-medical.com/ .
About Asheville Orthotic and Prosthetic Care, Inc.
AOPC operates three facilities, Asheville, Hendersonville and Charlotte, NC. AOPC has been serving its patients since 1995. For more information see their web site at http://www.ashevilleorthotics.com/
Contact: Jim Clifton [email protected] 859.260.8576
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BridgePoint Medical, LLC
CONTACT: Jim Clifton of BridgePoint Medical, LLC, +1-859-260-8576,[email protected]
Web site: http://www.bp-medical.com/http://www.ashevilleorthotics.com/