#USA #New York #Provident #OrthoNY #Zenyth

Provident Healthcare Partners Advises OrthoNY on Partnership Formation

Overview
On August 13, 2025, Provident Healthcare Partners announced its advisory role in the recapitalization of OrthoNY, a prominent orthopedic care provider in New York’s Capital Region, collaborating with Zenyth Partners to establish Evolve Orthopedic Partners.

With a staff of 43 physicians and a total of 84 healthcare providers, OrthoNY is dedicated to delivering exceptional musculoskeletal care to patients across eight clinics and three ambulatory surgery centers. This new partnership intends to enhance OrthoNY's offerings and improve patient access to necessary services.

Significance of the Partnership
The partnership between OrthoNY and Zenyth Partners aims to leverage their combined expertise and resources to form a regional musculoskeletal platform. Zenyth's focus on developing healthcare organizations complements OrthoNY’s goals, as expressed by Eric Major, Managing Director at Provident. He emphasized that Zenyth Partners’ dedication to the musculoskeletal sector makes it an ideal partner for OrthoNY.

David Fitzgerald, the CEO of OrthoNY, praised Provident’s support throughout the negotiation process. He commented, “From day one, they understood our goals and kept us concentrated on the bigger picture.” He highlighted Provident’s commitment, which included timely communications and strategic insights, as pivotal to navigating the complex partnership.

Dr. Lee Kaback, Vice President of OrthoNY, echoed this sentiment, noting how Provident recognized OrthoNY’s uniqueness and helped secure its distinctive attributes as they move forward in their journey with Evolve.

Expert Legal Guidance
The legal dimensions of the partnership were addressed by reputable firms. McGuireWoods LLP represented OrthoNY, while Alston & Bird LLP assisted Zenyth in navigating the legal landscape of the merger, ensuring a smooth transition into the partnership.

About OrthoNY
OrthoNY specializes in comprehensive musculoskeletal care, offering both surgical and non-surgical options. The organization has built a strong reputation in providing exceptional service spanning joint replacement, sports medicine, spine care, and pain management. The practice continues to be a first choice for orthopedic services in the region, with a commitment to clinical excellence and compassionate patient care. Visit their website at orthoNY.com for more information.

About Zenyth Partners
Zenyth Partners is an investment firm focusing on building leading healthcare companies. The firm collaborates with entrepreneurs and healthcare professionals, driving the establishment of innovative organizations that support patients and healthcare providers alike. For further insights, visit zenythpartners.com.

About Provident Healthcare Partners
Provident is a leading healthcare investment banking firm that specializes in merger and acquisition advisory, strategic planning, and capital formation for healthcare entities. With extensive knowledge across various healthcare sectors, including orthopedics, Provident offers unmatched insights into the merger process, continually working with private equity firms and strategic consolidators. For more details, check out providenthp.com or connect with them on LinkedIn.