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Strategic Advisor·PPM Roll-Ups

Dr. Tim Corvino

Chief Executive Officer at Orthopedic Care Partners

New Canaan, Connecticut, USA

DT
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Why they matter

Three-time CEO of PE-backed orthopedic platforms (ONS, Spire, now Orthopedic Care Partners) with direct scar tissue on rollup integration, physician recruitment, and recap/refinancing execution.

Background

Timothy Corvino, M.D., MBA is a physician-executive who has spent 15+ years building and running private-equity-backed physician services platforms, following a clinical career as a board-certified emergency medicine doctor and licensed pharmacist. He has held the CEO seat at three orthopedic/physician-services platforms in a row (ONS, Spire Orthopedic Partners, and now Orthopedic Care Partners), making him one of the most repeat-tested operating executives in the orthopedic practice-management rollup space.

Notable deals

  • 2024
    Named CEO of Orthopedic Care Partners (VHP-backed); concurrently OCP secured $185M in hybrid capital from Brookfield Asset Management's Special Investments program and completed a $358M senior debt refinancing led by TPG Twin Brook
  • 2021
    Founding CEO of Kohlberg & Company-backed Spire Orthopedic Partners, formed from ONS and Orthopedic Associates of Middletown; led its first new-practice partnership (Orthopaedic Associates of Manhasset) and grew the physician base fourfold before departing in late 2022
  • 2020
    Named CEO of Orthopaedic & Neurosurgery Specialists (ONS), a Kohlberg & Company growth-capital-backed orthopedic group that later became the platform for Spire's formation

Call-prep brief

Background

  • MD/MBA (SUNY Buffalo), Pharmacy BS (St. John's), EM residency (Ohio State); board-certified emergency medicine physician and licensed pharmacist before moving into PE-backed operating roles.
  • Career arc: COO, US Acute Care Solutions → COO, Covenant Physician Partners → founding CEO, ONS → founding CEO, Spire Orthopedic Partners (Kohlberg) → CEO, Orthopedic Care Partners (Varsity Healthcare Partners), appointed Dec. 2024.
  • Nashville Healthcare Council Fellow, class of 2019 — well networked in the Nashville healthcare-services PE ecosystem.

Current focus

  • Scaling OCP (five states, 136 physicians, 42 locations, six ASCs) post the Dec. 2024 $185M Brookfield hybrid-capital raise and $358M debt refinancing — signals a growth/de novo and tuck-in acquisition push under fresh capital.

What he cares about

  • Physician-led governance and clinical-quality metrics inside PE-owned platforms (repeated emphasis across bios on "physician base expansion" and patient satisfaction scores).
  • Operational scalability of the MSO model — he's now built/rebuilt this model three separate times.

Potential sensitivities

  • Left Spire roughly a year before its 2023 CEO transition (Chris Fusco) — worth probing tactfully on the circumstances and lessons learned rather than assuming a clean exit.
  • Currently under a live PE sponsor (Varsity Healthcare Partners) and fresh Brookfield capital partnership — likely constrained on what he can say about OCP's growth pipeline or exit timeline.

Questions to ask

  1. What did the Spire integration get right (and wrong) that you're deliberately doing differently at OCP?
  2. How is the new Brookfield hybrid capital being deployed — de novo growth, tuck-in acquisitions, or ASC buildout?
  3. What's your read on physician-employment vs. friendly-PC structures as regulatory scrutiny on PE-owned medical groups increases?

Outreach draft

Subject
Orthopedic rollup playbook — quick call?
Dr. Corvino, I've followed your run building physician-services platforms — ONS, Spire, and now Orthopedic Care Partners' latest capital raise with Brookfield. Our team is doing diligence on the orthopedic practice-management space and would value your perspective on what actually separates durable MSO integration from rollups that stall out. Would you have 20-30 minutes in the next couple of weeks for a call? Happy to work around your schedule, and glad to keep it high-level and off the record. Best, [Placeholder Name]

Linked companies

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