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Founder / Operator·PPM Roll-Ups

Tim Corvino, MD

Chief Executive Officer at Orthopedic Care Partners

Gainesville, FL

TC
Why they matter

He's run the CEO chair at three consecutive PE-backed orthopedic/physician-services platforms, giving him direct scar tissue on rollup integration, MSO economics, and recap timing.

Background

Tim Corvino, MD, MBA is an emergency medicine physician and pharmacist by training who has spent the last 15 years running private-equity-backed physician services platforms. He became CEO of Orthopedic Care Partners (OCP), a Varsity Healthcare Partners-backed orthopedic MSO, in December 2024, after previously serving as CEO of Spire Orthopedic Partners and COO of Covenant Physician Partners and U.S. Acute Care Solutions.

Notable deals

  • 2024
    Named CEO of Orthopedic Care Partners as the company secured a $185M strategic investment from Brookfield Asset Management's Special Investments program and completed a $358M senior debt refinancing led by TPG Twin Brook Capital Partners
  • 2021
    As CEO of Spire Orthopedic Partners, led the alliance with Connecticut Neck & Back Specialists, Spire's third practice partnership that year, expanding the network to 50 physicians across 10 locations in Connecticut and New York
  • 2020
    Named CEO of Orthopaedic & Neurosurgery Specialists (ONS), a Fairfield/Westchester County multi-specialty orthopedic and neurosurgery practice with 26 fellowship-trained physicians

Call-prep brief

Background

  • MD/MBA (SUNY Buffalo), BS Pharmacy (St. John's), EM residency (Ohio State); practiced as an ER physician at Stamford Hospital before moving into management.
  • Career arc: COO at U.S. Acute Care Solutions → COO at Covenant Physician Partners → CEO at ONS (2020) → CEO at Spire Orthopedic Partners → CEO at Orthopedic Care Partners (Dec 2024).

Current focus

  • Runs OCP, a Gainesville, FL-based, Varsity Healthcare Partners-backed orthopedic MSO with 138+ physicians, 42 clinics and 6 ASCs across five states, fresh off a $185M Brookfield hybrid capital raise and a $358M debt refinancing (Dec 2024).
  • Priorities likely include integrating recent practice affiliations, hitting physician-retention targets (OCP claims >95%), and positioning for a future sponsor exit given VHP's typical hold period.

What he cares about

  • Physician alignment and retention through PE ownership transitions (a recurring theme across his Spire and Covenant tenures).
  • Scalable, replicable MSO operating models rather than one-off practice deals.
  • Clinical credibility with practicing physicians — he still frames himself as a clinician first, operator second.

Recent moves

  • Dec 2024: Jumped from Spire (a Kohlberg-backed platform) directly into the CEO seat at OCP, a competing orthopedic rollup — notable lateral move between sponsors in the same specialty.

Potential sensitivities

  • He is very new in the OCP seat (under a year in); may be cautious discussing forward strategy or pipeline before establishing his own track record there.
  • Non-compete/non-solicit obligations from Spire could constrain what he can say about that platform or its physicians.

Questions to ask

  1. What did the $185M Brookfield hybrid capital and $358M refinancing unlock that the prior capital structure didn't — is it funding new affiliations, de-levering, or both?
  2. How does OCP's physician-partner economics and retention approach differ from what you built at Spire and Covenant?
  3. Where do you see the next wave of orthopedic practice consolidation happening geographically, and how is OCP prioritizing among Mountain West, Southwest, Southeast and Utah divisions?

Outreach draft

Subject
Orthopedic rollup playbook — quick call?
Dr. Corvino, I'm reaching out from a private equity firm studying physician practice consolidation, particularly in orthopedics. Your run building Spire Orthopedic Partners into a multi-state platform, and now leading Orthopedic Care Partners through its recent Brookfield-backed recapitalization, is exactly the operating perspective we're trying to learn from. We'd value 30 minutes to hear how you think about physician alignment, integration pace, and capital structure as MSOs scale — no pitch, just a working conversation ahead of some diligence we're doing in the space. Happy to work around your schedule, including early mornings or evenings. Would you be open to a short call in the next couple of weeks? Best, [Placeholder Name]

Linked companies

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