Orthopedic Financial Services Group

BACKGROUND

Orthopedic Financial Services Group (OFSG) is a financial services company that helps clients obtain necessary orthopedic healthcare by providing capital and access to its network of surgeons and surgery centers. OFSG was founded in 2012 by Aries Capital Partners and Dow Medical Group to take a niche business and provide the capital and expertise to grow and expand into new markets. Alan Macdonald was hired as the CEO, and the company has since opened offices in Las Vegas and Phoenix, with additional markets anticipated.  

CHALLENGE

The significant growth OFSG was facing was adding pressure to the management team who needed better information about the processes and controls and an accurate and reliable cash flow forecast, as they knew they would shortly be facing decisions about finding additional capital.

SOLUTION

Amplēo was hired as a part-time CFO and immediately helped OFSG hire and train a new accounting manager to fill some known gaps. Amplēo assisted the business to improve its cash forecasting, profitability analysis, and financial reporting, while significantly reducing the month-end close cycle. Shortly after, OFSG expanded into another new market, increasing the demand for operating capital. Amplēo initially helped them secure their first operating capital from a bank in the form of a promissory note and later secured an additional note from its equity partners.  

CONTINUED SUCCESS 

Amplēo successfully assisted the original owners in selling the remainder of their business to an additional equity partner and helped the business hire a full-time Compliance Officer and CFO.