Shore Capital Partners Announces Founding of Southern Sports Medicine Partners

Strategic Partnership with Jaffe Sports Medicine Includes Four Locations in West Florida

Shore Capital Partners (“Shore”), a private equity firm, is pleased to announce it has founded Southern Sports Medicine Partners (“SSMP”), through the completion of a strategic partnership with Jaffe Sports Medicine (“JSM”). SSMP provides interventional pain management practices with administrative support, so physicians can focus on delivering the highest quality of patient care.

JSM, led by founder Dr. Peter Jaffe, provides patient-centric care at four locations in the Naples, FL area. Mike Cooper, a founding partner of Shore, commented, “We are thrilled to partner with Dr. Jaffe. He is one of the most respected and well-known physicians in West Florida. Having built a world-class practice, Dr. Jaffe shares our vision to deliver clinical excellence at greater scale.”

Dr. Jaffe said, “I partnered with Shore for their track record of transformational growth in healthcare and a shared belief in what it will take to be the leading interventional pain management platform in the Southeast. As healthcare continues to become more retail and consumer-oriented, the time is ideal to embrace growth, patient experience, and best in class programs and options for physicians in all stages of their careers. Southern Sports Medicine Partners is off to a great start and I have high aspirations for what we can achieve.”

SSMP will grow its platform across the region by investing in people and processes to support the operations, finance, accounting, marketing, human resources, and IT functions at affiliated practices, thereby allowing physicians to focus on clinical excellence and serving their communities. SSMP will pursue affiliations with independent interventional pain management practices to build a network of top clinicians in a physician-led culture.

“We are building a leader of scale in pain management and sports medicine, starting with Dr. Jaffe and his team,” said Mr. Cooper. “We are well-positioned to support the continued transition to consumer-directed healthcare, while maintaining the physician’s role and clinical expertise as the most critical aspect of treatment. Additionally, Shore has helped to bring together an exceptional board of directors consisting of industry thought leaders and physicians alike to guide our strategy and growth plan.”

SSMP represents the third platform investment out of Shore Capital Partners Fund III, L.P., a $293 million investment vehicle raised in April 2019.

To learn more about Jaffe Sports Medicine, please visit www.jaffesportsmedicine.com.

About Shore Capital

Shore Capital Partners is a Chicago-based private equity firm focused on microcap Healthcare and Food and Beverage investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has $1.1 billion of equity capital under management through various investment vehicles. For more information on Shore, please visit www.shorecp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201102005029/en/

Contacts

Adam Werder
Shore Capital
(312) 348-7580
https://www.linkedin.com/company/shore-capital-partners/

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L.A. County reports 1,590 coronavirus cases, 4 deaths amid rise in Southern California infections

Los Angeles County public health officials on Sunday reported 1,590 new cases of the coronavirus and four related deaths.



a person sitting on a bed: A masked voter works on his ballot at Azusa Women's Club. (Irfan Khan / Los Angeles Times)


© Provided by The LA Times
A masked voter works on his ballot at Azusa Women’s Club. (Irfan Khan / Los Angeles Times)

The numbers brought the county’s total to 309,197 cases and 7,074 deaths.

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There were 799 confirmed coronavirus patients in county hospitals on Friday, with 28% in intensive care, officials said. Though hospitalizations have increased slightly, they remain far below the 2,220-plus patients seen during the peak of the outbreak in July.

Still, many Southern California communities are reporting increases in the number of cases recorded each day, a concerning trend that has some officials worried that transmission of the virus could be on the rise.

In order to determine when a county can move to the next phase of reopening under California’s four-tier plan, the state monitors how many cases have been reported per 100,000 residents over a recent seven-day period. In larger counties, the rate is adjusted to account for how much testing is being done.

L.A. County’s adjusted case rate increased last week to eight per 100,000 residents, from 7.6 the week before.

In Orange County, which reported 233 new coronavirus cases and one death Sunday, the case rate ticked up to 5.1 from 4.6 the week before. Riverside County reported its most recent adjusted case rate at 10.1, up from 9.1 the week before. And San Bernardino County reported an adjusted case rate of 11.9, up from 10.9.

L.A., Riverside and San Bernardino counties all remain in the purple tier, the most restrictive, meaning risk of transmission remains widespread, and most nonessential businesses are closed for indoor operations. To move into the next tier, red, a county must have an adjusted rate of no more than seven cases per 100,000 residents.

Orange County is classified within the red tier. In order to move into the less-restrictive orange tier, which means that the risk of transmission is considered moderate and some indoor business operations can resume with modifications, the county must reduce its adjusted case rate to four cases per 100,000 residents.

It’s not clear what is driving the increase in cases in Southern California. Some officials have blamed parties as likely contributors, particularly gatherings celebrating the recent Lakers and Dodgers wins.

The trend is also playing out elsewhere across the United States, which on Thursday broke the single-day record for the highest number of coronavirus cases, then did so again Friday.

This story originally appeared in Los Angeles Times.

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