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Cobepa closes investment in Precision Orthopedics

Cobepa SA completed a growth equity investment in Precision Orthopedics.

The Laurel, Md.-based company is an independent provider of clinical and surgical orthopedic treatment and ancillary patient care services across Maryland.

It plans to use the new funding to strengthen its existing operations and execute its expansion plans within the state and other geographies.

Cobepa North America Managing Director Peter Connolly and Peter Batesko joined Precision's board.

Cobepa is a private equity firm based in Brussels and New York. Its North American unit mainly targets healthcare and business services investments.

Choate Hall & Stewart and Sheppard Mullin Richter & Hampton LLP offered legal advice to Cobepa, while Duff & Phelps Securities LLC and DLA Piper provided advice to Precision.