Bridger Orthopedics & Sports Medicine Profit Sharing Plan

Bridger Orthopedics & Sports Medicine Profit Sharing Plan

The Bridger Orthopedics & Sports Medicine, P.C. Profit Sharing Plan is the retirement vehicle for the physicians and staff of a Bozeman-based orthopedic practice. The firm, founded by Dr. John Campbell, operates multiple clinics in Gallatin County, including campuses on Ellis Street and Laramie Drive, as well as a Belgrade location. Its partners include board-certified surgeons and maintain clinical affiliations with Bozeman Health, the region's dominant hospital system. The plan is a private-sector, defined-contribution pension, not a family office — its scale and investment activity are tied directly to the practice's profitability and participant headcount. The plan's asset pool, estimated at $33M, is allocated across three primary channels: direct commercial real estate tied to the practice's own clinic facilities, participant loans to plan members, and assets held within an insurance company general account. The real estate exposure is concentrated in the Bozeman metropolitan area, a rapidly growing market in southwestern Montana. The insurance general account typically provides a stable-value or fixed-income return profile, a conservative counterweight to the plan's physically held property. The plan does not appear to invest in publicly traded securities, venture capital, or external private equity funds. The plan's governance is not separately institutionalized; it operates as an extension of the medical practice's administration. Key figures, including Dr. Campbell and advisor William A. Sanger — Chairman of Synergy Health Partners, a national surgery-center and anesthesia management firm — suggest a tight-knit decision-making group. The plan's philanthropic linkage runs through the Bozeman Health Foundation, reflecting the practice's community integration. The principals' membership in the American Academy of Anti-Aging Medicine and the Montana Medical Association underscores a professional, rather than investment-industry, orientation. This plan is structurally a captive retirement pool for a single professional practice, not a multi-employer or public fund. Its investment strategy is predominantly self-directed and physically proximate — the plan owns the buildings its participants work in and lends directly to them. This creates a closed-loop capital model where plan assets support both the participants' retirement security and the practice's operational footprint, a structure common among medical groups but rarely visible to outside allocators.