State of Pain Management Private Equity | Healthcare Private Equity | PGP

State of Pain Management Private Equity

Even with Private Equity investment in Interventional Pain Management (“IPM”) accelerating in recent years, it remains one of the most fragmented areas within subspecialty medicine. Despite the decade long consolidation wave, the majority of physicians in the IPM sector practice in groups with less than 5 providers. Consolidation is largely being driving by the market inefficiencies created by fragmentation.

Private equity groups are looking to leverage size and scale by creating provider density, bringing ancillary services in house, centralizing infrastructure and operations, and streamlining payor negotiations. Broader industry dynamics, including an increase in the aging population and chronic conditions, have created a favorable environment for private equity groups to transact.

PGP expects to see a continued rise in consolidation within the space as more physicians see the value a private equity partner can bring to their practice.

Select Recent Private Equity Transactions in the Pain Management Space

DateTargetPlatformPE SponsorState
June 2021Summit Spine & Joint CenterSummit Spine & Joint CenterMSouth Equity PartnersGeorgia
April 2021Austin Premier Surgery CenterTricity Pain AssociatesSpindletop Capital ManagementTexas
March 2021Jackson Anesthesia Pain CenterU.S. Orthopaedic PartnersFFL PartnersMississippi
February 2021Prospira Pain CareNational Spine & Pain CenterAvista Capital PartnersTexas
December 2020Perimeter Pain and Primary PainHealthcare Resources ManagementSkylight Health Group Inc.Tennessee
August 2020Hill Country Pain SpecialistsTricity Pain Associates Spindletop Capital ManagementTexas
November 2019Advanced Consultants in Pain CareTricity Pain AssociatesSpindletop Capital ManagementTexas
September 2019VIP Surgical CenterTricity Pain AssociatesSpindletop Capital ManagementTexas
May 2019Barnes Physical TherapyTricity Pain AssociatesSpindletop Capital ManagementTexas
May 2019Vertical HealthRemedy Health MediaTopspin PartnersNew York
May 2018Interventional Pain ManagementInterventional Pain Management    Spindletop Capital ManagementTexas
May 2018Tricity Pain AssociatesTricity Pain AssociatesSpindletop Capital ManagementTexas
February 2018Gulf Coast Pain InstituteGulf Coast Pain InstituteNexPhaseFlorida
September 2017Pain Specialists of AustinPain Specialists of AustinCommonview CapitalTexas

Physician Growth Partners

Physician Growth Partners is a firm that recognizes and prioritizes the importance of clinically focused outcomes, first and foremost. The groups that allow us to advise them will attest to the fact that we always emphasize partnership over economics. When the highest level of care is delivered, financial success will always follow.

Discuss Pain Management Market Activity With Our Team: