Capitol Pain Institute Acquires Pain Care Surgery of Louisville
April 30 2024 - 8:02AM
Business Wire
This acquisition expands CPI’s provision of
advanced, minimally-invasive surgical procedures to treat
interventional pain in Kentucky
Iron Path Capital, a private equity firm focused on building
differentiated businesses in the healthcare and specialty
industrials sectors, is pleased to announce that Capitol Pain
Institute (CPI) has acquired the ambulatory surgical center (ASC)
Pain Care Surgery of Louisville. This strategic move allows CPI to
offer more advanced procedures, including spinal cord and
peripheral nerve stimulation, interspinous stabilization and
fixation, and posterior SI joint fusion. The acquisition is the
latest in CPI’s efforts to provide patients in Kentucky with
comprehensive, personalized, and state-of-the-art care.
Kentucky imposes strict regulations on ASCs as a certificate of
need state. This acquisition differentiates CPI as a pain practice
in the Kentucky market that has particular expertise in surgical
treatment options with facilities to match those capabilities. The
Louisville ASC is strategically located near CPI’s clinic locations
in Elizabethtown and South Louisville on Dixie Highway. It further
expands CPI’s footprint into East Louisville with a new clinic in
St Matthews on New Dutchmans Parkway adjacent to the ASC. We
believe that convenient access to advanced procedures will support
patient outcomes and improve the overall patient experience. In
addition, CPI is excited to invest in the interventional pain
management community in Kentucky. CPI welcomes non-affiliated
physicians and practices that don’t have access to an ASC to use
this facility, which will be set up for and cater specifically to
interventional pain management.
“We believe that every patient deserves access to the most
advanced pain treatments and compassionate, holistic care,” said
CPI founder and president Matt Schocket, M.D. “We are
well-positioned to fulfill this commitment and make a positive
impact on the lives of those living with chronic pain in the
Louisville area by ensuring patients can receive the highest
standard of care.”
Chronic pain can be difficult to manage. As more patients turn
to advanced treatments, the industry is seeing a steady rise in the
number of procedures being carried out at ASCs where the cost can
be significantly lower than in a hospital. CPI develops a
customized, multi-disciplinary approach for patients and offers a
comprehensive range of services across the interventional pain
management continuum, from basic procedures such as injections and
radiofrequency ablation, to minimally invasive procedures such as
the Vertiflex Superion procedure, the implantation of spinal cord
stimulator devices, and the implantation of intrathecal pain pumps.
These treatment options can minimize the use of medication and
provide safe, effective, and lasting relief.
“This acquisition represents another milestone in CPI’s growth
strategy, reinforcing its position as a leading interventional pain
management platform,” said Iron Path Capital co-founder Rob
Reistetter. “We continue to look for the right partners as we
expand into new markets, offering valuable resources and
collaborating with the top medical professionals to deliver the
highest quality care to patients.”
CPI now has clinics and ASCs across six states including Texas,
Ohio, Kentucky, Minnesota, Indiana, and Colorado. With this
acquisition, CPI now has an ASC in each of its core markets.
Learn more at CapitolPain.com and
IronPathCapital.com.
About Capitol Pain
Institute
Capitol Pain Institute (CPI) is a leading interventional pain
management platform with clinics and ambulatory surgical centers
across the United States. CPI offers a customized and
multi-disciplinary approach to chronic pain treatment, with
particular focus on advanced procedures such as spinal cord
stimulator implants. CPI partners with physicians and practices
that share a common goal of providing high quality, compassionate
care at a reasonable cost. The company is also committed to
enhancing the communities in which they serve and investing in the
advancement of the field of pain management through innovation and
evidence-based medicine. CPI was founded by Dr. Matthew Schocket in
Austin, Texas in 2007. For more information, visit
CapitolPain.com.
About Iron Path Capital
Founded in 2021 by seasoned investors and operating executives
Rob Reistetter and Scott Mraz, Iron Path Capital is a private
equity firm that specializes in building great businesses in the
healthcare and specialty industrials sectors. With offices in
Nashville, TN, and Charlottesville, VA, Iron Path Capital supports
management teams with strategic leadership, operational expertise
and flexible capital to achieve visionary growth plans through
defined, defensible execution. For more information, visit
ironpathcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240430361980/en/
Iron Path Capital Contact:
Rob Reistetter, Managing Partner Media@ironpathcapital.com