On May 16, Orthopedic Care Partners (OCP), a portfolio company of Los Angeles-based middle market private equity firm Varsity Healthcare Partners, announced that it acquired Newberry, Florida-based Advanced Pain Medical Center.
Established in 2014, Advanced Pain Medical Center is led by founder Brent Stewart, MD, MBA. The company’s team of specialists focuses on providing personalized, comprehensive care for patients suffering from a wide range of pain-related conditions.
OCP is a strategic partner and support organization for top-performing orthopedic practices currently comprising The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO), Tucson Orthopaedic Institute (AZ) and other leading affiliated practices.
The addition of Advanced Pain Medical Center expands OCP’s national platform to include more than 120 physicians. The financial terms of the acquisition were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 228th Physician Medical Groups (PMG) transaction of the year. This is a slight increase from January 1, 2022, through May 16, 2022, when 216 PMG transactions were reported.
