Capitol Pain Institute (CPI) has acquired Pain Care Surgery of Louisville, an ambulatory surgical center (ASC) in Louisville, Kentucky. This acquisition will allow CPI to offer more advanced procedures, including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation and posterior SI joint fusion.
CPI utilizes a range of interventional treatments and medication optimization. It is owned by Iron Path Capital, a Nashville, Tennessee-based private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors. Capitol Pain currently operates in six states: Colorado, Indiana, Kentucky, Minnesota, Ohio and Texas. With this acquisition, CPI now has an ASC in each of its core markets.
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 expertise in surgical treatment options with facilities to match those capabilities.
“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.”
According to data captured in the LevinPro HC database, this acquisition represents the tenth ASC transaction of 2024. This is a slight increase over last year, when there were eight ASC deals announced between January 1, 2023, and April 30, 2023.
