PE-Backed Tricity Pain Adds Two Acquisitions in Texas

PE-Backed Tricity Pain Adds Two Acquisitions in Texas

by | Jul 17, 2019 12:32 pm | Physician Medical Groups, Rehabilitation

Tricity Pain Associates is on the move in Texas. It’s announced two acquisitions in the first half of July, and management is looking for more. Tricity offers pain management services for spinal stenosis, herniated disc, neck pain and lower back pain. It was acquired by Spindletop Capital Management in May 2018, along with another pain management practice, Interventional Pain Management.  That acquisition was the first in a series by Spindletop to develop a premier national provider of pain management services, under the brand name Spindletop Pain Management Holdings. The companies (collectively TPA) provide integrated pain management care, ambulatory surgery centers and ancillary... Read More »
Yet Another Physician Specialty Platform Is Created

Yet Another Physician Specialty Platform Is Created

by | May 24, 2018 9:49 am | Physician Medical Groups, Private Equity

Physician practices are hot tickets this year, as private investors scramble to put capital to work anywhere they can. Through May 2018, 82 acquisitions have been made public in the Physician Medical Group sector, close to half of all such deals reported in 2017 (166 transactions). Anything that ends in “ology” is getting money thrown at it, some sources tell us. Dermatology practices are in the lead so far, with 18 announced transactions (22%). Ophthalmology and radiology practices are tied for second place, with seven deals each (9%). Primary care is third, with six deals announced (7%). Then there’s pain management practices, with five transactions announced in 2018... Read More »