LOUISVILLE and NASHVILLE — Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, announces that Nashville-headquartered 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.
CPI believes 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, multidisciplinary 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.
