Indianapolis pain practice looks to expand Midwest presence with private equity investment

Indianapolis-based American Pain Consortium Holding closed a large round of private equity funding and is looking to expand its Midwest presence as a result.

Here's what you should know:

1. APCH is a new entity formed by Indianapolis-based Center for Pain Management's three Indiana offices. The entity seeks to provide a variety of pain management services to pain management practices and ASCs across the Midwest.

2. Private equity firm American Discovery Capital invested an undisclosed amount into the entity. J.P. Morgan is providing approximately $21 million in financing.

3. APCH is expanding and renovating its flagship practice in Indianapolis.

4. Edward Kowlowitz, MD, founded the Center for Pain Management in 1992. He will serve as president and CEO of APCH.

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