Here are five things to know:
1. National Spine & Pain Centers manages 69 interventional pain clinics across seven states in the Mid-Atlantic and Northeast regions of the country.
2. The company was founded in 1998 and provides administrative and support services to pain practices focused on musculoskeletal and spinal pain.
3. Moelis & Company and Houlihan Lokey were acting financial advisors. Kirkland & Ellis acted as legal counsel to NSPC while Ropes & Gray acted as legal counsel to Avista.
4. NSPC CEO Jim Robinson hopes the transaction will help his company expand its network of providers and physicians while serving more patients. “Our affiliated practices are committed to meeting the needs of a growing population living with chronic pain. Avista’s deep expertise and robust healthcare portfolio make them the ideal partner as we embark on the next stage of our evolution,” he said.
5. NSPC includes treatments such as epidural nerve blocks and facet joint injections.
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