Former North American Partners in Anesthesia CEO Dr. Tim Down takes helm of Pain Specialists of America

Pain Specialists of America made a series of leadership changes after acquiring Pain Specialists of Austin's and Central Texas Pain Center's nonclinical assets.

Here are five notes:

1. The two practices offer comprehensive pain management services to central and north Texas patients.

2. Through the deal, PSA aims to strengthen its position as a comprehensive pain management services provider. The investments are the first of a series of such deals.

3. Pain Specialists of Austin and Central Texas Pain Center physicians are now PSA equity holders.

4. The transaction resulted in PSA making several leadership changes including naming:
•    Tim Dowd, MD, CEO of PSA. Dr. Dowd was previously the CEO of North American Partners in Anesthesia.
•    John Adessa, COO of PSA. Mr. Adessa was a senior executive at Pinnacle Consultants Management Services.
•    Dan Cross as CFO of PSA. Mr. Cross has 20-years plus experience in healthcare, systems, financial reporting and business planning.
•    Vivek Mahendru, MD, Chief Business Development Officer of PSA. Dr. Mahendru founded Pain Specialists of Austin.

5. PSA, a management services organization, operates 21 clinics and two ASCs.

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