INSIGHT

premier-pain_2Premier Pain Centers (Premier) and Specialty Anesthesia Associates (SAA) have been acquired by National Spine & Pain Centers (NSPC). Premier provides interventional pain management services to seven locations throughout New Jersey, while SAA provides anesthesia services to seven New Jersey ambulatory surgery centers. Provident Healthcare Partners served as exclusive financial advisor to Premier and SAA. The terms of the transaction were not disclosed.

“We are thrilled to be joining such a fantastic group of physicians and healthcare leaders at National Spine & Pain Centers. Leveraging our collective strengths, I believe we can improve patient care and significantly advance pain care in this country,” says Dr. Peter Staats, shareholder of Premier and SAA.

“The partnership of Premier and NSPC makes perfect sense both from both a clinical philosophy and a geographic fit as they expand their national footprint. I believe Premier will expedite their expansion by leveraging the infrastructure and additional ancillary lines of business NSPC currently has in place,” stated Michael Patton, Managing Director at Provident Healthcare Partners.

About Premier Pain Centers
Premier Pain Centers, established in 2000, ranks among the most comprehensive centers for the treatment of acute and chronic pain. Premier provides acute and chronic pain treatment from leading physicians trained at the finest residency and fellowship institutions. Premier Pain Centers has seven pain offices spanning three counties in central New Jersey and the northern Jersey Shore. The center specializes in obtaining dramatic results in pain management without the need for major surgery. Premier is also a leader in pain management research, conducting clinical trials and authoring text books. For more information, please visit http://www.spinalpainspecialists.com/.

About National Spine & Pain Centers
National Spine & Pain Centers (NSPC) is the nation’s leading network of pain management practices with over 70 pain physicians on staff, many of whom are award-winning for quality care and have extensively published over the course of decades. NSPC now has more than 55 locations in Connecticut, Maryland, New Jersey, New York, Virginia, Washington DC and West Virginia. Call or visit treatingpain.com to access a complete list of providers, centers, conditions served, and treatment solutions. Appointments are typically available in 24-48 hours based on individual preference. Most insurances are accepted including Tricare and Worker’s Compensation. For more information, please visit https://treatingpain.com.

About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for middle-market and emerging growth healthcare companies. The firm has a vast network of high-level, senior industry contacts, a thorough knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. Provident uncovers value and opportunities that others often overlook to create transaction premiums for its clients. For more information, visit the Provident website www.providenthp.com.

Contact:
Provident Healthcare Partners
Gina Casiello, Senior Analyst
877-742-9800

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  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”