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Transaction Advisory

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SPCSA AnnouncementBOSTON, MA – Spine & Pain Center of San Antonio (SPCSA) has been acquired by Pain Doctor, a portfolio company of Catterton Partners. Spine & Pain Center of San Antonio is an interventional pain management (IPM) physician group practice dedicated to improving its patients’ quality of life by directly treating pain and improving spine movement and functions. Provident Healthcare Partners served as exclusive financial advisor to SPCSA. The terms of the transaction were not disclosed.

“SPCSA has established a dominant presence within the greater San Antonio area. Through this partnership with Pain Doctor and Catterton, SPCSA is well-positioned for further growth in this market and the surrounding area. SPCSA will serve as a beachhead in Texas for Pain Doctor and Catterton, which they will leverage as a platform to further expand throughout the state,” commented Steve Aguiar, Director at Provident Healthcare Partners.

About Spine & Pain Center of San Antonio
SPCSA currently provides a comprehensive spectrum of treatment options, including clinical evaluation visits and minimally invasive injection treatments, which are supplemented by a range of complementary ancillary services. These ancillary services include durable medical equipment (such as back braces, knee braces, wrist splints, etc.), a highly complex lab for urine drug analysis, and multiple community (Class A) pharmacies with compounding services. For more information, please visit

About Pain Doctors
Pain Doctor is a leading pain management company that provides standardized care and high quality service for patients in pain. Pain Doctor offers a full suite of services and treatment plans that are tailored to each patient, and include multi-disciplinary medical evaluations, orthotics, MRI, steroid injections, behavioral therapy, acupuncture and more. Pain Doctor operates pain clinics and surgical centers and is headquartered in Scottsdale, Arizona. It also manages ancillary businesses Boost Medical, Sentinel Labs and Holistic Pain. For more information, please visit

About Catterton Partners
Since 1989, Catterton has made over 100 investments in leading consumer brands across all segments of the consumer industry. With over $4.0 billion of equity capital dedicated to growing middle market companies and emerging, high-growth enterprises, Catterton is the largest and most experienced consumer-focused private equity group in North America. For more information, please visit

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

Provident Healthcare Partners
Boston, MA
Gina Leone, Senior Analyst


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