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Sentinel sells National Spine & Pain Centers

Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has sold National Spine & Pain Centers (NSPC), a service provider to interventional pain management physicians.

Terms of the transaction have not been disclosed.
 
Acquired by Sentinel in 2011, NSPC provides administrative and support services to physicians who offer a comprehensive approach to the treatment of neck and back pain through the use of advanced, minimally invasive, interventional procedures. NSPC treatments provide both immediate and long-lasting pain relief and enable patients and payers to avoid more costly and invasive surgical procedures. Affiliated physicians are fellowship-trained and board-certified/board-eligible pain specialists. Many are nationally recognised leaders in pain management.
 
Under Sentinel’s ownership, NSPC achieved significant growth and has emerged as the national leader in serving interventional pain management physician groups. At the time of Sentinel’s original investment in 2011, NSPC served nine clinics, all located in Maryland. Today, five years later, NSPC has grown eightfold, and now serves 69 clinics in seven states, including Connecticut, Maryland, New Jersey, New York, North Carolina, Virginia, West Virginia, and the District of Columbia.  
 
“We are proud of all that we have accomplished during our partnership with Sentinel over these past several years,” says Jim Robinson, CEO of NSPC. “More than 100 million Americans seek care for chronic pain each year and NSPC is emerging as the leading minimally invasive pain management solution for patients seeking relief. We are excited about the tremendous growth opportunity ahead of us and plan to continue to expand our network of high-quality physicians and providers, which will enable us to serve more patients and provide a cost effective solution to the treatment of pain for the US healthcare system.”
 
“Our investment in National Spine & Pain Centers was a unique opportunity to partner with highly talented and dedicated physician entrepreneurs in building a leading, specialty healthcare provider,” said Paul Murphy, a Sentinel partner. “Chronic and debilitating pain affect more people in the United States than diabetes, heart disease and cancer combined. We believe that NSPC is well-positioned to continue the impressive growth trends that we’ve witnessed during our ownership.”

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