{"id":54014,"date":"2023-02-16T18:04:21","date_gmt":"2023-02-16T17:04:21","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/"},"modified":"2023-02-16T18:04:21","modified_gmt":"2023-02-16T17:04:21","slug":"capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/","title":{"rendered":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions"},"content":{"rendered":"
\n

\nThis partnership reinforces CPI\u2019s commitment to building the leading national interventional pain management platform<\/i>\n<\/p>\n

NASHVILLE, Tenn. & BLOOMINGTON, Ind.–(BUSINESS WIRE)–Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, is pleased to announce that Capitol Pain Institute (CPI) is expanding its quality patient care model through the acquisition of Wellspring Pain Solutions (Wellspring). This partnership is a step forward in CPI\u2019s mission to create a leading national interventional pain management platform. In combination with CPI\u2019s existing clinics and ambulatory surgical centers (ASCs) across Texas, Ohio and Kentucky, the acquisition of Wellspring in Indiana marks a strategic entry into a new state with a highly complementary clinic and ASC footprint.\n<\/p>\n

<\/a><\/p>\n

\nLed by Jeffrey Beck, M.D., Wellspring serves multiple markets across Indiana including Bloomington, Batesville, Columbus, Greenwood, and Terre Haute. “Finding the right partner and alignment was critical to me,\u201d said Dr. Beck. \u201cI am excited for the combined future of our companies and am confident to have chosen the best partner to support our expansion across the region.\u201d\n<\/p>\n

\n\u201cWe are thrilled to partner with Wellspring Pain Solutions in the central Indiana market,\u201d said CPI founder and president Matt Schocket, M.D. \u201cDr. Beck and I share the same goal of providing high-quality, compassionate care to patients. This partnership will allow us to expand our platform in the Midwest and ensure that patients in the region will continue to receive the care they have always relied on,” said Dr. Schocket.\n<\/p>\n

\nThe need for chronic pain solutions is enormous as the aging population continues to grow. Chronic pain can be debilitating, but interventional procedures and new technologies can give many patients back their mobility and quality of life.\n<\/p>\n

\nCPI and Wellspring offer a comprehensive range of services across the advanced interventional pain management continuum including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation, the intercept procedure to treat spinal degeneration, and posterior or lateral SI joint fusion. CPI also has an industry-leading compliance system to ensure patients are provided appropriate, personalized, and effective care.\n<\/p>\n

\n\u201cThe investment in Wellspring is an extension of the fundamental tenets of our investment in CPI,\u201d said Iron Path Capital co-founder Rob Reistetter. \u201cThis partnership reflects a mutual commitment to compliance and advancing healthier alternatives for an in-need population.\u201d\n<\/p>\n

\nThis partnership provides mutual benefits to both Wellspring and CPI, their patients and healthcare providers. The combined overall footprint includes clinics and ASCs where patients can receive high-quality care at a lower cost than a traditional hospital setting. Procedures at an ASC can often provide a savings of over 25 percent to both patients and payors. For Wellspring, partnering with CPI allows them to continue their physician-leadership model while enabling the benefits of the overall CPI platform including improved revenue cycle management capabilities, group purchasing agreements, and overall stability with scale. These resources are particularly beneficial for physician practices such as Wellspring as they grapple with the current inflationary environment.\n<\/p>\n

\n\u201cAs we continue to support CPI\u2019s growth into a sector-leading platform, it\u2019s important to find the right partners,\u201d said Reistetter. \u201cWe look forward to continuing to expand the footprint, providing beneficial resources, and working with top talent in the healthcare field to deliver quality care to patients.\u201d\n<\/p>\n

\nLearn more at CapitolPain.com<\/a> <\/b>and IronPathCapital.com<\/a>.<\/b>\n<\/p>\n

\nAbout Capitol Pain Institute<\/span><\/b>\n<\/p>\n

\nCapitol Pain Institute (CPI) is a leading interventional pain management platform with clinics and ambulatory surgical centers across the United States. CPI offers a customized and multi-disciplinary approach to chronic pain treatment, with particular focus on advanced procedures such as spinal cord stimulator implants. CPI partners with physicians and practices that share a common goal of providing high quality, compassionate care at a reasonable cost. The company is also committed to enhancing the communities in which they serve and investing in the advancement of the field of pain management through innovation and evidence-based medicine. CPI was founded by Dr. Matthew Schocket in Austin, Texas in 2007. For more information, visit CapitolPain.com<\/a>.\n<\/p>\n

\nAbout Iron Path Capital<\/span><\/b>\n<\/p>\n

\nIron Path Capital is an operationally focused private equity firm focused on lower-middle-market investments across the healthcare and specialty industrial sectors. With offices in Nashville, TN and Charlottesville, VA, Iron Path Capital supports its partners with capital, operating expertise, business development, and industry relationships to achieve significant scale. Iron Path Capital selects companies with stable cash flows, superior management teams, strong performance trajectories, and multiple vectors for growth, both organic and through consolidation. For more information, visit ironpathcapital.com<\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nRob Reistetter, Managing Partner
\n
robr@ironpathcapital.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

This partnership reinforces CPI\u2019s commitment to building the leading national interventional pain management platform NASHVILLE, Tenn. & BLOOMINGTON, Ind.–(BUSINESS WIRE)–Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, is pleased to announce that Capitol Pain Institute (CPI) is expanding its quality patient care model through … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-54014","6":"format-standard","7":"category-industry"},"yoast_head":"\nCapitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"This partnership reinforces CPI\u2019s commitment to building the leading national interventional pain management platform NASHVILLE, Tenn. & BLOOMINGTON, Ind.–(BUSINESS WIRE)–Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, is pleased to announce that Capitol Pain Institute (CPI) is expanding its quality patient care model through ... [Read more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Pharma Trend\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-16T17:04:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg\" \/>\n<meta name=\"author\" content=\"Business Wire\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Business Wire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/\"},\"author\":{\"name\":\"Business Wire\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#\\\/schema\\\/person\\\/02d41342c7a74fa7f0032bb35ef0bb24\"},\"headline\":\"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions\",\"datePublished\":\"2023-02-16T17:04:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/\"},\"wordCount\":773,\"publisher\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230216005151\\\/en\\\/1715130\\\/21\\\/CPI-Logo.jpg\",\"articleSection\":[\"Industry\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/\",\"url\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/\",\"name\":\"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230216005151\\\/en\\\/1715130\\\/21\\\/CPI-Logo.jpg\",\"datePublished\":\"2023-02-16T17:04:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230216005151\\\/en\\\/1715130\\\/21\\\/CPI-Logo.jpg\",\"contentUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20230216005151\\\/en\\\/1715130\\\/21\\\/CPI-Logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/\",\"name\":\"Pharma Trend\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#organization\",\"name\":\"Pharma Trend\",\"url\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Pharma Trend\"},\"image\":{\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pharma-trend.com\\\/en\\\/#\\\/schema\\\/person\\\/02d41342c7a74fa7f0032bb35ef0bb24\",\"name\":\"Business Wire\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/","og_locale":"en_US","og_type":"article","og_title":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend","og_description":"This partnership reinforces CPI\u2019s commitment to building the leading national interventional pain management platform NASHVILLE, Tenn. & BLOOMINGTON, Ind.–(BUSINESS WIRE)–Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, is pleased to announce that Capitol Pain Institute (CPI) is expanding its quality patient care model through ... [Read more...]","og_url":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/","og_site_name":"Pharma Trend","article_published_time":"2023-02-16T17:04:21+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg","type":"","width":"","height":""}],"author":"Business Wire","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Business Wire","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#article","isPartOf":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/"},"author":{"name":"Business Wire","@id":"https:\/\/pharma-trend.com\/en\/#\/schema\/person\/02d41342c7a74fa7f0032bb35ef0bb24"},"headline":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions","datePublished":"2023-02-16T17:04:21+00:00","mainEntityOfPage":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/"},"wordCount":773,"publisher":{"@id":"https:\/\/pharma-trend.com\/en\/#organization"},"image":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg","articleSection":["Industry"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/","url":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/","name":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions - Pharma Trend","isPartOf":{"@id":"https:\/\/pharma-trend.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#primaryimage"},"image":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg","datePublished":"2023-02-16T17:04:21+00:00","breadcrumb":{"@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#primaryimage","url":"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg","contentUrl":"https:\/\/mms.businesswire.com\/media\/20230216005151\/en\/1715130\/21\/CPI-Logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/pharma-trend.com\/en\/capitol-pain-institute-expands-its-midwest-footprint-with-acquisition-of-wellspring-pain-solutions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/pharma-trend.com\/en\/"},{"@type":"ListItem","position":2,"name":"Capitol Pain Institute Expands its Midwest Footprint With Acquisition of Wellspring Pain Solutions"}]},{"@type":"WebSite","@id":"https:\/\/pharma-trend.com\/en\/#website","url":"https:\/\/pharma-trend.com\/en\/","name":"Pharma Trend","description":"","publisher":{"@id":"https:\/\/pharma-trend.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pharma-trend.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/pharma-trend.com\/en\/#organization","name":"Pharma Trend","url":"https:\/\/pharma-trend.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pharma-trend.com\/en\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Pharma Trend"},"image":{"@id":"https:\/\/pharma-trend.com\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/pharma-trend.com\/en\/#\/schema\/person\/02d41342c7a74fa7f0032bb35ef0bb24","name":"Business Wire"}]}},"_links":{"self":[{"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/posts\/54014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/comments?post=54014"}],"version-history":[{"count":0,"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/posts\/54014\/revisions"}],"wp:attachment":[{"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/media?parent=54014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/categories?post=54014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pharma-trend.com\/en\/wp-json\/wp\/v2\/tags?post=54014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}