Summit Spine & Joint Centers Expands Footprint with Acquisition of Integrated Pain Solutions

Deal News | Nov 19, 2024 | Fulcrum Equity Partners Inc

Summit Spine & Joint Centers Expands Footprint with Acquisition of Integrated Pain Solutions

Summit Spine & Joint Centers, a prominent minimally invasive spine platform, announced its acquisition of Integrated Pain Solutions (IPS), a North Carolina-based pain management practice with 11 locations. This acquisition is the first for Summit Spine & Joint Centers under the management of Fulcrum Equity Partners. The deal extends Summit's operations footprint to 41 locations across three states: Georgia, Tennessee, and North Carolina. Summit is known for its unique model of partnerships with entrepreneurial physicians and affiliations with large hospital systems. The acquisition is seen as a significant step in fulfilling Summit's commitment to improve chronic pain care across the Southeastern United States. The leadership of Integrated Pain Solutions, including founders Dr. James Taylor and NP Jerri Patterson, have been crucial to this expansion.

Sectors

  • Healthcare
  • Private Equity

Geography

  • United States – The acquisition impacts the Southeastern United States, with clinic operations and expansions in North Carolina, Georgia, and Tennessee.
  • North Carolina – North Carolina is specifically highlighted due to the acquisition of Integrated Pain Solutions, which has 11 locations in the state.

Industry

  • Healthcare – The article focuses on entities engaged in the provision of healthcare services, particularly within the pain management and minimally invasive spine treatment sectors.
  • Private Equity – Fulcrum Equity Partners is involved in this transaction as a financial investor, highlighting the role of private equity in healthcare expansions.

Financials

    Participants

    NameRoleTypeDescription
    Summit Spine & Joint CentersAcquirerCompanyA minimally invasive spine platform specializing in treating chronic pain, involved in expanding its geographical footprint.
    Integrated Pain SolutionsTargetCompanyA pain management practice in North Carolina with 11 locations, acquired by Summit Spine & Joint Centers.
    Fulcrum Equity PartnersPrivate Equity FirmCompanyFinancial backer supporting the expansion strategy of Summit Spine & Joint Centers.
    Dr. Amit PatelSpokespersonPersonRepresentative from Summit Spine & Joint Centers discussing the acquisition and partnership impact.
    Dr. James TaylorFounder and PartnerPersonFounder of Integrated Pain Solutions, involved in leadership and collaboration post-acquisition.
    NP Jerri PattersonClinical LeaderPersonClinical Leader at Integrated Pain Solutions, playing a key role in the collaboration with Summit Spine & Joint Centers.