Deloitte Corporate Finance LLC Advises Pain Specialists of Austin in Sale to CommonView Capital, LLC
CHARLOTTE, N.C., Dec. 7, 2017 — Deloitte Corporate Finance LLC (Deloitte) acted as exclusive financial advisor to Austin, Texas-based Pain Specialists of Austin (PSA), a leading pain management services company, in its sale to CommonView Capital, LLC (CommonView), a private equity firm that specializes in investments in the lower middle market. The acquisition closed in September 2017.
PSA is one of the leading pain management services platforms in the United States and has developed a reputation for providing high-quality customized pain management services and treatments. PSA specializes in helping individuals whose chronic pain has not responded to conventional treatments such as bed rest, medication, physical therapy and surgery.
“Deloitte did an outstanding job assisting our team in its broad review of capital and strategic alternatives for our business,” said Dr. Vivek Mahendru, founder, Pain Specialists of Austin. “We are very pleased with the outcome and appreciate the valuable advice, hard work, and determination Deloitte exhibited in helping us achieve our objectives.”
“We’ve seen an active past few months for health care provider sector transactions, and the PSA-CommonView deal won’t be the last,” said Simon Gisby, managing director, Deloitte Corporate Finance LLC. “PSA’s years of effort to become a leader in the pain management industry was a real asset for leadership when considering this deal. We look forward to seeing what CommonView can accomplish in the years to come with PSA.”
About Pain Specialists of Austin
Headquartered in Austin, Texas, and founded in 1995, PSA is one of the leading pain management services platforms in the United States. PSA has established a differentiated pain management business centered on providing high-quality, minimally invasive pain management services for individuals with chronic pain who have not responded to conventional treatment methods. PSA has developed a leading reputation among patients and healthcare providers for providing highly customized pain management services and treatments, many of which are not offered by local providers. The company prioritizes patient care by offering a welcoming, professional environment and a high level of patient/provider communication. The company’s providers are highly experienced in dealing with pain conditions and offer various services including initial diagnostic testing, injections, and non-invasive pain relief techniques. PSA offers an integrated approach to pain management, employing traditional and alternative methods to serve patients facing chronic pain and/or dependent on prescription medications or narcotics. These treatment techniques and methods differentiate PSA from traditional medical providers, such as general practitioners, specialists, and emergency room physicians. For further information please visit www.painspecialistsofaustin.com.
About CommonView Capital, LLC
CommonView Capital, LLC is a private investment firm focused exclusively on the lower-middle market. The firm seeks to invest in control buyouts, management buyouts, corporate carve-outs, public-to-private transactions, build-ups and recapitalizations. It seeks to invest in industrial services and manufacturing, healthcare services and medical devices, telecommunications and technology companies, specialty business services, route-based services and logistics management, value-added distribution, and food manufacturing and distribution. The firm makes control equity investments in North American companies with at least $15 million of sales and $2.5 million of cash flow. It may also evaluate smaller strategic add-on acquisitions for its portfolio companies. For larger transactions, it may partner with other family office investors. For further information please visit www.commonviewcapital.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
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