Chicago, IL – March 15, 2018 – Brown Gibbons Lang & Company (“BGL”) is pleased to announce the recapitalization of Gulf Coast Pain Institute (“GCPI”), and its various affiliated entities, by NexPhase Capital, LP (“NexPhase”). BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to GCPI in the transaction. The specific terms of the transaction were not disclosed.
The transaction builds upon BGL’s market leadership position in advising physician practices and related ancillary services. GCPI represents the third transaction for BGL’s Healthcare & Life Sciences investment banking practice in the pain management specialty in less than two years.
Founded in 2013, Gulf Coast Pain Institute is the leading interventional pain management practice in northwest Florida. Gulf Coast Pain Institute provides a comprehensive suite of pain management and ancillary services including interventional and non-interventional procedures, physical therapy, chiropractic services, laboratory testing, durable medical equipment distribution, and pharmacy services. Gulf Coast Pain Institute’s provider staff includes seven pain management physicians, two chiropractic physicians, two physical therapists, three physician assistants, and five advanced registered nurse practitioners throughout its 11 locations.
The partnership with GCPI represents the launch of a national interventional pain management platform named Clearway Pain Solutions Institute. Clearway is executing on a strategy to create a leading national interventional pain management platform through a series of acquisitions and organic growth initiatives.
NexPhase Capital is a sector-focused independent private equity firm that makes equity investments between $25 million and $75 million in lower middle market growth-oriented companies in the consumer, healthcare, industrial services and software sectors. The firm was formed by the former principals of Moelis Capital Partners (MCP) to execute, on an independent basis, the same sector-focused strategy of completing control investments in lower middle market companies to create value through dedicated operating resources, new sales channels and effective partnerships. Led by Co-Managing Partners Kurt Larsen and Ted Yun, NexPhase advises $1.2B of private equity capital, and maintains a strategic sub-advising relationship with Moelis Asset Management.
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.