Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Riverside Pain Physicians (Riverside), and certain affiliates, to Surgery Partners (NasdaqGS: SGRY). BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to Riverside in the transaction. The specific terms of the transaction were not disclosed.
Founded in 2002 and headquartered in Jacksonville, Florida, Riverside is the largest interventional pain practice in Northeast Florida, with 9 pain physicians and 80 support clinicians. The integrated practice specializes in interventional and non-invasive pain management, complemented by a full suite of ancillary services including pharmacy, anesthesia, and laboratory services, as well as durable medical equipment sales. Riverside will become the foundation for Surgery Partner’s pain platform in the Southeast United States.
Based in Nashville, Tennessee, Surgery Partners is one of the largest and fastest-growing surgical services businesses in the country, with more than 140 locations across 29 states, including ambulatory surgery centers, surgical hospitals, a diagnostic laboratory, multi-specialty physician practices, and urgent care facilities. H.I.G. Capital is a majority shareholder in the company.