Pain Doctor said Wednesday that it has received “significant” growth funding from Catterton Partners. Headquartered in Scottsdale, Arizona, Pain Doctor is a provider of pain management solutions.
SCOTTSDALE, Ariz., July 9, 2014 /PRNewswire/ — Pain Doctor, a leading pain management company providing standardized care and high-quality service, today announced a significant growth capital investment by Catterton Partners, the leading consumer-focused private equity firm. The investment will be used to expand Pain Doctor’s reach across the U.S. and build its support businesses, which include lead generation, lab services and natural pain relief supplements. Terms of the transaction were not disclosed.
Arizona-based Pain Doctor provides a full suite of tailored services and treatment plans to help correctly diagnose a patient’s source of pain and treat their condition in a comprehensive and integrated fashion. Treatments to alleviate pain include: multi-disciplinary clinical evaluations, bracing & orthotics, diagnostic testing such as MRI & EMG, stem cell therapy, minimally invasive injections, behavioral therapy, acupuncture and more. The interventional techniques practiced by Pain Doctor are non-invasive and significantly less expensive than most hospital procedures. Pain Doctor was founded by Drs. Tory McJunkin and Paul Lynch in 2007, and includes ten pain clinics and five surgical centers in Phoenix, Las Vegas and Denver. Pain Doctor’s surgery centers are joint venture partnerships with United Surgical Partners International (USPI), in which USPI provides its industry leading facility management and payer contracts and Pain Doctor brings valuable lead generation abilities and standard of care guidelines.
“At Pain Doctor, we are passionate about treating those who suffer from pain through life-changing, intelligent and comprehensive treatments,” said Drs. Tory McJunkin and Paul Lynch. “We empathize with patients on the burden of chronic pain on both them and their families. Today, more than 90 million Americans are suffering from the effects of chronic pain, with only a fraction seeking care from pain physicians, which represents a significant opportunity for our Company. We are proud of all the patients we have served to date, and look forward to expanding the number of patients whose lives we can improve with our non-invasive and cost efficient services and treatment plans.”
Joe Carlon, Chief Executive Officer of Pain Doctor, said, “We are thrilled to partner with Catterton given their expertise and proven track record in the broad consumer products and services markets. Combined with our passion for delivering world class patient care, we believe we can create the most influential pain management platform in the United States.”
Michael Farello, Senior Partner at Catterton, said, “Pain Doctor has a strong record of successful patient outcomes and we look forward to working with the Company to expand the geographic reach of its clinics and surgical centers and extend its lead generation and lab services to pain doctors practicing beyond the Company’s centers.”
Catterton’s other consumer healthcare investments include ClearChoice Holdings, LLC, a developer and manager of dental treatment centers that provide consumers with same-day dental implant care, PatientPoint, a leader and innovator of integrated patient and physician engagement solutions to help healthcare professionals improve health outcomes and patient satisfaction, PetVet Care Centers, an operator and consolidator of specialty veterinary hospitals and general practice veterinary clinics and Zarbee’s, a leading developer, marketer and distributor of safe, effective and natural OTC remedies.
About Pain Doctor
Pain Doctor is a leading pain management company that provides standardized care and high quality service for patients in pain. The Company offers a full suite of services and treatment plans that are tailored to each patient, and include multi-disciplinary medical evaluations, orthotics, MRI, steroid injections, behavioral therapy, acupuncture and more. Pain Doctor operates ten pain clinics and five surgical centers in Phoenix and Las Vegas and is headquartered in Scottsdale, Arizona. It also manages ancillary businesses Boost Medical, Sentinel Labs and Holistic Pain.
Inspired by a close family member’s personal battle with debilitating pain, the founders of Pain Doctor instill a sense of compassion that makes Pain Doctor idealistic about how we deliver care. “Every decision we make is guided by the simple question: ‘Is this the treatment we would want for our own Mom or Dad if they were in pain?'”
For more information, please visit http://paindoctor.com/.
About Catterton Partners
Catterton Partners is the leading consumer-focused private equity firm with more than $4.0 billion currently under management and a twenty-five year track record of success in building high growth companies. Since its founding in 1989, Catterton has leveraged its category insight, strategic and operating skills, and network of industry contacts to establish one of the strongest private equity investment track records in the middle market. Catterton Partners invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, Consumer Health, and Media and Marketing Services. Catterton’s investments include: ClearChoice Holdings, LLC, PatientPoint, PetVet Care Centers, Restoration Hardware, Outback Steakhouse, Sweet Leaf Tea, Noodles & Company, PIADA, Bruxie, Frederic Fekkai, Build-A-Bear Workshop, Wellness and Nature’s Variety pet food, Kettle Foods, Odwalla and P.F. Chang’s, to name a few. More information about Catterton Partners can be found at www.cpequity.com.