Sentinel Invests In National Spine & Pain Centers


Transaction Continues Focus on Healthcare Services Industry


NEW YORK, September 27, 2011 – Sentinel Capital Partners, a private equity firm that invests in promising, lower middle market companies, today announced that it has invested in a recapitalization of National Spine & Pain Centers, a leading provider of management services to physicians specializing in interventional pain management procedures focused on relieving back and neck pain. Terms of the transaction were not disclosed.

Headquartered in Rockville, Maryland, National Spine & Pain Centers offers a comprehensive approach to the treatment of pain through the use of advanced, minimally invasive, interventional procedures. Such treatment provides both immediate and long-lasting pain relief and enables patients and payors to avoid more costly and invasive surgical procedures. National Spine & Pain Centers provides administrative and management services to physicians who are dedicated to providing high quality patient care in outpatient ambulatory surgical center settings. Affiliated physicians are fellowship-trained and board-certified/board-eligible pain specialists and many are nationally recognized leaders in pain management.

“Interventional pain management is an exciting and fast growing healthcare specialty,” said Paul Murphy, a partner at Sentinel. “We believe National Spine & Pain Centers is a premiere group operating in this attractive market. We are pleased to have partnered with the company’s founders, management team, and affiliated physicians to continue building and growing the business.”

National Spine & Pain Centers was co-founded in 1998 by three physicians — Drs. Bobby Dey, Marc Loev, and Les Zuckerman — who invested in the transaction alongside Sentinel and will continue to lead the business.

“We had numerous options in choosing a financial partner for our next stage of development,” said Dr. Marc Loev, co-founder and chief executive officer of National Spine & Pain Centers. “We chose Sentinel because of its commitment to our vision and understanding of our business, as well as a proven record investing in and growing healthcare service companies.”

“Sentinel understood our deep commitment to our patients, our staff, and to delivering outstanding quality of care,” added Dr. Les Zuckerman, National Spine & Pain Centers co-founder and chief medical officer. “Sentinel’s professionals understand that successful healthcare businesses require dedication to these elements. We are excited about our new partnership.”

Co-founder and chief development officer Dr. Bobby Dey added, “The new partnership with Sentinel will also us allow us to accelerate our growth through new site openings and select acquisitions. We have already committed to new sites and have begun seeking high-quality interventional pain groups in our region and beyond.”