CHICAGO and CLEVELAND,
June 24, 2016 /PRNewswire/
-- 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.
About Brown Gibbons Lang & Company
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, Environmental
& Industrial Services, Healthcare & Life Sciences,
Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in
Chicago, Cleveland, Irvine, and San
Antonio, 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.
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SOURCE Brown Gibbons Lang & Company