Chicago, July 10, 2023 – DxTx Pain and Spine (DxTx), a leading provider of spine and pain diagnosis and treatment services, is thrilled to announce that it has successfully secured a debt and minority equity commitment of over $50 million from BC Partners Credit (‘BCP Credit’), a prominent international investment firm. This significant funding milestone marks a pivotal moment for DxTx as it aims to advance its mission and expand its operations across the country.
The partnership with BCP Credit signifies a crucial step forward for DxTx, as it welcomes a high-quality institutional capital partner into its fold. The investment structure will enable DxTx to continue its collaborative efforts with esteemed pain practices and ambulatory surgery centers (ASCs) that prioritize compliance and deliver exceptional patient care.
DxTx is actively seeking partnerships with like-minded groups that share its commitment to maintaining a focus on patient well-being, respect for physicians, and a high level of physician control and ownership. By preserving autonomy and promoting physician ownership, DxTx distinguishes itself as an ideal partner for physicians in the field of pain and spine treatment.
John V. Prunskis, Chief Medical Officer at DxTx Pain and Spine, emphasized the impact of this partnership on advancing pain and spine treatment standards, remarking, “As a White House Presidential Appointee, I was asked to co-author the Department of Health and Human Services national guidelines for the diagnosis and treatment of painful conditions. At DxTx we recognized, however, that a gap remained between the HHS best practices guidelines and most pain and spine practices across the country. With DxTx, we collaborate with and elevate top tier pain and spine physicians who are diagnosing and treating painful conditions the right way, while simultaneously assisting them in maximizing their own, as well as their patients’, satisfaction and outcomes, helping their practices transition from good to great.”
Owen V Prunskis, Managing Partner at DxTx Pain and Spine, expressed his gratitude for the accomplishments that led to this momentous occasion, stating, “This is a testament to the quality of the physician partners that we have been able to work with, the dynamic corporate team that we have built around the mission of being the ideal partner to physicians, and the hundreds of practice leaders and staff that make our practices and surgery centers run effectively and efficiently. Our model of maintaining high physician ownership and preserving autonomy is critical to what makes us different.”
ENDS
Media Contact
DxTx Pain & Spine
Quinn Dolan, Marketing Manager
T: +1 (847) 469-4120
BC Partners
Simren Priestley, Head of Communications
E: simren.priestley@bcpartners.com
T: +44 (0)20 7009 4722
Notes to Editors
About DxTx:
DxTx is a majority physician and family-owned business that operates surgery centers and practices dedicated to the precise diagnosis and treatment of spine and pain conditions. With approximately 60 locations spanning nine states, DxTx adheres to a unique model characterized by high physician ownership, physician respect, and a steadfast commitment to compliant patient care. In addition to offering growth capital and strategic planning, DxTx provides comprehensive services in compliance, HR, finance, operations, and revenue cycle management. For more information, please visit https://dxtxpas.com/.
About BC Partners Credit:
BC Partners Credit was launched in February 2017 as a dedicated strategy under BC Partners and has pursued a strategy focused on identifying attractive credit opportunities in any market environment. The platform leverages the broader Firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies, often in more complex and less competitive market segments.
BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for over three decades in developing the European buy-out market. Today BC Partners integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Consumer. Since its foundation, BC Partners has completed over 127 private equity investments in companies with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buyout fund.
For further information, visit https://www.bcpartners.com/
