Pain Management Business Poised For Midwest Expansion

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Dr. Edward Kowlowitz will serve as president and chief executive officer of APCH. Dr. Edward Kowlowitz will serve as president and chief executive officer of APCH.

An Indianapolis-based group of pain management services provider has larger regional aspirations following a big round of financing and an investment from a private equity firm. American Pain Consortium Holding LLC is a new entity formed from its three-clinic predecessor, the Center for Pain Management, which has a presence in Indianapolis, Greenwood and Lafayette.

Financial terms of California-based ADC's investment are not being released. J.P. Morgan is providing the $21 million in financing.

APCH is looking to use its flagship Indianapolis practice as the model for potential acquisition and expansion throughout the Midwest. The company provides administrative and support services to clinics that offer treatments including nerve blocks and injections, spinal cord stimulators, intrathecal pain pumps, ketamine infusions, diagnostic imaging services, high complexity toxicology lab services, physical therapy, responsible pain medication management and psychological services.

Edward Kowlowitz, a board certified pain management physician, founded the Center for Pain Management in 1992. He will be president and chief executive officer of APCH, as well as serve on the board. "We are committed to continue to deliver world class patient care to individuals suffering from chronic pain," Kowlowitz said in a news release. "We are thrilled to partner with American Discovery Capital to bring our industry expertise and business model to serve patients in a number of new markets. Given the current milieu surrounding the 'opioid crisis' in our country, it is imperative that competent well trained physicians have the resources and support staff necessary to provide evidence based treatment protocols and safe, balanced compassionate care to the millions of patients suffering from chronic pain."

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