Alpine Capital, as servicer and sole agent, closed a senior debt financing facility for Capitol Pain Institute, a pain treatment practice, and the affiliated Center for Specialty Surgery of Austin, an ambulatory surgery center.
Proceeds from the financing, along with an affiliate of New State Capital Partner’s equity investment, will support growth initiatives.
“We appreciate Alpine Capital’s ongoing support and confidence in our long-term vision. The new facility provides the liquidity and financial flexibility to invest in the continued growth of the business with the goal of adding to CPI’s quality medical team and ability to serve a growing patient population,” said Dr. Matt Schocket, founder and CEO.
“Capitol Pain has established itself as a top provider of pain management services within the Greater Austin area. This type of financing is just one of the ways that we strive to add value for clients at various stages. We look forward to the continued partnership with both Capitol Pain and New State Capital Partners as they look to capitalize on the continued expansion of the practice and surgery center,” said Alan Regdos, CEO for Alpine Capital.
Capitol Pain Institute was founded in 2007 in Austin, TX to provide safe and effective treatment modalities tailored to the specific needs of each patient.
New State Capital Partners is an entrepreneurial-minded private equity firm that strives to be more nimble, more decisive and more cooperative than larger, institutional firms.
Charlotte, NC-based Alpine Capital is a specialty lender dedicated to providing secured debt financing to middle-market companies, particularly those that operate within the healthcare industry.