Terms of the transaction were not disclosed.
The company intends to use the proceeds to expand its reach across the U.S. and build its support businesses, which include lead generation, lab services and natural pain relief supplements.
Founded by Drs. Tory McJunkin and Paul Lynch in 2007 and led by Joe Carlon, Chief Executive Officer, Pain Doctor provides a full suite of tailored services and treatment plans to help correctly diagnose a patient’s source of pain and treat their condition in a comprehensive and integrated fashion. Treatments to alleviate pain include: multi-disciplinary clinical evaluations, bracing & orthotics, diagnostic testing such as MRI & EMG, stem cell therapy, minimally invasive injections, behavioral therapy, acupuncture, etc.
The company operates ten pain clinics and five surgical centers in Phoenix, Las Vegas and Denver and also manages ancillary businesses Boost Medical, Sentinel Labs and Holistic Pain.