Cresset Partners, Cedar Pine and American Discovery Capital Recapitalize American Pain Consortium

Accord Asset Partners and Paras Capital Partners Recapitalize WestStar Physical Therapy Network

September 15, 2025

Healthcare Services

Accord Asset Partners, together with Paras Capital Partners, completed a recapitalization of WestStar Physical Therapy Network, a Southern California-based provider specializing in workers' compensation and auto-injury rehabilitation. The recapitalization provides capital and strategic support to scale WestStar's managed clinic network across California and expand into additional states.

Petra Capital Partners and Canopy Capital Partners Complete Growth Recapitalization of American Vascular Associates

April 26, 2023

Healthcare Services

American Vascular Associates (AVA), a Palm Harbor, Florida-based network of outpatient vascular and endovascular centers, completed a growth recapitalization with Petra Capital Partners and Canopy Capital Partners. The investment will support AVA's accelerated growth, expansion of outpatient labs and ambulatory surgery centers, and additional physician partnerships while existing management remains shareholders.

Triton Pacific Partners with Integrated Pain Associates

January 10, 2023

Healthcare Services

Triton Pacific Capital Partners has announced a partnership with Integrated Pain Associates (IPA), a Central Texas minimally invasive spine and pain platform operating clinics and ambulatory surgery centers. Florac and Star Mountain Capital participated in the investment alongside Triton Pacific; terms were not disclosed. The investment will support IPA’s hub-and-spoke expansion playbook to grow clinics and ASCs into new, underserved markets.

Iron Path Capital Recapitalizes Capitol Pain Institute

June 23, 2022

Healthcare Services

Iron Path Capital has recapitalized an affiliate of Capitol Pain Institute (CPI), a physician-led interventional pain management provider that was previously a portfolio company of New State Capital Partners. The recapitalization will support CPI as a platform to expand nationally—affiliating with independent pain practices and building de novo clinics and ambulatory surgical centers across the West and Midwest; terms were not disclosed.

Pine Tree Equity Recapitalizes iCare Health Solutions

January 1, 2020

Healthcare Services

Pine Tree Equity IV, LP recapitalized iCare Health Solutions (and affiliated entities) in January 2020, partnering with the company's founder and management team. The recapitalization is intended to accelerate iCare's geographic expansion across Florida and support complementary add-on acquisitions to grow its managed vision benefits and provider network business.

Cortec Group Recapitalizes Aspen Medical Products

June 10, 2019

Medical Devices

New York-based private equity firm Cortec Group, via its affiliate Cortec Fund VI, recapitalized Irvine-headquartered Aspen Medical Products on June 10, 2019. The transaction provides Aspen with capital and financing to support product expansion, international growth, infrastructure development and potential acquisitions; terms were not disclosed.