Capitol Pain Institute acquires Balcones Pain Consultants and Water Leaf Surgery Center

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Matt Schocket, M.D, CPI founder and CEO
Matt Schocket, M.D, CPI founder and CEO

Iron Path Capital, a private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors, is pleased to announce that Capitol Pain Institute (CPI) has acquired Balcones Pain Consultants and Water Leaf Surgery Center. This partnership adds three clinics and one ambulatory surgical center (ASC) in the Austin metropolitan area to CPI’s national interventional pain management platform. CPI currently operates in six states: Colorado, Indiana, Kentucky, Minnesota, Ohio, and Texas.

The Austin metropolitan area was ranked as the fourth most desirable city for millennials in a 2021 study. Austin has grown 21% over the last decade and is now the 11th largest city in the United States. With over 20% of Americans suffering from chronic pain, the need for innovative and personalized treatment in the region is significant. At the same time, competition and inflationary pressures have driven private practices toward consolidation.

Capitol Pain Institute acquires Balcones Pain Consultants and Water Leaf Surgery Center.

“We are excited to partner with Balcones Pain Consultants to help more patients in Central Texas who are battling chronic pain,” said CPI founder and CEO Matt Schocket, M.D. “Our combined expertise and resources will enable us to deliver innovative and quality care to our community and expand in Texas more broadly.”

Matthew McCarty, M.D., Balcones Pain Consultants
Matthew McCarty, M.D., Balcones Pain Consultants

Led by Matthew McCarty, M.D., Balcones Pain Consultants has locations in Austin, Cedar Park, and Marble Falls. “Partnering with CPI allows us to continue providing the quality care that our patients expect from us, while also granting us the resources that will enable future growth,” said Dr. McCarty. “We are excited to collaborate with CPI in expanding chronic pain treatment throughout the state.”

CPI and Balcones Pain Consultants offer an array of advanced techniques to treat chronic pain, including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation, SI joint fusion, Intracept, and other procedures with the goal of minimizing pain, improving function, and enhancing overall quality of life.

Rob Reistetter, Iron Path Capital co-founder
Rob Reistetter, Iron Path Capital co-founder

“Our investment in Balcones Pain Consultants furthers our commitment to building a leading national platform,” said Iron Path Capital co-founder Rob Reistetter. “We look forward to positively impacting our partners, patients and communities.”

Scott Mraz, Iron Path Capital co-founder
Scott Mraz, Iron Path Capital co-founder

“We see great potential in the Austin market,” said Iron Path Capital co-founder Scott Mraz. “Together, we look forward to strengthening our regional presence and expanding access to chronic pain care across the Southwest.”

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