ST. LOUIS–(BUSINESS WIRE)–Compass Group Equity Partners, a St. Louis-based private equity firm, today announced a strategic partnership with Mays & Schnapp Neurospine and Pain (“Mays & Schnapp”), an interventional pain management firm. Memphis-based pain serving patients from Tennessee and Mississippi.
“We chose to partner with the Compass team because we share a common vision in building on our foundations and philosophy as a leader in interventional pain management and establishing a platform to improve patient quality of life to everyone we can,” said Eric Schnapp, CEO of Mays & Schnapp. “Compass has demonstrated success in helping grow medical practices, and we look forward to the journey ahead. »
“We are thrilled with this partnership with Dr. Moacir Schnapp, Eric Schnapp and the rest of the team,” said John Hubert, vice president of Compass Group. “Mays & Schnapp has an exceptional reputation for providing innovative, high-quality patient care, and we look forward to further accelerating their growth and building a leading platform in the Central South region to cater for the growing population of sufferers. of chronic pain. ”
The investment builds on Compass Group’s previous experience in building an integrated network of specialist physician practice platforms, providing physicians with an attractive partnership by reducing administrative burden, improving leverage purchasing suppliers and providing capital to invest in new ancillary equipment and services. The platform is looking for physicians and complementary practices in interventional pain management who are committed to providing the best patient care.
Mays & Schnapp was founded over 35 years ago on the philosophy that the best treatment comes from a multidisciplinary approach to relieve pain, restore function and improve quality of life. Today, the practice offers a full range of innovative interventional pain management services while focusing on minimally invasive techniques.
“We are excited to work immediately with Mays & Schnapp management to strengthen their leadership team, provide acquisition support, invest in ancillary services and bring their patient-centric approach to a broader population,” said said Maureen Horgan, senior partner. at Compass Group.
About Compass Group Equity Partners
Compass Group Equity Partners, founded in 2015, is a St. Louis-based private equity firm with a track record of success in partnering and building lower middle market companies. By leveraging the company’s operational, financial and strategic expertise, Compass Group provides practical support and resources to help management teams exceed historical performance and accelerate growth. Compass Group is currently deploying capital for new investments in its recently closed and oversubscribed platform Fund II.
About Mays & Schnapp Neurospine and Pain
Mays & Schnapp was founded in 1985 by anesthesiologist Dr. Kit S. Mays and neurologist Dr. Moacir Schnapp, both pioneers in the field of pain, to introduce multimodal pain treatment as a medical specialty in Memphis, Tennessee. Mays & Schnapp was first recognized in 1989 and today continues to be certified by the Commission on Accreditation of Rehabilitation Facilities (CARF) – the only CARF-certified interdisciplinary outpatient pain rehabilitation program in the State of Tennessee and throughout the region. The Mays & Schnapp team provides advanced, individualized care to help patients manage their pain, restore function and improve their quality of life, which may include any combination of nerve blocks, radiofrequency ablation, spinal cord stimulation, physiotherapy, medication management and other therapies.