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PartnerCare announces affiliation with MidSouth Pain Treatment Center, its second closed transaction in Q3 2021

Press releases may be edited for formatting or style | September 14, 2021 Business Affairs
TAMPA, Fla., Sept 14, 2021 -- PartnerCare, a portfolio company of private equity firm Shore Capital Partners, announced its affiliation with MidSouth Pain Treatment Center (MidSouth Pain). Dr. Michael E. Steuer founded MidSouth Pain in 2000 in Southaven, Mississippi. MidSouth Pain operates five clinics and three ambulatory surgery centers in Western Tennessee and Northern Mississippi, with two board-certified physicians, 13 mid-level providers, and over 100 highly trained supporting team members. MidSouth Pain serves over 3,000 patients per month across its broad footprint, helping them deal with chronic pain and have better lives.

"At MidSouth Pain Treatment Center, we work together to keep our patient's pain under control," said Dr. Steuer, Founder of MidSouth Pain. "We help patients in several ways; primarily low back pain, neck pain, and headache pain, as well as cancer pain and rare neurological diseases that cause pain. We focus on treating the root cause of the issue and not simply prescribing medications. I appreciate that this patient outcome is shared by PartnerCare. The entire MidSouth Pain team is very excited to be partnering with an organization that will accelerate our growth trajectory of high-quality patient care across Tennessee and Mississippi."

Jack Lowey, PartnerCare's Vice President of Business of Development, said, "I am thrilled about the second addition to our growing family of affiliates at PartnerCare. PartnerCare is fortunate to welcome Dr. Steuer and the over one hundred stellar providers and staff at MidSouth Pain to our team. The flagship group at MidSouth Pain will become a tremendous catalyst for organic and inorganic growth in the greater Memphis area."

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PartnerCare will continue to expand across the region and marketplace by investing in people and providing operational, financial, and information technology (IT) support to affiliated practices while establishing a solid corporate culture that will allow physicians to focus on clinical excellence and serving patients in their communities. PartnerCare will pursue affiliations with independent interventional pain management and musculoskeletal practices to build a premier network of healthcare team members and affiliates.

About PartnerCare
PartnerCare is a leading provider of interventional pain management and musculoskeletal services headquartered in Tampa, Florida. PartnerCare blends rehabilitation medicine, orthopedics, pain specialists, and therapeutic services under one roof to provide a full suite of services to each patient. For more information, please visit www.partnercare.com.

About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is focused on microcap investments within the Healthcare, Food and Beverage, Business Services, and Real Estate industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value for shareholders. Shore Capital targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic growth and growth through industry consolidation. Shore has $2 billion of equity capital under management through various investment vehicles.

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