Capitol Pain Institute, an interventional pain management company with clinics and ambulatory surgical centers across the U.S. and a portfolio company of Iron Path Capital, has purchased Balcones Pain Consultants and Water Leaf Surgery Center.

Led by Matthew McCarty, Balcones Pain Consultants has locations in Austin, Cedar Park and Marble Falls, Texas. The 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.

“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,” says McCarty. “We are excited to collaborate with CPI in expanding chronic pain treatment throughout the state.”