Relievus has merged with Clearway Pain Solutions, a portfolio company of NexPhase Capital.
Relievus adds 44 providers and 21 locations to Clearway’s capacity and expands to New Jersey.
Relievus’ chief operating officer, Ronald Saltiel, commented, “Working with Provident Healthcare as our investment banker was the best decision we made. Not only did they find us the right partner, but they worked both tirelessly and seamlessly to make this transaction possible. Clearway Pain was the perfect fit for our practice, and we believe together we will be the leading pain management practice in the United States.”
Provident Healthcare Partners, an investment banking firm, has advised Relievus. Fox Rothschild LLP served as legal counsel for Relievus, and McDermott Will & Emery LLP served as legal counsel for Clearway. Provident’s deal team was led by Eric Major, a managing director at the firm.