SC&H Capital, a leading investment banking firm, is pleased to announce that its client, State of Franklin Healthcare Associates (“SOFHA” or the “Company”), a physician-led, employee-owned multi-specialty medical group based in the Southeast U.S., has divested its interventional pain management center (the “Center”) to Spine and Pain Associates (“SPA”).
The Center is a leading provider of interventional pain management, offering non-surgical, minimally invasive solutions for chronic pain delivered by an experienced physician team.
In 2024, external reimbursement changes and internal cost pressures weighed on the Company’s financial performance. As part of a set of strategic initiatives to strengthen its position, the Company elected to divest the Center.
SC&H Capital was retained as exclusive investment banker to advise on and execute the divestiture. Through a comprehensive, competitive process, SC&H ultimately negotiated a transaction with SPA, a dedicated interventional pain platform, delivering continuity of patient care and an experienced physician team into an attractive market.
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