Synovation Medical Group expands Texas presence with plans to acquire more Texas pain practices, tinsleymedicalpracticebrokers.com reports
FOR IMMEDIATE RELEASE
AUSTIN, Texas, December 15, 2021 – Tinsley Medical Practice Brokers assisted Dr. Clayton Varga of Synovation Medical Group in taking his corporate vision for pain management to the next level in Texas. The two Texas pain practices acquired by Synovation Medical Group are located in Wichita Falls and Houston.
Synovation Medical Group is one of the largest private medical groups in the Southwestern region of the U.S. with more than 30 offices. In addition to our main locations that service daily patient needs, Synovation has 5 surgical centers, 2 labs, and multiple locations within other medical practices.
The need for effective pain management in America is growing. According to NCHS, the National Center for Health Statistics, data from a National Health Interview Survey in 2019 revealed that 20.4% of American adults suffer with chronic pain. For this study, chronic pain is considered pain that is prevalent most days or every day over the past three months. Chronic pain that frequently limits activities is one of the most common reasons adults seek medical care and is associated with decreased quality of life, poor mental health and opioid dependence. The U.S. population is aging. This creates greater demand for leading-edge pain management. The number of Americans ages 65 and older is expected to reach 80 million by 2040. The number of adults ages 85 and older is expected to nearly quadruple between by 2040.
Synovation Medical Group aims to restore function and richness to patients’ lives, giving them control over their pain and reducing their reliance on medications through collaborative, multidisciplinary pain management programs that are unavailable elsewhere. Synovation Medical Group strives to be a leader in pain management by starting with the premise that treatments must be innovative, ethical, and efficient.
Dr. Clayton Varga founded Synovation Medical Group in 1990 to share his vision to serve patients and community as the leaders in pain management offering leading integrated multidisciplinary patient care through a unified group of physicians and specialists in pain management. Dr. Varga said. “We see a lot of need for innovative and ethical pain management services in Texas. We are pleased with our partnership with Tinsley Medical Practice Brokers. We look forward to further growing our presence in Texas.”
Dr. Jaime Lim, physician owner of the pain practice in Wichita Falls, partnered with Tinsley Medical Practice Brokers in Austin, Texas to assist in preparing his Texas pain practice for sale and bring it successfully to market. “Sean is very responsive and extremely professional to deal with. He always answers my calls and explains in detail if I have any questions. Most important of all, he delivers,” shared Dr. Lim.
“Working with Dr. Lim was a pleasure. He played an important role in identifying a good fit that would take his pain practice to the next level. Tinsley Medical Practice Brokers was able successfully bring a number of individual physicians, multi-specialty groups, and private equity firms that were interested in his practice and we mutually felt that Synovation Medical Group was the right choice,” said Sean Tinsley, Managing Director, and Co-Founder of Tinsley Medical Practice Brokers.
Tinsley assists physicians and medical practice groups in making the most beneficial financial decisions based on the current and projected financial position of the medical practice and the desired goals of the physician owners and/or medical equity groups.
As detailed under the “What We Do” tab at the company’s website, Tinsley Medical Practice Brokers provides a full range of medical practice brokerage and medical practice management services that cover every financial and business management details related to owning, operating, investing, financing, managing, buying and selling a medical practice in Texas and nationwide.
Tinsley Medical Practice Brokers provides comprehensive financial and practice management solutions for the Texas medical practice industry including medical practice brokerage, medical practice appraisal, healthcare practice business development, medical practice performance consulting, Texas medical practice financing solutions and physician financial planning for sole practitioners, group medical practices and medical equity investor groups.
“Our years of experience and our extensive pre-transaction and post-transaction planning services is what sets us a part from other medical practice brokerage firms,” Tinsley explained. “Not only do we provide comprehensive Texas medical practice brokerage and medical practice valuation services, we also assist buyers with how to buy a Texas medical practice, how to sell a Texas medical practice, acquisitions, buy-ins, partnerships, mergers, medical practice transitions, physician income, practice revenue and medical practice overhead management strategies. We are also active buying, selling and transitioning medical practices across the United States.”
Key areas of focus when seeking to increase practice value include physician income, medical practice revenue and healthcare practice overhead. The seasoned team at Tinsley Medical Practice Brokers quickly helps to identify those areas in medical practice operations that can be improved.
Pre-transaction services provide a projected timeline and a comprehensive financial plan for acquisition, transition, expansion, merge, sale and/or retirement. Post-transaction services help create efficiency and set new service and delivery standards. Whether before a sale or after an acquisition, Tinsley Medical Practice Brokers’ unique medical practice consulting pre- and post-planning services utilize specific strategies to the specific medical practice specialty aimed at achieving goals quickly and efficiently.
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About Tinsley Medical Practice Brokers:
Tinsley Medical Practice Brokers helps physician owners and buyers maximize the value and performance of medical practices nationwide. Specializing in Texas medical practices and nationwide medical practices, Tinsley offers a full range of pre-transaction, post-transaction, and sale-oriented services including Texas medical practice brokerage, medical practice appraisal, medical practice valuation, medical practice performance consulting, Texas medical practice financing solutions, physician tax consulting, and physician financial planning.
Tinsley Medical Practice Brokers
9600 Escarpment Blvd, Ste 745-228
Austin, TX 78749-1982
Email: [email protected]