Praesentia Healthcare and the BioSpine Institute have entered into a definitive agreement, pursuant to which Praesentia has acquired a controlling interest in BioSpine in partnership with the founding shareholders of BioSpine, Dr. James Ronzo and Dr. Frank Bono, who will retain a significant minority interest in BioSpine.

Praesentia, through one of its operating banners Pain Care Clinics, has delivered comprehensive pain management services to over 200,000 patients across 11 locations in Canada. BioSpine is a leader in performing minimally invasive spine surgeries for the U.S. market, providing services for over 20 years and over 85,000 patients operated on.

BDO Canada Transaction Advisory Services Inc. acted as exclusive buy-side advisors to Praesentia, providing M&A, financial due diligence, and tax advisory services. Greenberg Traurig, LLP acted as legal counsel to Praesentia.

Three Sixty Seven Advisors acted as exclusive sell-side advisors to BioSpine. Hall, Render, Killian, Heath & Lyman, P.C. acted as legal counsel to BioSpine.