Boathouse Invests in OrthoFi
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Boathouse Invests in OrthoFi

ortho fi nf1OrthoFi, a provider of services to orthodontists to help them acquire, finance, and manage new patients, has received a growth investment from Boathouse Capital. The investment from Boathouse will be used to finance the company’s continued expansion and to develop new products and services.

OrthoFi’s services are used by orthodontists to increase patient starts, reduce costs, and increase overall patient satisfaction and loyalty.  Services include insurance eligibility checks, claim submissions, billing, and collections. OrthoFi also assists patients in setting customized payment plans based upon their financial situation and budget.  The company is led by its CEO Dave Ternan and is based in Denver (www.OrthoFi.com).

andy yang nf1“OrthoFi is an exceptional organic growth story where the company has been entirely funded by orthodontists and its extremely loyal customer base,” said Andy Jang, a Vice President at Boathouse. “We look forward to supporting OrthoFi’s growth initiatives as it continues to bring new solutions and technologies to market.”

boathouse nf1Boathouse Capital invests mezzanine debt and equity in lower middle market companies in partnership with management teams and private equity funds. Boathouse will consider investments from $5 million to $25 million in either mezzanine debt or equity capital in companies with EBITDAs of $1.5 million or greater.  The firm manages over $350 million in two separate funds and is based near Philadelphia in Wayne, PA (www.boathousecapital.com).

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-4-16

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