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Boathouse Capital Completes Investment in OrthoFi

March 09, 2016, 07:21 AM
Filed Under: Technology

Boathouse Capital announced the firm has completed an investment in OrthoFi Inc. ("OrthoFi" or the "Company"). 

OrthoFi, an innovative technology company that is changing the way orthodontists acquire, finance, and manage new patients, received a growth investment from Boathouse Capital. This latest round of funding will position OrthoFi to continue its rapid growth trajectory and accelerate the development of new products and services.
OrthoFi's proven solutions help orthodontists increase new patient starts, reduce costs, and increase overall patient satisfaction and loyalty. OrthoFi was designed by orthodontists to empower orthodontists to compete in today's changing market by optimizing the patient case acceptance through innovative patent-pending technology. OrthoFi takes on the myriad of pain points facing the orthodontist today, including insurance eligibility checks, claim submissions, billing and collections, and allows the orthodontists to focus on clinical care and service. High-quality treatments are made affordable and accessible to patients by empowering them to set an individually customized payment plan based upon their own individual financial situation and budget.
"Quality-first orthodontists are finding it harder and harder to compete in today's marketplace with low-cost generic providers, while also grappling with the disruptive forces of higher technology costs and rapidly shortening treatment times," said Dave Ternan, CEO and President of OrthoFi. "Our services give the specialists back their edge by helping them grow their business while allowing them to spend more time focusing on what is most important...caring for their patients." 
As part of the transaction, Andy Jang, Vice President at Boathouse Capital will be joining OrthoFi's Board of Directors. "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. "We look forward to supporting the company in a number of growth initiatives as it continues to bring new solutions and technologies to market."

OrthoFi is a breakthrough software and service solution designed to increase patient access to high-quality care by helping Orthodontist Practices to adopt more flexible financing.

Boathouse Capital is a Philadelphia-based private equity firm that manages $350 million in two separate funds. We invest $5 million to $25 million of mezzanine debt and equity into lower middle market businesses across the U.S that generate $1.5 million or more of EBITDA.

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