OrthoFi has acquired OrthoBanc

Lincoln supported OrthoFi on all aspects of the financing process and provided industry expertise and strategic guidance to position the key investment thesis for lenders. By crafting and managing a competitive lender process, Lincoln generated multiple attractive potential capital structure alternatives for the transaction.

Headquartered in Denver, Colorado, OrthoFi is a portfolio company of Accel-KKR, a leading technology-focused private equity firm. OrthoFi is an innovative software and technology-enabled service platform for the orthodontic specialty industry. OrthoFi’s platform combines cutting-edge customer relationship management (CRM) and robust revenue cycle management (RCM) technologies to enable orthodontic practices to start more patients, improve patient access and provide greater quality of care.

Dave Ternan, Chief Executive Officer of OrthoFi, commented, “OrthoFi’s mission has always been to help orthodontic practices Start More Smiles and to simplify their lives. We are thrilled to work with OrthoBanc, and to leverage their legacy of trusted payment solutions and industry-recognized customer service. I am excited and honored to lead this team of talented individuals. Our collective product offerings and our customer-centric cultures are an ideal fit and will undoubtedly enhance the experience of the customers we serve.”

Michael Siano, Managing Director at Lincoln, added “We enjoyed working with OrthoFi and AKKR on the acquisition of OrthoBanc and we congratulate the teams at OrthoFi, AKKR and OrthoBanc on the completion of this transformative transaction. We look forward to OrthoFi’s continued growth and success.”

About OrthoBanc
Headquartered in Chattanooga, Tennessee, OrthoBanc has been the preferred patient payment management solution for orthodontic and dental practices for over 20 years. The OrthoBanc Customer Care team has delivered excellent customer service to over 2.5 million responsible billing parties, currently serving over 2,500 practice locations throughout the United States.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments. The firm focuses on software and information technology-enabled businesses well-positioned for top line and bottom line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle market companies and provides a broad range of capital solutions including buyout capital, minority growth investments and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park, California, with additional offices in Atlanta, Georgia, and London, U.K.

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