Buyer: New Harbor Capital
Seller: OTO ENT Services, LLC
Sector: Hospital/Medical Center
Keywords: New Harbor Capital, OTO ENT Services, Hospital, Medical Center, John Pircon, Jeffrey Lehman
New Harbor Capital has completed a majority investment in OTO ENT Services, LLC, a leading provider of administrative support services for affiliated multi-disciplinary ear, nose and throat providers and specialists in Florida, including The Ear, Nose, Throat & Plastic Surgery Associates ( “ENTPSA”, “the Company”), a nationally recognized ENT group and one of the largest in Central Florida.
Founded in 1958, ENTPSA is a leader in the Orlando market, providing a full range of services, including general and specialty otolaryngology services, allergy, audiology, sleep, speech, and balance therapy through five outpatient clinics and in the hospital setting. The group offers personalized treatment options to help any issue relating to the head and neck and is uncompromisingly dedicated to excellence and achieving quality results for its patients.
“We are very excited to partner with ENTPSA to launch this new platform,” said John Pircon, Partner at New Harbor Capital. “They are a recognized leader in the sector, known for their exceptional clinical outcomes and commitment to high-quality care. We look forward to working with them and supporting the group in their mission to expand access to care across Central Florida and beyond.”
“We are excited to partner with New Harbor to leverage their extensive physician practice investment experience to capitalize on those opportunities and reach our full potential,” said Dr. Jeffrey Lehman, CMO of ENTPSA. “Since the very beginning of our relationship, they have demonstrated their commitment to being great partners. We share their values and focus on high-quality patient care and physician leadership within the physician practice industry. This partnership will enable us to expand our reach, while still allowing physicians to maintain their clinical autonomy.”
About The Ear, Nose, Throat & Plastic Surgery Associates
Founded in 1958, The Ear, Nose, Throat & Plastic Surgery Associates is a nationally recognized ENT group and the largest group in Orlando, Florida, serving 24,000 patients and conducting over 70,000 visits per year. Its team provides a full range of ENT services, including general and specialty otolaryngology services, allergy, audiology, sleep, speech, and balance therapy through five outpatient clinics and in the hospital setting. For more information, visit https://entorlando.com/.
The M&A market for healthcare companies continues to strengthen in 2021 and ahead of the projected increases in US capital gains taxes. There is unprecedented capital in market, the lowest interest rates in US history and strong acquirer motivations for high quality healthcare companies. Across the continuum of care, buyers and investors are looking for well established, profitable businesses and offering strong valuations and options for management.
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