M&A Deal Summary

OrthoFi Acquires OrthoBanc

On December 31, 2020, OrthoFi acquired financial services company OrthoBanc

Acquisition Highlights
  • This is OrthoFi’s 1st transaction in the Financial Services sector.
  • This is OrthoFi’s 1st transaction in the United States.
  • This is OrthoFi’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-12-31
Target OrthoBanc
Sector Financial Services
Buyer(s) OrthoFi
Deal Type Merger

Target

OrthoBanc

Hixson, Tennessee, United States
OrthoBanc is a provider of patient payment management solution for orthodontic and dental practices. OrthoBanc offers a suite of tools for the patient financial lifecycle including risk assessment, treatment and fee presentation, complete payment management and point-of-care payment acceptance. OrthoBanc was formed in 2001 and is headquartered in Chattanooga, Tennessee.

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Buyer(S) 1

Buyer

OrthoFi

Denver, Colorado, United States
Category Company
Founded 2013
Sector Software
DESCRIPTION

OrthoFi is a technology-enabled service platform designed to leverage customer relationship management software and industry-leading revenue cycle management services to stimulate growth and streamline operations for orthodontic practices. OrthoFi has partnered with over 550 practice locations throughout the US and has helped over 300,000 patients find a quality, affordable Orthodontic care. OrthoFi was founded in 2013 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

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