Bloom Advises Ear, Nose, and Throat Associates of Texas on Partnership with Elevate ENT Partners
- March 23, 2023
The Bloom Organization, a premier middle-market sell-side advisor, is pleased to announce that its client, Ear, Nose, and Throat Associates of Texas, PA (“ENTTEX”), has partnered with Audax Private Equity’s (“Audax”) portfolio company Elevate ENT Partners (“Elevate”), a multi-state provider of ear, nose, and throat (“ENT”) care. The partnership provides Elevate with a leading practice in the Dallas Fort Worth area.
With 6 ENT physicians operating across offices in Frisco, McKinney, Plano, Anna, and Prosper, ENTTEX is one of the largest independent ENT providers in Texas. Through its new affiliation with Elevate, ENTTEX will serve as a platform for growth in the region. ENTTEX physicians are nationally recognized as top-quality clinicians and thought leaders.
Audax Private Equity is a leading middle-market private equity investor with a history of investments in the physician practice management sector.
“Before hiring the Bloom Organization, we spoke to a variety of practice management groups but the valuations and terms they presented just didn’t meet our expectations,” said Dr. Neelesh Mehendale, founding physician at ENTTEX. When asked what most excites him about partnering with Elevate, he said, “I’m most excited to get some of these administrative tasks off my plate. I’d much rather be seeing patients.”
Katten Muchin Rosenman LLP (US), led by Ramana Rameswaran, Partner, provided legal counsel to ENTTEX.
The Bloom Organization has 30+ years of experience working exclusively on healthcare transactions assisting physicians, health systems and private equity firms in market consolidation strategies. For more information or to discuss potential monetization opportunities, please contact The Bloom Organization at (305) 974-0700 or firstname.lastname@example.org.