OrthoFi, Denver, Colo, announced that is has received a growth investment from Accel-KKR, a California-based technology-focused private equity firm. The new partnership is intended to provide capital and resources so that OrthoFi can continue to make investments in technology and go-to-market initiatives designed to better serve existing customers and drive the company’s continued growth in the market.
“We’ve seen encouraging growth and compelling results for our customers over the last five years by delivering a true end-to-end platform that enables practices to start more patients and leverage our revenue cycle services and analytics to run their businesses more effectively. We are thrilled about the opportunity ahead, and we believe this partnership with Accel-KKR will help us accelerate our development to grow our market share and amplify our portfolio of offerings as we enter our next stage of growth,” said Dave Ternan, CEO of OrthoFi.
“OrthoFi has built an impressive brand, customer base, and a strong platform for enabling elective healthcare practice development,” said Park Durrett, managing director at Accel-KKR.
“We are excited to partner with OrthoFi and to support their vision as they continue to grow, evolve their solution and provide value to their customers,” added Andrew Zbella, vice president at Accel-KKR.
Founded in 2013, OrthoFi is a software and technology-enabled service platform that is designed to leverage customer relationship management software and industry-leading revenue cycle management services to stimulate growth and streamline orthodontic practices’ operations.
