October 5, 2018
Minneapolis, Minnesota – Quarton International is pleased to announce that Ideal Option, a leading provider of Medication-Assisted Treatment (“MAT”) and behavioral counseling services for individuals suffering from Opioid Use Disorder (“OUD”), has received an investment from Varsity Healthcare Partners (“VHP”). Quarton International acted as the exclusive advisor to Ideal Option in this transaction.
Ideal Option has been committed to achieving a national leadership position in combating the opioid epidemic by leveraging a cost-effective, individualized Office-Based Opioid Treatment (“OBOT”) model. The partnership with VHP will provide strategic assistance and growth capital to facilitate Ideal Option’s mission of expanding affordable, effective and evidence-based treatment access to communities devastated by this epidemic.
VHP is partnering with the founders of Ideal Option, Dr. Jeffrey Allgaier and Dr. Kenneth Egli, each double Board-Certified in Emergency Medicine and Addiction Medicine, in this transaction. After witnessing the severity and prevalence of OUD while serving as Emergency Department physicians, Dr. Allgaier and Dr. Egli founded Ideal Option in 2012 to provide high-quality treatment access. Dr. Allgaier and Dr. Egli, as well as other members of management, will remain in senior executive roles and large shareholders of the Company going forward.
Dr. Allgaier commented, “the Quarton team effectively promoted our Company’s culture, core objectives and key strengths in a manner that directly aligned with our standards and intentions. We are extremely grateful for Quarton’s service and are excited to work with VHP to expand access to high quality MAT across the country.”
About Ideal Option
Headquartered in Kennewick, Washington, Ideal Option has delivered personalized medicine to over 20,000 patients through a network of 56 office-based opioid treatment (“OBOT”) clinics across 10 states. Ideal Option emphasizes individualized treatment programs for patients consisting of MAT and behavioral counseling services to drive superior outcomes. The Company extensively utilizes telemedicine technology to reach secondary and tertiary markets where access to treatment is limited or non-existent. Ideal Option and its team of 90 medical providers are dedicated to delivering excellent patient care with integrity and empathy. For more information please visit: www.idealoption.net.
About Varsity Healthcare Partners
Varsity Healthcare Partners (VHP) is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. VHP has been successful in developing and executing a tailored value-creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. VHP draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach, to effectively drive growth and maximize value. For more information please visit: www.varsityhealthcarepartners.com.
About Quarton International
Quarton International is a leading middle-market investment banking firm that provides merger & acquisition and capital raising advisory services to a diverse set of global clients. Quarton has offices in Berlin, Detroit, Frankfurt, Graz, Indianapolis, Leipzig, London, Minneapolis, Munich and Zurich. All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton International. For more information please visit: www.quartoninternational.com.
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