#United States #Dallas #Havencrest #OFFOR Health #Pediatric Anesthesia

Havencrest Capital Management Acquires Majority Stake in OFFOR Health

Havencrest Capital Management, a prominent private equity firm based in Dallas, has made a significant move within the healthcare sector by announcing its majority recapitalization of OFFOR Health. Founded in 2014 and located in Columbus, Ohio, OFFOR Health is renowned for its innovative provision of office-based anesthesia services, primarily designed for complex pediatric dental procedures.

Innovative Approach to Pediatric Healthcare

OFFOR Health employs a unique business model that integrates clinical teams directly into dental offices. These teams, composed of anesthesiologists, PACU nurses, and paramedics, bring hospital-grade safety practices to the dental setting, aimed particularly at addressing the needs of pediatric patients, including those enrolled in Medicaid. This innovation is crucial because it enables families to access timely care without the long wait times typically associated with hospital operating rooms.

Matt Shofner, a Partner at Havencrest, highlighted the critical need for access in pediatric care: “OFFOR is addressing a real access challenge for pediatric patients and families, particularly those who have faced barriers to timely care. We are excited to partner with CEO Gary Schafer and the OFFOR team to help expand access to safe, high-quality care in the dental office setting.” He emphasized the shared commitment to reaching more families across various communities.

Excitement for Partnership

CEO Gary Schafer expressed his enthusiasm regarding the new partnership with Havencrest. He stated, “We are thrilled to welcome Havencrest as our strategic and financial partner. What drew us to Havencrest above all else was its genuine alignment with our mission -- ensuring that children have access to the high-quality care they deserve.” This partnership is seen as a strategic opportunity to extend OFFOR’s reach, facilitating care for children in underserved communities across the nation.

Christopher Bowers, who will continue his role as Chairman of the Board, brings invaluable experience in the managed care market, specifically concerning Medicaid populations. He previously served as the Executive Vice President at Centene Corporation, embodying a wealth of expertise in the sector.

Potential for Growth

Brian Banks, a Principal at Havencrest, commented on the considerable opportunity presented by OFFOR’s model: “OFFOR sits at a compelling intersection of clinical innovation and access, delivering hospital-grade anesthesia capabilities directly into the dental office setting for pediatric patients who need it most.” He envisions a tremendous potential not only to scale OFFOR’s existing model but also to ensure increased access for families who have traditionally been underserved.

In conclusion, this recapitalization agenda is expected to propel OFFOR Health’s innovative practices forward, empowering families and transforming pediatric dental care significantly. The financial specifics of the transaction were undisclosed, but the strategic implications promise a robust partnership that stands to benefit countless children nationwide. As the healthcare landscape continues evolving, collaborations like this illustrate a commitment to improving care delivery mechanisms that ideally resolve existing healthcare inequities.

For more information about Havencrest Capital Management and their initiatives, visit www.havencrest.com.