Industry News • October 2, 2018
NEW YORK–(BUSINESS WIRE)–Varsity Healthcare Partners (“VHP”), a leading lower middle-market private equity firm focused on healthcare services, announced today the completion of an investment in Ideal Option, a leading provider of Medication-Assisted Treatment (“MAT”) and behavioral counseling services for individuals suffering from Opioid Use Disorder (“OUD”). 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 the national opioid 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. Together, VHP and Ideal Option will also attract additional executive talent to facilitate expansion of the Company’s mission.
This article originally appeared in an article on Business Wire.