Parallel ENT & Allergy announced on November 14 that it has added Michigan ENT & Allergy Specialists to its network. With the addition of Michigan ENT & Allergy Specialists, Parallel supports 93 providers and 443 employees across 19 locations in five states.
Michigan ENT & Allergy Specialists provides otolaryngology care for all ages across the Grand Rapids, Michigan MSA. The practice also offers sinus and rhinology care, treatment for balance and dizziness disorders and comprehensive audiology services. The practice has six locations throughout Michigan: Holland (main office), Grandville, Grand Rapids, Allegan, Grand Haven and Hastings. According to its website, the practice has a staff of 92, including six board-certified physicians, nine clinical audiologists, five board-certified physician assistants and five physical therapists.
Launched in July 2022, Parallel ENT & Allergy Partners is backed by Trinity Hunt Partners, a growth-oriented private equity firm with deep healthcare experience. Parallel is a management services organization for ear, nose and throat and allergy practices.
Parallel will provide non-clinical, practice management services to support patient care at the newly acquired practice. FOCUS Investment Banking served as the exclusive transaction advisor to Michigan ENT & Allergy Specialists. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 453rd Physician Medical Groups acquisition of the year, and 18th in the ear, nose and throat specialty. This also marks Parallel ENT’s third acquisition of 2023. The company acquired Ear Institute of Texas and Hearing Institute of Texas in May, followed by Head & Neck Surgery of Kansas City in October.
