Parallel ENT & Allergy Partners Adds Grand Rapids ENT of Michigan to Provide Expanded and Improved Patient Care

Grand Rapids ENT Parallel Partner

NEWARK, Del., Oct. 6, 2022 /PRNewswire/ — Parallel ENT & Allergy Partners has added a second state to its roster of high-quality, innovative ENT and allergy partners with the addition of Grand Rapids ENT.

“We are elated for the talented group of physicians and staff at Grand Rapids ENT to partner with the Parallel team,” says Glenn Noble, Parallel’s CEO. “The practice has a strong presence and reputation both locally and across the state of Michigan. We are very much looking forward to working with Dr. Pfennig and the Grand Rapids ENT team as we continue to rapidly grow and expand Parallel’s footprint.”

For more than 25 years, Grand Rapids ENT has provided a full range of ear, nose, and throat services to the Greater Grand Rapids area. Staffing six experienced, board-certified physicians, the practice also offers allergy testing and treatment, audiological testing, hearing aid sales and services, and reconstructive and cosmetic facial plastic surgery.

“Backed by Parallel ENT & Allergy Partners, we can now focus on providing even greater care for our patients,” said Thomas Pfennig, DO, a board-certified ear, nose throat and allergy specialist with Grand Rapids ENT. “This is a win for us and our patients. Our philosophies aligned perfectly with Parallel, and we’re excited to build an even stronger practice together in the years ahead.”

Grand Rapids ENT Physician providers include Gregory J. Artz, M.D., Neurotologist, Claudell Cox, M.D., Otolaryngologist, Robert J. Meleca, M.D., Otolaryngologist, Thomas W. Pfennig, D.O., Otolaryngologist, Joe Taylor, M.D. Pediatric Otolaryngologist, and Devin Mistry, D.O. Otolaryngologist and Rhinologist.

The parallel is backed by Trinity Hunt Partners, a leading private equity firm with deep experience in healthcare services.

ABOUT PARALLEL
Parallel ENT & Allergy Partners is a physician-centric management organization specifically designed to address the unique needs and demands of ENT and allergy practices. Working in parallel with its partner practices, the organization provides strategic, operational, and administrative support, so physicians can spend less time worrying about the business of medicine and more time caring for their patients. Parallel ENT & Allergy Partners currently incorporates the expertise of 21 doctors at eight locations in two states (Delaware and Michigan).

To learn more about Parallel ENT & Allergy Partners, please visit https://parallelenta.com.

To inquire about opportunities to partner with us, email Glenn Noble, Chief Executive Officer (GNoble@parallelenta.com), or Justin Kuperberg, Chief Development Officer (Jkuperberg@jkuperberg@parallelenta.com).

ABOUT TRINITY HUNT PARTNERS
Trinity Hunt Partners is a growth-oriented middle market private equity firm with over $1.2 billion of assets under management focused on partnering with business owners to build world-class business, healthcare, and consumer services companies. Trinity Hunt has earned a reputation for providing the strategic, operational, and financial expertise to take entrepreneurial services companies to the next level. The firm has been consistently named a Top 50 Founder-Friendly Private Equity Firm by Inc. Magazine. In 2022, Trinity Hunt ranked No. 13 among 517 PE firms on the inaugural HEC-Dow Jones Best Performing Small-Cap Private Equity Firms ranking.

For more information, please visit www.trinityhunt.com.

PRESS CONTANCT:
Avery Meginnis
Slant Partners
am@slantpartners.com
704.942.1598

SOURCE: Parallel ENT & Allergy Partners

Trinity Hunt Partners Announces Launch of Parallel ENT & Allergy Partners

Trinity Hunt Partners

Trinity Hunt Partners, a growth-oriented middle market private equity firm, today announced the launch of Parallel ENT & Allergy Partners (“Parallel”), a physician-centric management services organization for ear, nose, and throat (“ENT”) and allergy practices. Parallel and its partners share a commitment to the highest quality patient care, sustainable growth, and a culture of respect.

In March of 2022, Parallel completed a strategic partnership with ENT & Allergy of Delaware (“ENTAD”). Founded in 2010, ENTAD is a leading ENT and allergy services provider with a preeminent team of 15 physicians, 12 audiologists, and over 140 support staff. ENTAD will continue to operate under its brand. “At ENTAD, we are proud of our reputation for the highest quality clinical care and culture of collaboration, trust, and respect,” said Dr. Kieran Connolly, MD, a founder of ENTAD. “In Parallel and Trinity Hunt, we have found like-minded partners with the right experience and track record to accelerate ENTAD’s growth while preserving our clinical independence and core values.”

Parallel will provide scalable support services to ENTAD and future partner practices to promote long-term growth and allow providers to focus on delivering the highest quality patient care. Glenn Noble, a seasoned healthcare services executive with extensive operational and strategic experience, has joined Parallel as CEO. “I am excited to be working in tandem with ENTAD and Trinity Hunt to develop Parallel into a culture-focused, best-in-class leader in the ENT & Allergy space. Parallel has a clear strategic vision dedicated to simplifying the complex healthcare environment and improving the experiences of our ENT & Allergy practice partners, patients and employees,” said Glenn Noble.

Backing Parallel is Trinity Hunt Partners, a leading private equity firm with deep experience in healthcare services. “We look forward to supporting Parallel in its growth initiatives, including additional affiliations with like-minded practices, as it scales to become a market-leading player in the ENT & Allergy space,” said John Oakes, Principal at Trinity Hunt.

Baird served as exclusive financial advisor and Stevens & Lee served as legal advisor to ENTAD. McGuireWoods LLP served as legal advisor to Trinity Hunt. Terms were not disclosed.

ABOUT PARALLEL

Parallel ENT & Allergy Partners is a physician-centric management support organization for ENT and Allergy practices. Parallel shares a commitment to the highest quality patient care, sustainable growth, and a culture of respect. Working in parallel with its partner practices, the management services organization provides scalable support services to promote long-term growth while preserving clinical autonomy for its physicians.

Parallel brings together the best people, processes, and technology—and the highest standards of care—to pave the way for the long-term success of practices, physicians, and patients.

For more information, please visit www.parallelenta.com.

ABOUT TRINITY HUNT PARTNERS

Trinity Hunt Partners is a growth-oriented middle market private equity firm with over $1.2 billion of assets under management focused on partnering with business owners to build world-class business, healthcare, and consumer services companies. Trinity Hunt has earned a reputation for providing the strategic, operational, and financial expertise to take entrepreneurial services companies to the next level. The firm has been consistently named a Top 50 Founder-Friendly Private Equity Firm by Inc. Magazine. In 2022, Trinity Hunt ranked No. 13 among 517 PE firms on the inaugural HEC-Dow Jones Best Performing Small-Cap Private Equity Firms ranking.

For more information, please visit www.trinityhunt.com.