Fran Lessans

Passport Health

Business Owner’s Challenge: No heirs desired to take the helm as owner sought stable transition to retirement with an opportunity to continue to participate in the growth of the business.

True North Solution: True North provided capital for seller to realize partial liquidity, support expansion of corporate owned clinics, invest in new product development, develop corporate customers, centralize back office for scaling exponentially, expand sales and digital marketing, and develop a cloud computing platform for efficient operations and electronic medical records (EMR) management.

Value Creation (Thus Far): Doubling the business in size through organic growth and acquisitions.