MINNEAPOLIS, MN – December 6, 2021 – Northborne Partners acted as the exclusive financial advisor to Premier Allergist, formerly The Allergy & Asthma Center in its sale to AllerVie Health; financial terms were not disclosed.
Premier Allergist is one of the largest single specialty allergy, asthma and clinical immunology practices in the Washington, D.C. metropolitan area and Florida with 32 clinic locations. Premier Allergist was founded by Dr. Prasad M. Nataraj and his wife Radhika who built the practice over the past 26 years through relentless dedication to providing patients with state-of-the-art treatment, testing and diagnosis of allergy, asthma and related immunological disorders.
AllerVie Health is a national network of allergists and immunologists partnering together for the advancement of patient care, serving patients across 10 states in 64 clinic locations. Dr. Nataraj will remain with AllerVie Health and will be serving in a new executive leadership role where his expertise in increasing access to care through allergy clinic growth will help propel the company’s national network expansion. Radhika will also remain with the business to ensure a seamless transition and help AllerVie execute its growth initiatives.
"We are thrilled to be able to expand our phenomenal patient base and the care we provide to our patients by partnering with AllerVie Health,” said Dr. Prasad Nataraj. “We look forward to utilizing their resources to improve care for our current patients and to amplify our reach to new patients in our current and new markets.”
By joining AllerVie Health, Premier Allergist will leverage AllerVie’s commitment to clinical research, innovation and expansion of care, allowing the combined organization to expand and enhance services to patients through new clinical research trials, innovative treatments and other resources available across the nationwide network of providers.
“AllerVie Health is a patient-first organization directed by and in support of board-certified allergists,” said Dr. Weily Soong, AllerVie Health Chief Medical Officer. “We believe that all people deserve access to evidence-based allergy diagnostics and treatments, as well as advancements in allergy therapeutics stemming from clinical research trials. With the inclusion of Premier Allergist to our network, we are thrilled to be adding new providers to our network who both believe and ensure that patients receive the best in life changing care every day — the ultimate AllerVie experience.”
Regarding Northborne’s involvement in the transaction, Radhika Nataraj added, “The Northborne Partners team has been a trusted advisor to us every step of the way as we explored a strategic partner to help grow our business. Mark Horvick, Chris Klotsche and Ryan Kromminga were invaluable partners to guide us through the process.”
Fredrikson & Byron acted as legal counsel to Premier Allergist, and Choate Hall & Stewart acted as legal counsel to AllerVie.
About Northborne Partners
Northborne Partners is a preeminent middle market investment banking firm focused on providing M&A advisory services to companies in the food & consumer, healthcare and industrials sectors, among others. It focuses on advising private business owners in the sale of their companies and has decades of experience sitting across the table from the most seasoned strategic and private equity buyers in the world. Northborne Partners is headquartered in Minneapolis, MN. For more information, please visit www.northborne.com.
About Premier Allergist, formerly The Allergy & Asthma Center
Premier Allergist, formerly The Allergy & Asthma Center was established in 1995 and is one of the largest single specialty allergy, asthma and clinical immunology practices in the Washington, D.C. metropolitan area and Florida. Its experienced team of healthcare professionals offer treatment of allergy, asthma and related immunological disorders to both adults and children of all ages. For more information, please visit www.premierallergist.com and www.premierallergistofflorida.com.
About AllerVie Health
AllerVie Health is a national network of board-certified allergists and immunologists partnering together for the advancement of patient care, serving patients across 10 states in 64 clinic locations. Its providers are committed to establishing the allergy and immunology gold standard, expanding access to best-in-class care and bringing relief and renewed vitality to the millions of Americans affected annually, many of whom live in underserved communities today. AllerVie is relentlessly dedicated to clinical excellence, creating an improved patient experience and supporting the development of advanced allergy and immunology-focused therapeutics and treatment options. For more information, please visit www.allervie.com.
Website includes transactions completed by Northborne professionals at prior firms.