ST. LOUIS (July 24, 2019) – Alpaca Audiology (Alpaca), a portfolio company of Thompson Street Capital Partners (TSCP), announced that it has acquired Belsono Management Group, LLC (Belsono) and its two clinic groups: Hearing Health USA, LLC and Ideal Practice Management Group, LLC. The transaction was funded by TSCP. Terms of the sale were not disclosed.
Belsono, founded by Amir Hadar and Jonathan Weizman, is headquartered in Mountain Lakes, New Jersey. The merged Alpaca/Belsono organization owns and operates clinic locations in the eastern half of the United States and is now the largest independent network of its kind in the country. “While always looking to add clinic groups, we will continue to give our current providers options to innovate and thrive,” said Alpaca President and founder, Brian Vesely.
Alpaca consists of two business units: a portfolio of audiology clinics, and a buying group/negotiating network for privately-owned audiology practices, offering a free membership and a broad range of member benefits.
Brian Vesely said, “Belsono brings experienced management capabilities, custom-tailored systems, and a solid infrastructure – attributes that will be invaluable as we work together to create a never-before-seen entity in the audiology sector.”
Jim Cooper, Managing Partner at TSCP said, “By owning both a vast network of clinics and a buying group, Alpaca is now in a unique position to offer independently owned clinics competitive pricing and associated services that are on par with manufacturer owned-clinics. The addition of the Belsono Group creates enormous scalability, coupled with deep-rooted industry expertise and know-how. We look forward to supporting the group’s growth on both the buying group and clinic-acquisition aspects of the business.”