A compact multi-motion lifting and transferring apparatus and a method of operating same are disclosed. In one particular embodiment, the apparatus may comprise an intermediary support member configured to be rotated about a substantially vertical axis, an electrically or hydraulically powered up/down extension arm, a support member for supporting a seat for accommodating at least one person, and a latching mechanism for securing the seat and seat support mechanism in a fully stowed position suitable for traveling in a vehicle.