Private Equity Firm Partners with Pediatric DSO to Usher in Next Phase of Growth

Dr. Colleen Buehler Steinberg of Kids Care was voted a 2018 Top Dentist in Sacramento by fellow dentists

RiverGlade Capital, a healthcare services-focused private equity investment firm based in Chicago, Illinois, has formed a new partnership with Kids Care Dental & Orthodontics, a California-based pediatric and orthodontic dental support organization, in order to recapitalize the business and provide additional capital to support future growth.

Founded in 2002, Kids Care is one of the largest and fastest growing commercial and private-pay only pediatric and orthodontic groups. Kids Care has evolved from a single site pediatric dental office to a fully integrated pediatric oral care platform with 29 clinical units (pediatric, orthodontic and oral surgery) throughout Northern California.

Offering a fun environment with a kid-friendly staff, Kids Care is a market share leader with over 150,000 patient visits per year and a growing team of nearly 300 clinical and non-clinical practice-based staff. Janet Widmann, President and CEO who has been leading Kids Care since mid-2016, will continue in her leadership role there.

Widmann has nearly 30 years of experience delivering significant growth for healthcare companies. She has been named as one of the Bay Area’s most influential women by the San Francisco Business Times multiple times and led the strategic expansion plan of Kids Care throughout the San Francisco Bay Area. Focused on the employee and patient experience, she works closely with the clinical staff in order to deliver a good patient experience.  Prior to Kids Care, she worked at Blue Shield of California where she founded the company’s Women Lead to Excellence (WL2X) program to better develop women for leadership.

“The Kids Care team has built an exceptional reputation for clinical quality and care, in addition to a patient experience that is focused on positive outcomes. We are very excited to partner with such an outstanding management team to help them continue executing on their plan and continue scaling the business.” – Danny Rosenberg, Managing Partner of RiverGlade.

Headquartered in Chicago, RiverGlade Capital is a growth-oriented private equity firm that invests in healthcare services companies which have demonstrated strong organic growth and where value can be accelerated through human capital investments, operational improvements, strategic planning, and dynamic organic and inorganic growth initiatives.  They invest in healthcare services, which are founder-owned or have significant founder involvement, are lower middle-market; $3 million+ of EBITDA, and have a culture of compliance and clinical excellence. The firm helps to accelerate growth and scale organizations through organic growth, acquisition and de novo-based expansion strategies.

“The quality of care delivered by Kids Care, along with its unique culture that positively impacts patients and communities, is consistent with our strategy of only working with the best clinical care providers. We are honored to have the opportunity to partner with Kids Care and provide resources in order to accelerate the Company’s growth in Northern California and beyond.” – Garrick Rice, Managing Partner of RiverGlade

Group Dentistry Now recently reported on another RiverGlade Capital investment, US Oral Surgery Management Healthcare Management (USOSM). USOSM provides services to the oral surgery sector, providing partnership and support services to market leading oral surgery providers. Utilizing a physician-partnership model, USOSM is the largest network of oral surgery practices in the country.  The initial USOSM platform was formed through the combination of two oral surgery groups in Austin and Dallas. With the initial platform investment and subsequent investments made to date, the company is partnered with oral surgeons across 27 clinic locations. RiverGlade formed the DSO with the Thurston Group. Read GDN’s entire article here.

Sources: RiverGlade Captial, LaRazaKids Care Dental & Orthodontics


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