ClearChoice Holdings, LLC, which serves ClearChoice Dental Implant Centers, the only national network of providers delivering same-day dental implant services, was recently sold by L Catterton to Sun Capital Partners.
L Catterton & ClearChoice
L Catterton, announced that it has entered into a definitive agreement to sell ClearChoice Holdings, LLC a dental support organization for a national network of dental implant centers providing consumers with same-day dental implant care, to an affiliate of Sun Capital Partners, Inc.
With 39 centers in 22 states, the ClearChoice network is the only multi-unit, multi-regional dental implant network of scale in the U.S. ClearChoice currently manages dental practices in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia and Washington. ClearChoice is headquartered in Greenwood Village, Colorado.
Since its investment in 2011 as part of its consumer health vertical, L Catterton has worked closely with the ClearChoice team to implement a number of operational efficiency, sales and marketing, and new product offering initiatives that have increased the revenue and profitability of ClearChoice. With the support of L Catterton, the ClearChoice network has significantly expanded its footprint, with the opening of ten new centers over the past two years, and double-digit same-center growth across the network. In addition, the company launched new product and service offerings to expand the network’s market, and enacted a number of enhancements in center operations to markedly lift patient access to care and profitability.
“With L Catterton’s support, we have been able to drive rapid and consistent growth by optimizing the performance of each ClearChoice Dental Implant Center through enhanced training, marketing and sales strategies,” said Kevin Mosher, CEO of ClearChoice. “It has been a privilege to partner with L Catterton, and we are grateful for the operational expertise and strategic guidance they have provided us over the past six years. We look forward to continuing this momentum through the next stage of our growth.”
“ClearChoice is a highly differentiated business operating in the fastest growing segment of the consumer dental industry, and we are proud of the success and growth that ClearChoice has achieved as part of our global consumer health franchise,” said Nik Thukral, a Managing Partner of L Catterton’s Buyout Fund. “We are pleased to have worked with Kevin Mosher, Todd DeYoung and their highly talented team, and to have participated in the company’s success.”
L Catterton’s other current consumer health investments include CareDent, a leading chain of dental clinics in Italy; Pain Doctor, an operator of pain clinics and surgical centers throughout the U.S.; and PatientPoint, a provider of patient and physician engagement solutions at the point of care.
Sun Capital & ClearChoice
“ClearChoice represents a great opportunity for Sun Capital to leverage its experience with service-oriented, consumer-facing businesses,” said Marc Leder, Co-CEO at Sun Capital. “We’re excited at the prospect of working with the management team to manage growth and improve patient access to care by increasing operational efficiency. In addition, we plan to expand new center development infrastructure and to invest in digital marketing capabilities to increase awareness of this life-changing procedure.”
“ClearChoice has helped improve the quality of life for tens of thousands of people over the past 13 years with our affiliated providers’ unique dental implant approach, and we are excited to partner with Sun Capital as we move forward,” said Kevin Mosher, CEO of ClearChoice Holdings. “Sun’s expertise in growing consumer-facing businesses while enhancing the customer experience will be incredibly valuable as ClearChoice looks to serve an increasing number of people around the country.”