PG Dental Management, headquartered in New Jersey, and Allied Dental, a portfolio company of Boston-based Riverside Partners, have just announced the launch of ProSmile, resulting from their completed merger.
PG Dental Holdings, LLC is a DSO that provides non-clinical business services to dental practices operating in New Jersey, Pennsylvania, and Maryland. Dr. Patel, is the president and Bharat Rana is the CEO. Pre-Covid, the organization cared for 1,000+ patients per day.
Founded in 1998 by dentists, with headquarters in Toms River, NJ and more than 42 dental offices throughout New Jersey, Pennsylvania, and Maryland, the Allied Dental team is comprised of 139 dentists and 108 hygienists across every specialty and has treated over 350,000 patients in the Northeast each year. Riverside invested significantly to strengthen the Allied Dental leadership and back office infrastructure, and leveraged that when bringing the two organizations together.
Established by Dr. Amish Patel and Bharat Rana, in partnership with TriSpan, ProSmile will maintain a focus on delivering clinical care to its patients.
With more than 1200 dentists, specialists, hygienists and healthcare professionals operating at 79 locations, ProSmile will be established as the largest network of affiliated multi-specialty dental practices in New Jersey, with an expanding footprint in Pennsylvania and Maryland.
Bharat Rana, ProSmile’s CEO, has been reshaping the dental industry for more than a decade, massively improving the financial profiles of dental acquisitions. At its foundation, his value-driven business model enables significant growth opportunities.
Dr. Amish Patel, Chief Dental Officer, a dental practitioner since 2006, has created a name for himself by running his practices with a patient-centric mindset, which is shared by Bharat.
“We are extremely pleased with this merger. The Allied Dental team and organization is a fantastic cultural fit with PG Dental and we are excited about the synergies and strengths that this partnership brings to our new organization. This merger will allow us to expand across the region, offering excellent clinical services to patients of all socioeconomic backgrounds. Our mission is to be the leading dental healthcare company in the region, provide the highest quality care and services, and help improve the quality of life for our customers, our team and the communities in which we work and live.” -Bharat Rana, CEO, ProSmile
Founded in 2015, TriSpan is a private equity firm with offices in London and New York that invests in lower mid-cap companies in North America, Europe, and the United Kingdom. TriSpan seeks to create value by providing significant operational and M&A resources to help drive growth, synergies, and financial performance in its portfolio companies. Since inception, the firm has invested in more than 35 companies to date.
Source: PRNewsWire, TriSpan, GlobalNewswire
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