Our DSO Deal Roundup keeps you up-to-date on the latest DSO deal activity and includes an exclusive synopsis. With no signs of consolidation slowing down, August has been another very busy month in the DSO industry!
August 2021
Children & Teen Dental Group Announces Name Change to Oak Dental Partners
Children & Teen Dental Group (“C&TDG”), founded in 2015 by CEO Lee Provow, announced that it has changed its name to Oak Dental Partners. The company is a DSO that has grown to 25 affiliated pediatric dental and orthodontic offices across Georgia, Florida, Alabama, and Pennsylvania over the last six years. The new name reflects the organization’s rapid growth trajectory and decision to expand into adult and family dentistry. Though the rebrand is changing the company name at the DSO-level to Oak Dental Partners, Children & Teen Dental Group will forever live on as a standalone division of the company solely focused on pediatric dentistry and orthodontics. In March of 2021, C&TDG changed ownership and installed an exceptional Board of Advisors, including the former CEO of one of the largest DSO’s in the country, the current CEO of a major dental software firm, and the former Head of HR of a Fortune 100 company. Post-transaction, Oak Dental Partners has begun a hyper-growth phase and has added multiple locations in Florida and Alabama and is currently under contract to add multiple locations in the Southwest.
Tend Opens First Studio In Washington, DC
Tend opened its first studio in Washington DC recently, establishing a regional presence outside of New York City for the first time and introducing a new market to its innovative approach to oral health. Located at 600 Pennsylvania Ave SE, Tend Capitol Hill will be followed by five additional studio openings in the Navy Yard, Downtown, 14th and U, Metro Center and Ballston neighborhoods, beginning this month and into the fall. Tend launched in October 2019 with a completely reimagined, hospitality-driven approach to oral healthcare that features personalized visits, seamless online booking and price transparency. Since then, the company has opened seven locations across New York City with plans to open 20 total locations this year. Over the next year, as Tend expands across the country.
Eagle Dental Management Launches Dental Specialty Practice Partnership Initiative Across the Southwest Region
EDM is actively investing in specialty dental practices and groups looking to evolve their operations to meet the modern demands of running a practice today. To support its specialty practice partnership program, EDM has secured financial backing from a private investment firm based in Miami. With global holdings in healthcare, the group works with strong management teams with a focus on accelerating growth by removing capital constraints. EDM was identified as the ideal partner to invest in as the firm sought an entry into the North American DSO market. Read more about the Texas-based group, which considers itself an ‘invisible DSO,’ HERE.
MB2 Dental, Dental Partnership Organization, Enters Alabama
MB2 Dental, the Dental Partnership Organization, based out of Dallas, Texas, has expanded its territory into Alabama. MB2 Dental partnered with Dr. Meghan Darby, owner of Flint River Dental in Huntsville, Alabama. According to the 2020 Census, Huntsville is the largest city in Alabama, with a population of 215,006. This brings MB2’s acquisition total in 2021 to 59 new partnerships. MB2 Dental, founded and led by CEO and dentist Chris Steven Villanueva, is a co-op model that grows through acquisitions and de novos, which gives dentists the ability to leverage the company’s scale and infrastructure to further increase their equity values while remaining in control of their practice as clinicians, business owners and entrepreneurs. Rather than the traditional “Dental Support Organization” or “DSO,” MB2 Dental identifies as a “Dental Partnership Organization” or “DPO,” a concept the company created and released in 2017.
dentalcorp Quarterly Practice Update – Q2 2021
dentalcorp, Canada’s leading network of dental practices, welcomed 20 practices to its network in the second quarter of 2021. dentalcorp is Canada’s largest and fastest growing network of dental practices. The DSO has had several recent impressive accomplishments including their new listing (TSX: DNTL) on the Toronto Stock Exchange and becoming the largest healthcare IPO in Canadian history and the largest IPO on the TSX so far this year.
Deca Dental Group Announces Strategic Investment From Blackstone Tactical Opportunities
DECA Dental Group announced a strategic investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX; “Blackstone”). This partnership will help fuel DECA’s continued expansion, giving more dentists a platform to provide high quality, patient-centric, and convenient care to communities across the country. Founded in Dallas in 2008, DECA has nearly 100 affiliated dental practices with a network of offices in Texas, Florida and Washington. Dr. Sulman Ahmed, Founder and Chief Executive Officer of DECA Dental Group, will continue to run the company and chair the Board of Directors.
DCA welcomes Greater Maryland Oral Surgery & Dental Implants
Dental Care Alliance (DCA) announces the addition of Greater Maryland Oral Surgery and Dental Implants to its growing family of allied practices. Originally founded in 1973, Greater Maryland Oral Surgery and Dental Implants delivers oral surgery services through three locations, in Gaithersburg, Silver Springs and Frederick, MD. The addition of Greater Maryland Oral Surgery and Dental Implants brings DCA’s footprint in Maryland to 21 allied practices. This marks DCA’s fifth affiliation in 2021 so far, and aggressive growth is expected in the remainder of the year.
Smile One Services expands DSO footprint into Central Michigan
Michigan’s first multi-specialty DSO has just announced the acquisition of John Downey, DDS Family Practice in Ithaca, Michigan. The practice will be renamed Smile Ithaca and become part of Smile Dental Partners’ West Michigan dental group that provides multi-specialty dental care at six locations along the Lake Michigan shoreline and Grand Rapids.
Today’s Dental Network adds leading Pediatric Practice to it’s Partnership Network
Today’s Dental Network, LLC, a multi-specialty dental practice network and support organization to dental providers in the Southwest Florida region, has officially formed a partnership with Si McAninch, DDS, PA, a leading pediatric dentistry practice in Sarasota, Florida. The addition of Dr. McAninch’ s practice, TDN’s first partner network expansion since forming in July 2021, brings pediatric dentistry to its portfolio of specialty services and further enhances TDN’s ability to deliver an “infant-to-senior” continuum-of-care service offering through a single patient experience.
Thurston Group Announces Formation of the Newest Generation of DSO, Gen4 Dental Partners
Thurston Group, a private equity firm focused on investments in healthcare services companies, has announced that it has formed a new DSO, Gen4 Dental Partners. Thurston is partnering with Gen4 Dental Partners and its management team, led by CEO Lamonte Jensen and CCO Dr. Mitch Ellingson. The initial Gen4 platform is a combination of five group practices in Arizona and Utah consisting of 15 locations across the Southwest.
Smile Doctors Affiliates with Nine New Practices in Q2 2021, Including First in Maryland
Smile Doctors, the largest ortho-focused dental support organization (OSO) in the U.S., announced the affiliation with nine practice groups in seven states during the second quarter of 2021. The addition of a practice in Maryland represents the organization’s first move into the Old Line State, bringing the total number of states served to 23 and total locations to 258. Since January of this year, Smile Doctors has affiliated with a total of 36 locations and is ahead of its 2020 pace. The organization is also on track to surpass its 2020 total of 18 affiliated practices, which expanded the Smile Doctors’ footprint with 48 new locations and added five new states to its national presence.
Affordable Care Adds Network of Seven Tooth Replacement Practices
An entity of seven dental practices has affiliated with Affordable Care, a retail healthcare company exclusively focused on tooth replacement solutions. The seven dental practices provide tooth replacement services, including extractions, dentures and dental implants, to patients in New York, North Dakota, Pennsylvania and Texas.
Curaeos to become part of Colosseum Dental Group
Jacobs Holding, through Colosseum Dental Group, has reached an agreement with EQT and other minority stakeholders to acquire Curaeos, a leading European dental services provider with operations in the Netherlands, Italy, Germany, Denmark, and Belgium. With this acquisition, Jacobs Holding further strengthens its leading global dental services platform consisting of the pan-European Colosseum Dental Group and the North American Dental Group. With Curaeos, Jacobs Holding’s global dental services platform will operate close to 800 clinics with more than 13,000 professionals and generate over EUR 1.5 billion in annual revenue. Curaeos is an established and vertically integrated European dental services organisation headquartered in Oosterhout, the Netherlands. It provides the full range of high-quality general and specialist dental care under several renowned brands such as Curaeos, DentConnect and DentalCoop. Curaeos operates 186 clinics – 129 clinics in the Netherlands, 24 clinics in Italy, 15 clinics in Germany, 11 clinics in Denmark and 7 clinics in Belgium – as well as 54 dental labs. Curaeos will become part of Colosseum Dental Group and broaden the Group’s footprint to the Netherlands and Belgium while expanding its leadership positions in Denmark, Italy and Germany.
Dental365 Opens Third Office in Rockland County, NY
Dental365’s has announced its latest partnership with B & D Dental Excellence, located in West Nyack, NY. The office is now the third in Rockland County to be joining Dental365, and is just 4 miles from Dental365’s existing New City location. B & D Dental Excellence was founded in 1988 by Dr. Mark Dunayer, who leads the dental team today. Dr. Dunayer was one of the first dentists in New York to be certified in oral conscious sedation dentistry in an effort to help the many patients whose fear of the dentist prevents them from seeking dental treatment. The dental group was on the Emerging Groups to Watch in 2017 list. It is not often that a DSO has so many dental practices and dentists asking to join that a majority are not accepted – but that is exactly the case with this unique, fast-growing, affordable and exceptional DSO. Listen to the founder, CEO, & dir., dentistry, Dr. Scott Asnis, on The Group Dentistry Now Show: The Voice Of The DSO Industry – Episode 47.
Aspen Dental Management, Inc. (ADMI) is one of the largest retail healthcare business support organizations in the U.S., supporting 15,000 healthcare professionals and team members at more than 1,000 health and wellness offices across 46 states in three distinct categories: Dental care, urgent care, and medical aesthetics.
- Aspen Dental Expands Into Miami Market With Two New Offices
Aspen Dental has just expanded into the Miami market, opening two new offices in the surrounding metropolitan area. The DSO has a significant footprint across the state with more than 100 offices and its entry into the Miami market points to the company’s strong presence and continued growth across the region. The offices are located in North Miami and River Landing, and are independently and privately owned by renowned dentists local to the area. - Aspen Dental Opens 36th Practice in Tennessee
Led by Dr. Elliot Dudley, ADMI’s 36th practice in the state of Tennessee is located at 382 W. Highway 51 Bypass. - Aspen Dental Opens 47th Practice in Texas
ADMI has officially opened its doors in Pasadena, Texas with the opening of a brand-new office, located at 4539 East Sam Houston Parkway. The office will be led by Dr. Brian Tran, Dr. Cindy Huynh and Dr. Mohammad Kaplan. All three earned their DMD degrees from Nova University. - Aspen Dental Opens 48th Practice in Pennsylvania
Aspen Dental has officially opened its doors in Warrington, Pennsylvania. The new practice is located at 385 Easton Road, Suite B.
U.S. Oral Surgery Management (USOSM) – a specialty management services company that exclusively serves oral and maxillofacial surgeons. Headquartered in Irving, Texas, USOSM now has partner practices spanning 15 states: Texas, Colorado, Georgia, Tennessee, Minnesota, Alabama, Oklahoma, Louisiana, South Carolina, Mississippi, Florida, Indiana, Kentucky, Arizona and California. They have recently entered their 15th State with a partnership with Center for Oral and Facial Surgery of California and a Lakeside Oral Surgery, a second partnership in Oklahoma. They have announced a new partnership with Established in 1927, the Center for Oral & Facial Surgery is the oldest and largest practice in San Diego County, with four board-certified oral and maxillofacial surgeons providing quality care for over 94 years. The Center for Oral & Facial Surgery has two offices treating patients in San Diego and in El Cajon, California. This is USOSM’s first partner practice in California. USOSM also announced a new partnership with Lakeside Oral Surgery of Oklahoma City. It is their second partnership in OK. Led by Emily Frye, DDS, Lakeside Oral Surgery is a boutique practice offering a full scope of extremely personalized OMS services.
Heartland Dental on Track to Deliver Accelerated Growth in 2021
Heartland Dental, the nation’s largest dental support organization, today announced it has added more than 348 practices to its network since the beginning of the year, further solidifying its position as the DSO industry leader. The company is now affiliated with more than 2,300 doctors in 1,400 locations across 38 states. With expanded affiliations and the establishment of new supported offices, the company will now support the broadest range of dental care practices in its 24-year history and is on pace to deliver 40 percent growth of affiliated practices for calendar year 2021. Heartland Dental has collaborated in opening over 30 de novo practices to date and expects to open a record number of ~67 de novo practices in 2021, compared to an average of 50 opened each year from 2018 through 2020. With supporting de novo practices, Heartland Dental has focused efforts on supporting the expansion of the availability of quality care in high growth markets where the number of dental care practices has not been sufficient to serve the influx of new residences. The company is majority owned by KKR, a leading global investment firm.
Pacific Dental Services Launches One-of-a-Kind Dental-Medical Practice in Support of Whole-Body Health
Committed to the whole-body health of patients, leading dental support organization Pacific Dental Services® (PDS®) announces three healthcare practices in one convenient location with the opening of Union Village Modern Dentistry, Union Village Kid’s Dentistry, and Union Village Medical Group. This healthcare collaboration is an innovative new concept that increases access to care and enables patients to be seen by medical and dental professionals who understand the critical link between oral health and whole-body health. Sarah Oweis, DMD, and physician Elena Garcia, M.D. have partnered to offer patients an integrated, holistic approach to their healthcare. Read the full article HERE.
North American Dental Group Partners with Bella Dental
Founded by Dr. Alex Shor, the practice offers general and cosmetic dentistry in three New Jersey dental offices located in Brick, Holmdel, and Oakhurst. Based in Pittsburgh, Pennsylvania, NADG was co-founded in 2008 by Ken Cooper and Dr. Andrew Matta. Ken Cooper of NADG was named one of the nation’s highest rated CEOs during the pandemic. NADG currently supports more than 250 dental practices and nearly 500 full-time dentists across 15 states. Also recently, they saluted women DSO leaders in the industry.
Sage Dental Acquires Vero Beach Dental Office
Sage Dental announced the acquisition of Contemporary Care Dentistry in Vero Beach, Florida. With the new location, Sage Dental will serve more than 250,000 patients at nearly 70 locations across Florida and Georgia. Sage Dental Group of Florida, PLLC and Sage Dental Group of Georgia, PLLC have provided dental care to over 1 million patients through its broad practice network.
Australian Pacific Smiles Group Limited Publishes Full Year Results to 30 June 2021
The 2021 financial year delivered strong underlying EBITADA growth of 40.8% flowing from top line patient fee growth of 29.3%, despite restrictions relation to COVID-19 begin imposed on some centres. In FY 2021, Pacific Smiles delivered nearly 1 million patient appointments with a patient net promoter score of greater than 80. They opened 15 new dental centres. Revenue for the period was $153.2 million, up 27% on the prior period.
Western Dental Opens a New Office in the San Francisco Bay Area
The DSO announced the opening of a new Western Dental & Orthodontics office in the San Francisco Bay Area City of Brentwood. Brentwood is one of the fastest-growing cities in California. Western Dental is a provider of services to adults and children in the Medi-Cal Dental program (known as Denti-Cal) – part of the Medi-Cal public insurance program that provides health care benefits for more than 13 million individuals and families in California. Western Dental welcomes patients covered by Denti-Cal in addition to accepting uninsured and privately insured patients, at all of its California offices. Western Dental (with its supported affiliates, including Brident Dental & Orthodontics and Vital Smiles) is one of the nation’s leaders in accessible, affordable oral health care, serving approximately 3 million patient visits annually in 336 affiliated offices throughout California, Texas, Arizona, Alabama and Nevada.
Southern Orthodontic Partners Welcomes New Partners, Dr. Hilton Goldreich of Goldreich Orthodontics and Dr. Marlon Henderson & Henderson Orthodontics.
The addition of Goldreich Orthodontics represents SOP’s first partnership in the Dallas-Fort Worth area and the 8th location in the state of Texas. The DSO is based in Nashville and has locations in FL, GA TN, TX, and VA. Henderson Orthodontics is a two-location practice with offices in Duncanville & Grand Prairie, Texas.
Guardian Dentistry Partners Continues to Grow
Guardian is continue to grow in the Great Lakes State. They have recently welcomed AG Alsaidi, DDS, MS of Michigan Gum Docs to the team. Founded by a group of passionate dentists and a family office, Guardian Dentistry Partners is an emerging Dental Partnership Network dedicated to providing world-class support services and growth opportunities for its network of dentist partners. Established in 2018, Guardian has expanded rapidly and now supports dental entrepreneurs in Michigan, North Carolina, Pennsylvania, Texas and Virginia. They made the 2020 Emerging Groups to Watch list.
Dental Depot Opens Lewisville Location
Dr. Himesh Kana and Amish Patel have just opened a new Dental Depot location in Lewisville, TX. This location marks their fifth location in the DFW Metro and will serve as both a dental practice and as their regional Executive Leadership Office. Dr. Shakir Feroz and Dr. Rosa Nguyen, will be the providers for Lewisville, offering full-service general dentistry and orthodontics.
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