Familia Dental Management & Halifax Group Partner for Recapitalization

The Halifax Group announced that it has completed, in partnership with management, an investment in Familia Dental Group Holdings, LLC , a suburban Chicago based dental support organization.

Familia Dental provides quality, affordable dental care to underserved populations in smaller markets across five states.  Familia whose corporate office is located in Schaumburg, IL, has dental practices in Illinois, Indiana, Wisconsin, New Mexico and Texas.  Familia was founded in 2008 by Dr. Koushan H. Azad and now has 31 dental practice locations with several new practice locations slated to open this year.

 

 

Halifax has had a health and wellness portfolio for 16 years, but it looks as though this is there first venture into the dental space.  Halifax sees the fragmentation and stability in dentistry as a major opportunity.

“Halifax’s extensive financial and operational resources, as well as broad experience in healthcare services, will be invaluable as we prepare Familia for its next phase of growth,” commented Dr. Azad. “This partnership will enable us to expand our network, to broaden our service offering, and to continue to invest in technology to better serve our patients. I expect Halifax’s knowledge and capital to help us accelerate the opening of new clinics.”

Source: Business Wire, Familia Dental, Halifax Group