New Acquisition Creates One of The Largest U.S. DSOs

Mid-Atlantic Topco LLC, operating as Mid-Atlantic Dental Partners, a dental support organization (DSO) dedicated to improving the delivery of dental services for dentists and their patients and a portfolio company of S.C. Goldman & Company, LLC , just announced that it has acquired DentalOne Partners from Dental Investments, LLC. Under the terms of the agreement, Mid-Atlantic Dental Partners acquired the equity of DentalOne’s operating subsidiaries in an all-cash deal.

This agreement marks the second large acquisition for Mid-Atlantic Dental Partners in just a little over a year. In October of 2018 Mid-Atlantic announced the acquisition of publicly traded Birner Dental Management Services, Inc. Birner was founded in 1995 and operated dental practices under the Perfect Teeth brand with over 100 dentists throughout Colorado, Arizona, and New Mexico. Read the entire article HERE.

The DentalOne deal will increase Mid-Atlantic Dental Partners affiliated offices to more than 240 operating in 18 states.

Founded in 1981 and headquartered in Plano, Texas, DentalOne is one of the first and largest DSOs nationally with approximately 150 affiliated offices across 13 states and 27 markets. DentalOne’s mission to change the dental space by supporting smart, technologically advanced practices, where doctors are free to focus on patient care without the burdens of running the administrative aspects of their practice, melds perfectly with the approach that has defined the business philosophy of Mid-Atlantic Dental Partners. Read DentalOne’s premium listing on Join DSO with job openings – HERE.

Mid-Atlantic Dental Partners was founded in 2016 and offers dentists a DSO model that supports dental professionals by providing marketing, financial, practice information and other business services so dentists and other dental professionals can focus on delivering the highest quality care to their patients. Read the story of their launch HERE. In addition, Mid-Atlantic Dental Partners’ supported practices offer associate dentists an opportunity to participate in the financial success of the practices. Over the last three years, Mid-Atlantic Dental Partners has built an exceptional management team with deep dental, operational, and entrepreneurial experience.

“This acquisition allows us to further transform Mid-Atlantic Dental Partners into a nationally recognized DSO. We’re proud of the positive impact we’ve made in the dental industry in just three years and look forward to continuing that success with DentalOne Partners. Dentists, hygienists, dental assistants and office staff are the true assets of our supported practices, and we will strive to raise the importance of all dental professionals in improving the overall health care of patients and populations.” – Mitchell Goldman, Chief Executive Officer, Mid-Atlantic Dental Partners

Houlihan Lokey served as the exclusive financial advisor to DentalOne. Morgan, Lewis & Bockius LLP advised DentalOne in the transaction. Duane Morris LLP and Waller Lansden Dortch & Davis served as legal advisors to Mid-Atlantic Dental Partners. In addition, Pricewaterhouse Coopers, LLP, KPMG LLP and The Berkley Group, LLC served as advisors to Mid-Atlantic Dental Partners on the transaction. Debt financing for the transaction was provided by CRG, L.P.

“Today marks an exciting milestone in the ongoing journey of DentalOne. Being part of a larger organization will give us the opportunity to access new resources and accelerate and improve practice support and initiatives. Our goal has and will always be to add value to the practices, and to the clinical teams that provide outstanding patient care every day.” – David Marks, DentalOne’s CEO

Leigh Feenburg, COO at Mid-Atlantic Dental Partners, commented, “It’s extremely exciting to be a part of an affiliation of this nature. We are poised to provide exceptional care to patients across the country, and continue to focus on our mission to elevate the delivery of dentistry. I couldn’t be happier to welcome all of these new team members to our family, and I look forward to building something that we can all be extremely proud of.”

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