New DSO Launches in the City of Brotherly Love

Mid-Atlantic Dental Partners, located at 1701 Walnut Street, 8th Floor, Philadelphia, PA 19103, announced that it has closed on its initial round of financing with up to $15 million in capital commitments led by S.C. Goldman and Company, LLC.  S.C. Goldman & Company is private family investment partnership based in Philadelphia, PA, investing in the lower middle market of healthcare and industrial businesses.

According to CEO, Mitchell Goldman, “Mid-Atlantic Dental Partners will enable dentists to participate in improving the delivery of dental care by spending more time serving their patients instead of handling billing and other administrative tasks.”  He also said that Mid-Atlantic Dental Partner’s model is “not just for the dentist who wants to find a buyer for his or her practice, but for the dentist who wants to grow with the company and build personal wealth over time.”

Mr. Goldman, who most recently was a senior partner at the national law firm of Duane Morris LLP, is an expert in the Affordable Care Act.  Bringing 37 years of law experience to the firm, Goldman also has experience in health care industry, including regulatory aspects of health systems, mobile health and urgent care, as well as dental support organizations, dental practices and dental supply companies.  He is an adjunct professor of health care law and hosts a Sirius radio program on the business of health care.

According to the DSO, “valued at more than $112 billion, the U.S. dental care industry has consistently grown at 3.5 percent per year, driven in large measure by the aging Baby Boomer population. At the same time, approximately 45 percent of dentists nationally are over the age of 54 and looking to reduce administrative burdens while continuing to provide quality care.”

The DSO is now looking for partner dentists in Pennsylvania, New Jersey, Maryland and Delaware. No other leadership positions have been announced yet.

We here at GDN look forward to watching this new DSO grow and thrive in today’s changing dental landscape.

For entire press release: Business Wire