Dental Acquisitions in 2020

Prairie Capital VI partnered with Dr. Kelly Jastremski, Patrick Malloy and other practice-owner dentists to consolidate 26 dental practices across Indiana and form P1 Dental Partners, a provider-led dental partnership organization headquartered in Indianapolis. The platform comprises 23 general and 3 specialty practices (about 50 providers) and Prairie Capital will support growth through investments in people, technology, infrastructure and add-on acquisitions.

PG Dental Holdings, backed by TriSpan, has completed a merger with Allied Dental Holdings to create the largest dental service organization (DSO) footprint in New Jersey and expand presence in Pennsylvania and Maryland. Pro forma the transaction, the combined organization will manage 79 multi-specialty practices employing over 200 dentists and more than 130 corporate staff.

North American Dental Group (NADG) affiliated 18 dental offices across six states, bringing seven dental groups into its DSO network. The new affiliations — including Park 56 Dental, Snodgrass-King Dental, Southeast Orthodontics and several single-location practices — expand NADG's platform and bring new Group Founders into NADG's leadership structure.

An affiliate of Sun Capital Partners has agreed to sell ClearChoice Management Services, the operator of the ClearChoice Dental Implant Centers network, to Aspen Dental Management (ADMI). ClearChoice operates a national network of more than 60 implant centers; terms were not disclosed and the deal is a strategic acquisition to expand Aspen's specialty dental capabilities and patient reach.

Western Dental & Orthodontics has acquired Salwan Dental Group, a single-office dental practice located at 2537 South Euclid Avenue in Ontario, California. Dr. Ranjeev Salwan will remain as the managing doctor, and the acquisition raises Western Dental's total California offices to 235 while expanding its network of services including general dentistry, orthodontics and oral surgery. The office will continue to serve Medi-Cal (Denti-Cal) patients as part of Western Dental's affordable care network.

Cerberus Capital Management affiliate has acquired National Dentex Labs (NDX), the largest network of fully‑owned dental labs in the United States. Cerberus said the investment will support NDX’s growth through strategic lab acquisitions, expansion of manufacturing capabilities, and investments in dental technologies while the current management team remains in place.

Certain credit investment funds managed by New Mountain Capital acquired substantially all assets and operations of LT Smile Corporation (Benevis) in a Section 363 sale out of Chapter 11. The deal, completed with support from the company's DIP lenders, places Benevis under New Benevis Holdco, Inc. and provides an improved balance sheet and growth capital to continue supporting non-clinical practice services for dental practices.

Riverdale Healthcare, a PE-backed dentistry group, acquired Bridge Street Dental Practice in Morpeth, United Kingdom, announced 1 October 2020. The acquisition was executed as an add-on to Riverdale's growing platform (backed by Apposite Capital) to expand its footprint in primary dental services.

Smash Labs, LLC, an oral care research and development firm based in Boca Raton, Florida, has acquired miBrite, a Florida-based manufacturer of teeth whitening and oral care products. The acquisition gives Smash Labs full control of the miBrite Teeth Whitening brand to launch new oral care formulations; financial terms were kept confidential.

U.S. Oral Surgery Management (USOSM), a specialty management services organization based in Irving, Texas, has formed a partnership with Oral Surgery Associates & Dental Implant Centers, a nine-surgeon practice operating 10 locations in the Atlanta, Georgia area. The deal expands USOSM's footprint in the Southeast and brings operational, marketing and administrative support to the multi-location oral surgery group.

Fruition Partners, a Denver-based private equity firm, acquired a leading but undisclosed dental health group and established Divergent Partners Management Group (DPMG) as a new dental practice management platform targeting general and specialty dentist practices across Florida. The platform will be led by CEO Marvin Terrell and aims to scale through complementary add-on acquisitions across the Tallahassee–Jacksonville–Tampa “triangle of growth.”

TriSpan and PG Dental Holdings, LLC announced the acquisition of 17 dental practice locations across New Jersey and Pennsylvania, expanding PG Dental’s platform to support 27 multi-specialty dental practices pro forma. Financial terms were not disclosed; the deal deepens PG Dental’s presence in New Jersey and establishes the group’s first practice in Pennsylvania.

Light Wave Dental Management, backed by private equity firm Alpine Investors, announced a long-term management affiliation with Triangle Family Dentistry, a six-location dental group in Raleigh, North Carolina. The deal expands Light Wave's Mid-Atlantic footprint and provides Triangle with capital and management support to accelerate growth and open additional offices.

Empire Dental Arts, a portfolio company of Evolution Capital Partners, has acquired Papich-Forsyth D.D.S. & Associates, adding the practice's two locations in Stow and Cuyahoga Falls to Empire's network in Northeast Ohio. The acquisition is an add-on to Empire's platform and marks the first investment since Evolution acquired Empire in January 2020, bringing Empire's affiliated offices to six.

Vyne, a health information exchange and electronic healthcare communication provider, acquired Renaissance Electronic Services, an Indianapolis-based dental EDI and claims clearinghouse provider. The acquisition is an add-on to Vyne's dental portfolio (itself PE-backed by The Jordan Company) to expand electronic claims, attachment and revenue-cycle capabilities for dental practices nationwide.

Unident AB, a Triton-backed Nordic dental distributor, has acquired Finnish Dental Systems Oy and Swedish GAMA Dental AB to strengthen its presence in Finland and Sweden and expand its consumables and equipment offering. Both targets are small, regionally focused dental suppliers and service providers that will be integrated into Unident's platform.

Evolution Capital Partners LLC announced a growth investment in Empire Dental Arts, a dental partnership organization founded by Dr. D. Todd Russell and headquartered in Mentor, Ohio. The investment — the first from Evolution's Fund IV — will support Empire's expansion of centralized administrative and operational services for a network of dental practices in Northeast Ohio.