Dental Acquisitions in 2022

Cloud 9 Software acquired Alabama-based practice management platform Focus Ortho on November 18, 2022. The deal expands Cloud 9's customer footprint in the orthodontic/dental practice management market and will integrate Focus Ortho's team and customers into Cloud 9's cloud-based platform.

ProSmile, a TriSpan-backed dental support organization, completed the acquisition of four dental practices located in Maryland, Virginia and Washington D.C., marking the platform's entrance into Washington D.C. and Virginia. The add-on expands ProSmile's Mid-Atlantic footprint and follows several prior add-on acquisitions since TriSpan's initial investment in May 2019.

Menlo Dental Transitions represented 25 orthodontic and pediatric practices across the U.S. Southwest in collective sales to three dental partnership organizations for a combined $75 million. The brokered group sale aimed to help practice owners maximize value by negotiating collectively when approached by corporate buyers.

SkyKnight Capital has invested in Pearl Street Dental Partners alongside the company’s co-founders, dentist shareholders, management, and existing investor Talisker Partners. The minority growth investment will support Pearl Street’s next phase of expansion; the Dallas-headquartered dental practice management company operates 32 partner practices with more than 350 employees across Texas and Oklahoma.

Kaulig Capital, the private investment firm of the Kaulig Companies family office, has made a minority growth investment in Guardian Dentistry Partners (GDP), a dental partnership network that supports dentist entrepreneurs across multiple U.S. states. The investment will support GDP’s acquisition strategy and accelerate growth of its dental partnership platform alongside existing owners including NKP Capital and management, who reinvested a substantial portion of their equity.

Gen4 Dental Partners, a Thurston Group portfolio company, has acquired Bay Area Dental, a multi-location dental practice with sites in Los Altos, Mountain View and Cupertino, California. The deal expands the Gen4 platform into the San Francisco Bay Area and adds clinical capabilities including implant, orthodontic and cosmetic dentistry.

Henry Schein, Inc. acquired 100% of Midway Dental Supply, a full-service dental distributor headquartered in Livonia, Michigan. Midway reported approximately $110 million in 2021 sales and about 200 employees; the acquisition strengthens Henry Schein's presence in the Midwestern U.S. and brings new customers, executive talent, and sales and service personnel into its U.S. Dental business.

Signet Leadership and its clinical partner Ladd Dental Group, backed by Lead Capital Partners, have acquired Dill Family Dentistry in Logansport, Indiana. The practice will join Ladd Dental Group as the platform's eighth clinic in Indiana and will continue operating under Dr. Todd Dill with support from Signet's administrative and operational resources. The transaction expands the platform's footprint in the region as part of its ongoing DSO consolidation strategy.

Frontier Dental Lab Group partnered with and made an investment in D&S Dental Laboratory, a full-service dental laboratory headquartered in Waunakee, Wisconsin. The transaction is an add-on to Frontier's dental laboratory platform (backed by O2 Investment Partners) and strengthens the platform's Midwest presence; D&S has ~125 employees and multiple regional branches.

Cap City Dental Lab (Columbus, OH) has acquired Bolton Dental Laboratory (West Allis, WI). The acquisition is an add-on to Cap City's growth strategy—expanding its product and service portfolio, adding CAD/CAM capabilities, and extending its geographic reach in the Midwest.

Henry Schein, Inc. has completed the acquisition of Condor Dental Research Company SA, a Swiss dental distributor based in Vouvry. Henry Schein purchased 100% of Condor Dental from MCCB II Holding (owned by Christèle Herreman) to expand its Swiss and European dental distribution business; Condor Dental reported approximately $18 million in 2021 sales and will join Henry Schein’s International Distribution Group.

Sonrava Health has completed the acquisition of Mid-Atlantic Dental Partners (MADP), adding MADP's 215 offices across 17 states to Sonrava's national dental platform. The deal expands Sonrava's coast-to-coast footprint to 572 offices in 20 states and strengthens its portfolio of dental brands and practice-management capabilities.

Warner Pacific, a Westlake Village-based employee benefits general agency, has acquired Beta Health Association's commercial dental health platform to expand its ancillary product offerings and deepen partnerships with national carriers. The deal strengthens Warner Pacific's presence in the West and enables brokers to pair Beta Health's dental savings plan with dental plans from national carriers; terms were not disclosed.

Planet DDS, a provider of cloud-based dental practice management and imaging software, agreed to be recapitalized by Aquiline Capital Partners with existing investor Level Equity rolling a portion of its equity and investing additional capital. The recapitalization will fund Planet DDS's growth plans and accelerate product and market expansion; the transaction is expected to close in Q3 2022.

Oakpoint, a Longshore Capital Partners-backed dental support organization, completed six new practice affiliations — including Nu Image Surgical & Dental Implant Center, Lockhart Dental, Brown & Neuwirth Oral and Cosmetic Surgery Center, Royal Oak Dental Group and Cary Prosthodontics, Wendell Family Dentistry, and Wake Forest Endodontics and Crabtree Endodontics — bringing its total to 10 affiliated practices across 32 locations in North and South Carolina. The transactions are add-on affiliations to Oakpoint’s multi-specialty DSO platform as it pursues geographic expansion in the Carolinas.

An affiliate of Sun European Partners has agreed to acquire DD Group (formerly Dental Directory), the UK and Ireland's leading dental and medical aesthetics distributor and services provider, from IDH Group and Palamon Capital Partners. The corporate carve-out, expected to close in June 2022, positions DD for a buy-and-build expansion across the UK, Ireland and wider Europe while providing IDH with proceeds to deleverage and focus on its core dental services business.

Frontier Dental Superholdings, the multi-site dental laboratory platform backed by O2 Investment Partners, has partnered with and made an investment in Dental Lab Aesthetics, a Port Washington, New York-based full-service cosmetic dental laboratory. The transaction brings DLA onto the Frontier platform as an add-on to expand cosmetic dentistry capabilities and strengthen the platform's presence in the Northeast; DLA founder Jason Kim will join Frontier's board.

National Dentex Labs (NDX) has acquired Swan Dental Lab of Brunswick, Ohio, with terms not disclosed. Operations will be consolidated at the Swan facility (renamed NDX Cleveland) to combine the teams (about 30 employees at the facility); Swan owners Martin Switalski and Maureen Antolik will remain with the business in customer-facing roles.

quip, the modern oral health company, has acquired Toothpic, a teledentistry platform that connects patients with dental professionals. The acquisition integrates Toothpic’s telehealth capabilities and nationwide provider network into quip’s digital oral care platform to expand access to preventive dental care and enhance quip’s product-and-services offering.

Onsite Dental, a Norwest Venture Partners‑backed provider of employer‑based and value‑based dental care, has acquired Dental Excellence Partners (DEP), a national dental organization with 24 clinics serving primarily Medicare and Medicaid patients in Florida and Texas. The deal expands Onsite Dental’s value‑based and integrated dental offerings—including a strategic partnership with Cano Health—to broaden access to senior and employer populations across multiple states.

CORDENTAL Group, a Cincinnati-based dental support organization and portfolio company of NMS Capital, has completed affiliations with two practices: Gateway Dental Group in Des Moines, Iowa and the practice of Barry R. Liebman, DDS in St. Louis, Missouri. The transactions expand CORDENTAL's DSO footprint as part of a renewed growth strategy following pandemic-focused consolidation.

Frontier Dental Superholdings LLC partnered with and made an investment in Burbank Dental Laboratory, a full-service dental laboratory headquartered in Burbank, California. The deal is an add-on to Frontier’s multi-site dental lab platform (which is PE-backed by O2 Investment Partners); Burbank will continue to be led by President Tony Sedler, who will join Frontier’s board.

Today's Dental Network (TDN), a multispecialty dental practice network backed by HealthEdge Investment Partners, has formed a partnership with Dr. Manav Malik to add SmileWorks Kids Dentistry in Sarasota, Florida to its partner network. The move expands TDN's pediatric specialty vertical and brings the practice into TDN's centralized practice-management platform and support services.

Boathouse Capital portfolio company Community Dental Partners has formed a partnership with OrthoDent, a pediatric and orthodontics-focused DSO operating 12 locations across Texas. Under the agreement, CDP will provide strategic and business resources to support OrthoDent’s specialty pediatric dentistry and orthodontics services while integrating the brand into CDP’s network.

Young Innovations, a portfolio company of The Jordan Company, has acquired Medical Purchasing Solutions (MPS), a Scottsdale-based supplier of pharmaceuticals and surgical supplies focused on oral surgery and dental implant markets. The deal adds MPS's product portfolio and customer relationships serving oral surgeons and periodontists to Young Innovations' dental supply platform and will keep MPS co-CEOs in leadership roles.

Gen4 Dental Partners, a Tempe-based dental support organization, has acquired Harris Dental, a multi-dentist cosmetic dentistry practice based in Phoenix, Arizona. The deal brings Harris Dental into Gen4's platform to provide operational support while preserving clinical autonomy for the practice's dentists.

Cherry Tree Dental has acquired Downtown Dental Associates and Robert J. Kingston, DDS in Minneapolis, and Fairmont Family Dentistry in Fairmont, Minnesota, expanding the company's footprint into Minnesota. The transactions are part of Cherry Tree's ongoing consolidation strategy supported by majority investor ICV Partners, which invested in Cherry Tree in 2021.

National Dentex Labs (NDX) has acquired Biotech Dental Prosthetics of Palm Beach Gardens, Florida; terms were not disclosed. The Biotech lab will relocate into NDX’s Jupiter, Florida headquarters, with Biotech president Frank Lavonia III becoming general manager of NDX’s new lab; the acquisition expands NDX’s Florida footprint as its fifth full-service lab in the state.

Impilo, a Nordic healthcare-focused investment company, has acquired a majority stake in tandlægen.dk, Denmark’s leading dental clinic chain. The clinic leaders and management have reinvested part of their proceeds and will partner with Impilo to support further growth, quality improvements and digitalisation across the chain’s 52 clinics and ~800 employees.