U.S. Oral Surgery Management (USOSM) – a specialty management services company headquartered in Irving, Texas, that exclusively serves premier oral and maxillofacial surgeons – has entered into a new partnership with Oral and Maxillofacial Associates LLC (OMA) an oral and maxillofacial surgery (OMS) practice with six board-certified surgeons and four locations. The partnership is USOSM’s first in the state of Oklahoma. OMA treats patients in Oklahoma City, Edmond, Midwest City and Norman. The surgeons offer a wide variety of OMS procedures to address both common and rare OMS needs, from wisdom teeth removal to teeth implants, sleep apnea correction and more.
Sun Capital Partners is gearing up for a sale of ClearChoice, a support organization for dental implant centers across the country, writes Sarah Pringle on PE Hub. The Boca Raton, Florida, PE firm bought ClearChoice from L Catterton in November 2017.
Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired National Dentex Labs (“NDX” or the “Company”), the largest network of fully-owned dental labs in the United States providing superior restorative dentistry solutions. NDX offers a broad range of options for both independent dentists and dental service organizations (“DSOs”), meeting the demands of a rapidly changing marketplace and delivering best-in-class solutions to the patients they serve. The transaction will enable the Company to accelerate growth, capitalize on acquisition opportunities, and execute on strategic investments in cutting-edge dental technologies.
Heartland Dental has welcomed a record number of supported practices in 2020 with more than 100 doctors choosing the company’s world-class support to date this calendar year. Heartland Dental provides non-clinical administrative support so dentists and their teams can focus on delivering high-quality clinical care and excellent patient experiences. Heartland’s support includes assistance with human resources, marketing, IT, supplies, insurance credentialing, accounting, and more. The company is majority owned by KKR, a leading global investment firm.
Southern Orthodontic Partners is excited to announce they have completed a partnership with Dr. Bart Weis and Charlottesville Orthodontics. The partnership marks SOP’s entry into the Commonwealth of Virginia, after initially launching in Tennessee and expanding into Texas and Florida earlier this year. Backed by Shore Capital Partners, SOP is a provider of orthodontic services in the Southeastern US. Charlottesville Orthodontics is led by Dr. Weis, Dr. Nancy Stranix, and their high-performing practice support team. With over 40 years in operation and three locations in Charlottesville and the surrounding area, they have been recognized as one of the top providers across the state of Virginia.
Teledentistry allows dental professionals to remotely review records and diagnose patients over video. Some smile about its promise, seeing it as a way to become more efficient, to reach the one-third of U.S. adults who federal figures from 2017 estimate hadn’t seen a dentist in the previous year and to practice more safely during the pandemic. But others see it as lesser-quality care that’s cheaper for dental professionals to provide, allowing them to make more money. At the same time, widespread adoption is hindered by issues such as spotty internet and insurance companies unwilling to reimburse for teledentistry procedures.
MB2 Dental continued its rapid 2020 growth in new states with partnerships in California, Nebraska and Nevada this month. This totals 53 new practices for MB2 in 2020 to date. MB2 Dental made the following partnerships in three new states: Dr. Craig Conrow, owner of Craig Conrow: Cosmetic Restorative & Implant Dentistry in Palm Desert, California; Dr. Daniel Beninato, owner of Premier Dental in Omaha, Nebraska; and Dr. Gary Richardson, owner of Adventure Smiles in Las Vegas, Nevada. MB2 Dental anticipates acquiring 33 more practices by the end of 2020.
Riverside Oral Surgery, the Official Oral Surgeons of the NJ Devils has announced two new locations in Chatham and Edison, NJ. The two new offices expand the group to eight doctors across six locations serving Northern New Jersey. Riverside’s Chatham location was acquired from Dr. Richard Riva, a highly respected practitioner who has been treating patients in his Chatham office for over 35 years. Similar to the Chatham expansion, Riverside acquired the Edison location from Dr. Arthur Greenwald, who has provided exceptional care in his Edison, NJ office for over 45 years.
A group of prominent oral surgeons along with executives who have significant experience in private equity have announced the creation of Allied OMS. Fort Worth Oral Surgery, Evergreen Oral Surgery, and DuneGlass Capital have jointly created Allied OMS, a Management Services Organization (MSO) serving premier Oral and Maxillofacial Surgery (OMS) practices throughout the US. The MSO allows doctors to focus on patient care while reducing the burdens and complexities of running the day-to-day business.
LT Smile Corporation, along with certain of its subsidiaries (the “Company”), announced Tuesday that substantially all of its assets and operations have been acquired under section 363 of the U.S. Bankruptcy Code by certain credit investment funds managed by and affiliated with New Mountain Capital, LLC (“New Mountain”). The sale transaction was previously approved by the U.S. Bankruptcy Court for the Southern District of Texas. The sale was supported by the Company’s current DIP lenders, who provided incremental financing to strengthen the Company during the transition and provide additional growth capital. The buyer, New Benevis Holdco, Inc. (“Benevis”) will continue to provide its industry leading, non-clinical business support services to dental practices across the country.
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