Beacon Oral Specialists, a portfolio company of Blue Sea Capital, announced today that it has entered into a strategic partnership with Maryland Oral Surgery Associates (MOSA). This new partnership immediately expands Beacon’s presence in the mid-Atlantic with eight new locations in the state of Maryland. Beacon most recently entered a relationship with Fairfax Oral and Maxillofacial Surgery serving Northern Virginia with six practice locations in June of this year. Combined, the two practices represent 14 locations providing decades of exceptional care to generations of patients in the greater Washington, D.C., metropolitan region.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), through its U.S. business, has entered into a definitive agreement to acquire DentaQuest, for US$2.475 billion (approximately C$3.1 billion). Headquartered in Boston and founded in 2001, DentaQuest is the largest provider of Medicaid dental benefits in the U.S. with growing Medicare Advantage, commercial and U.S. Affordable Care Act (ACA) exchange businesses. Currently DentaQuest has more than 33 million members in 36 states and approximately 2,400 employees. DentaQuest’s minority shareholder, Centerbridge, will also be selling its stake in DentaQuest.
42 North Dental finalized a partnership with South Shore Oral Surgery Associates (SSOS), the premier oral surgery practice in Quincy, MA. The practice was founded by dentist-owners Dr. David Lustbader, Dr. Michael Gu, and Dr. Paul Wilson. All doctors remain with the practice and continue to provide patient care with Dr. Lustbader serving as Dental Director. South Shore Oral Surgery Associates is the second specialty specific dental practice in the 42 North Dental network.
Endo1 Partners and its family of brands today announced securing an additional debt facility to expand its growing platform and support its evolution. The transaction, which closed on September 27 with Webster Bank, brings the total amount of capital raised in the last 12 months to $250 million. Established in October 2019 with just six locations, Endo1 Partners has significantly consolidated its presence in its core markets and expanded its position in over 15 new markets during its first two years in operation. Today, Endo1 Partners is the largest and fastest-growing group dedicated specifically to supporting dental surgical specialists—partnering with 85 practices and 130 specialists across the country.
The American Dental Association is mobilizing its 162,000 members to fight a proposal to include dental coverage for all Medicare recipients, opposition that could prove pivotal as Democrats look to make cuts in their $3.5 trillion domestic policy agenda. Giving dental, vision and hearing benefits to the 60 million older and disabled Americans covered by Medicare will provide needed care to people who otherwise might not afford it, supporters say. The ADA contends that Medicare won’t reimburse enough to cover their costs and is pushing an alternative plan that would limit benefits to the poorest Medicare recipients. It is asking members to contact lawmakers in opposition.
Smile Brands Inc., one of the nation’s leading dental support organizations (DSO) providing business support services to nearly 700 affiliated offices across 30 states, is pleased to announce its latest partnership with Rose Family Dentistry in Las Vegas, Nevada. Dr. Craig Rose founded Rose Family Dentistry in 1998 with the goal of bringing healthy, beautiful smiles to patients of all ages. Today, Dr. Rose leads a staff of eight from their growing Las Vegas location, which provides general, preventative and restorative dental care, specialty care, cosmetic dentistry, and emergency services.
Salt Creek Capital has sold dental equipment manufacturer Boyd Industries to the company’s CEO Adrian LaTrace. Founded in 1957, Boyd designs and manufactures operatory equipment, patient chairs, clinical cabinetry and more.
A quarter of dentists nationwide offer memberships, according to a 2021 survey of 70,000 dentists by the American Dental Association. These in-office plans are largely targeted to the 65 million Americans who lack dental insurance and have to pay out-of-pocket for all their care. Dentists also like the plans better than handling insurance plans because they don’t have to deal with insurers’ heavily discounted reimbursement rates, waits to get preapprovals to provide services and delays in getting their claims paid. Lack of dental coverage contributes to the delaying or forgoing of dental care by 1 in 4 adults, according to a KFF analysis of a 2019 national survey.
U.S. Oral Surgery Management (USOSM) – a specialty management services company that exclusively serves premier oral and maxillofacial surgeons – is pleased to announce a partnership with Hilton Head Oral & Maxillofacial Surgery, which has locations in Hilton Head and Bluffton, South Carolina. “The Hilton Head Oral & Maxillofacial Surgery team is led by Dr. Brian Low, an exceptionally skilled, experienced and compassionate oral and maxillofacial surgeon. His team is well known in the Hilton Head and Bluffton communities for their dedication to patient care and clinical excellence, values that we look for in all of our partner practices,” said Richard Hall, USOSM president and CEO.
Imagen Dental Partners, one of the fastest-growing DPOs in the country, has expanded into its eighth state, California, welcoming Scripps Rock Dental and Schaffer Dental Excellence. “We’re delighted to welcome two practices operating at the top of their game to join us at Imagen, enabling us to expand into our eighth state,” says Andrew Jones, Chief Development Officer at Imagen. Imagen will continue its rapid expansion throughout 2021 into 2022, including plans to partner with practices in Texas, Ohio, Florida, Michigan, Western Kentucky and Northern Indiana.
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