DSO Deal Roundup – July 2024

DSO

Group Dentistry Now (GDN) is the only resource providing a complete list of monthly DSO deals in one convenient place, keeping you informed on the ever-shifting dental landscape.  Subscribe today so you don’t miss this valuable article each month!

Here is GDN’s exclusive list of DSO and emerging group M&A for July:

TUSK Practice Sales advised Tindall Orthodontics in its affiliation with Southern Orthodontic Partners, a portfolio company of Shore Capital Partners. The transaction was led by Kevin Sauer, Director of Mergers & Acquisitions at TUSK. Alex Cherniavsky and Sam Lupton. Under the leadership of Dr. Mark Tindall, Tindall Orthodontics is an orthodontic practice in the greater Manhattan, Kansas area. Tindall Orthodontics has provided orthodontic care to surrounding communities for over 19 years.


Specialized Dental Partners welcomed these new partners:


Heartland Dental announced these new affiliated practices:

Additionally, Heartland opened three de novo locations:


Taft Hill Orthodontics announced its new office in Longmont, CO, led by Dr. T. C. Hardy. The facility offers services such as braces, Invisalign, and dentures.


Ascend Dental Alliance has added a new partner in Salem, Oregon.


Shore Capital Partners announced the founding of Innovate 32 and a partnership with Dr. Clint Newman. Innovate 32, headquartered in Nashville, TN, is led by Josh Johnson, CEO, John Hazen, Director of Business Development, and Peter Bilan, SVP, Finance. Read more: New Nashville DSO, Innovate32, Launches with Ambitious Expansion Plans.


Dental 365 closed on practices in 3 states on the same day. The acquisitions encompass two locations in New Jersey, one being The Art of Dentistry in Somerset. They also opened one in Pennsylvania and one in New York. Dental365 now totals 71 offices in New York, 25 offices in New Jersey and 13 offices in PA. Across their full network of locations they now total 134 practices across 7 states.


BeBright has welcomed Expedition Pediatric Dentistry & Orthodontics. Their team provides care for children of all ages. Expedition has three locations in Springfield, MO, Republic, MO and Nixa, MO.


MB2 Dental announced results of its first half of 2024 business performance.  They have 700+ total practices, 700+ total practice owners, 1,500+ total doctors, more than 1.2 million total patients served, 10,500 + employees, and are in 42 states. So far, in 2024 they have added practices to South Carolina, Vermont, and West Virginia.

MB2 Dental introduced four new practices and welcomed three doctor partners across three states in the month of July, bringing their 2024 total practice count to 70:
  • Brookwood Dentistry in Snellville, GA, Acquisition
  • Bethlehem Dentistry in Bethlehem, GA, Acquisition
  • Aesthetic Family of Bel Air in Bel Air, MD, Acquisition
  • Castlebury Dental in Eagle, ID, Acquisition

In February 2024, MB2 Dental closed a $2.3 billion unitranche debt financing arrangement, adding funding power for future acquisitions and growth. This credit facility allows the company to nimbly pursue strategic opportunities and enhance its operations.

To support its increasing network of doctor partners and practices, the company continues to grow its footprint both in terms of facilities and central services headcount. In early 2024, MB2 added a second 16,000-square-foot building and has plans to add a third 16,280-square-foot location to its Carrollton, Texas headquarters.


GPS Dental has stepped into their 24th state, New Jersey, and the growing group has also welcomed 5 new practices:


The Smilist announced the affiliation of 23 practices among the Simply Beautiful Smiles footprint, a DSO operating in New JerseyPennsylvaniaNew York and Maryland. Simply Beautiful Smiles (SBS), founded by veteran dentist Dr. Louis D’Angelo, began with a single office in 2000.


Providence Dental Partners, a DPO, announced a new partnership with Inspire Dental with locations in Sandy Springs, Roswell, and Alpharetta in the greater Atlanta Metro Area. Dr. Aaron Larsen founded Inspire Dental. Providence Dental Partners’ network now consists of seven practices across Georgia. Phil Cassis is the co-founder and CEO of Providence Dental Partners.


The Mortenson Family Dental Frankfort location recently had their ribbon-cutting ceremony for the new office.


Allied OMS has partnered with Phoenix Oral & Facial Surgery, an OMS practice that has been providing oral and facial surgical care to patients across the Greater Phoenix area for more than 30 years. They have welcomed Dr. Alexander Kim and his team at Pheonix Oral & Facial Surgery.


PDS Health added six new dental practices in July. They also donated their Mobile Dental Clinic to the High Point University (HPU) Workman School of Dental Medicine. The Henderson, Nev.-based DSO added a total of 22 practices during the first half of 2024. As one of the largest DSOs in the U.S., PDS Health supports over 1,000 offices in 24 states.

PDS Health’s new locations:


Stirling’s Platt & Common, a 163-year-old dental clinic has been acquired by a Scottish group. It is the 22nd clinic owned by Scottish Dental Care. Platt & Common was established by Leon Platt, Central Scotland’s first resident dentist, and is based in a city center Victorian villa. More recently it has been led by John and Jennifer Denham, who say the clinic will continue to serve its 13,500 patients under new ownership. Scottish Dental Care is owned by brothers and founders Philip and Christopher Friel. It now consists of 86 dentists and employs more than 180 team members, serving around 200,000 patients, with most clinics offering NHS services alongside private care and dental plans.


Ladd Dental Group’s newly acquired Huntington location gathered to honor dentist Dr. James Hughes on Saturday, June 29.  They held a retirement party for Dr. Hughes, who has been serving the Huntington community for 34 years.   The retirement party for Hughes also doubled as a welcome party for the office’s new dentist, Dr. Kevin Deakyne. Deakyne has been with Ladd Dental now for three years. He started in Warren 29 years ago.


Blashford Dentistry has announced its rebranding to Premier Dental of Carlisle, PA. The rebranding initiative is spearheaded by Dr. Dane Kyle, DMD, a dentist who earned his dental degree from Temple University School of Dentistry. Alongside this rebrand, the practice has launched a new website on July 10, 2024.


UK-based Kingston Crescent Dental and Northern Dental suddenly close as Astradent Group goes into administrationAstradent Dental Group now operates six dental practices across Hampshire and the Isle of Wight, including Kingston Crescent Dental and Northern Dental, both of which are in Portsmouth. The group held NHS dental contracts at four of these sites including the two in the city as well as two in Southampton. As a result of the group going into administration, the four practices have been closed and NHS for Hampshire and the Isle of Wight has been trying to establish the next steps.


DSOThe DSO Deal RoundUp is sponsored by TUSK Practice Sales, the premier M&A Advisor for healthcare practices looking to maximize their value in a sale. With an in-depth understanding of the marketplace, collective experience of over 125+ years, and access to hundreds of buyers nationwide, TUSK helps their clients confidently pursue M&A transactions that maximize their long-term value. They offer their clients solutions that help them achieve their strategic and financial objectives. If you’re interested in knowing the true value of your practice, click here for a complimentary practice valuation.


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