Private equity firm, Evolution Capital Partners LLC, has announced its latest growth investment, Empire Dental Arts. Established in 2017 and headquartered in Mentor, Ohio, Empire is a dental partnership organization (DPO) that provides operational support and services to a network of dental practices in Northeast Ohio.
The northeast Ohio focused dental group was founded by Dr. D. Todd Russell, who uses the term DPO to explain an enhanced shared services model that is both dentist centric and patient focused. Dr. Russell’s vision includes strengthening the doctor/patient relationship.
Dr. Russell has owned and partnered with multiple dental practices, most recently selling to Merit Dental Group, a dental service organization. He is a proud graduate of the University of Mount Union, class of 1990. He received his dental degree from the University of Buffalo Dental School and completed his residency at MetroHealth Medical Center in Cleveland, Ohio. Having lectured nationally on sports dentistry, he also serves as the team dentist for Cleveland Monsters and has been involved in pro-sports dentistry for 13 years.
Vimal Bhatnagar, who is the dental group’s COO, is a graduate of Case Western Reserve University and has his law degree from The Cleveland-Marshall College of Law. He has held operational leadership positions at several multi-unit Dental Service Organizations in Colorado and Northeast Ohio over the past 10 years. Bhatnagar worked for DentalOne Partners as the Director of Market Operations from 2016-2018, and has lead revenue growth through patient experience measures, operational efficiencies and employee engagement.
Empire Dental Arts’ affiliated practices are Mentor Dental Arts, Eastlake Dental Arts, Richmond Heights Dental Arts, and Center Street Dental Arts. All are located in Ohio. Click here for more detailed location information.
“Partnering with Evolution will enable the next phase of our expansion plan. We are excited about the opportunity to establish a small-scale, patient-focused dental partnership organization in Northeast Ohio, starting with our existing four practices through which we have validated our operational best practices.” -Dr. Russell, CEO & Chief Clinical Officer, Empire Dental Arts
Evolution Capital Partners is a small-business private equity fund that invests capital nationwide in growing micro-market companies generating at least $500,000 of EBITDA. This is the first investment of Evolution’s Fund IV.
“We are excited to partner with an accomplished business professional and dental practitioner as he leads a more patient-focused model that we believe will resonate with retiring dentists, patients and new associate dentists seeking to provide their community with excellent dental care.” -Jeffrey Kadlic, Evolution’s founding partner
Since 2005, Evolution has specialized in helping entrepreneurial businesses transform into professionally run organizations by providing a strong foundation for profitable growth through its Five Fundamental methodology. As a team of investors, partners and employees, their primary passion and motivation is to inspire entrepreneurs and their small businesses to grow and thrive under any economic circumstances.
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