The Inc. 5000 annual list of America’s fastest-growing privately held companies for 2020 has been released and there are 34 dental-related companies on the list this year. Out of those 34, 18 are dental care providers with a mix of DSOs, single location dental practices, and dental group practices.
Below, we included not only DSOs, single location dental practices, and dental group practices, but other dental related companies that dentists may partner with for services and/or products. (Note: Inc. 5000 no longer includes revenue information on their list.)
Companies on the 2020 Inc. 5000 are ranked according to percentage revenue growth from 2016 to 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2019. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. Inc. reserves the right to decline applicants for subjective reasons.
In 1982, Inc. introduced the Inc. 500 list of the fastest-growing privately held companies in the United States. Since then, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success and the place where future household names first make their mark. Pandora, 7 Eleven, Toys ‘R’ Us, Zipcar, Zappos.com and numerous other well-known brands have been honored by the Inc. 5000. In 2007, the Inc. 500 list expanded to the Inc. 5000, giving readers a deeper, richer understanding of the entrepreneurial landscape and capturing a broader spectrum of success.
Today, the list is a distinguished editorial award, a celebration of innovation, a network of entrepreneurial leaders, and an effective public relations showcase. The Inc. 5000 ranks companies by overall revenue growth over a three-year period. All 5,000 honoree companies are individually profiled on Inc.com. The top 500 are featured in the September 2020 issue of Inc. Magazine, the leading entrepreneurial advocate for 38 years running. Inc. also ranks the fastest-growing companies by industry, metro area, revenue, and number of employees, and also highlights women and minority run companies.
Companies are ranked according to the percentage growth of their annual revenue over a three-year period. To assess this they ask for a company’s base year and recent year revenues. This gives a three-year growth period.
Note: DSOs, dental group practices and dental practices are marked with an asterisk*
|248||1,789%||Business Products/Svcs||Colorado||Colorado Springs|
|747||637%||Advertising & Marketing||Florida||West Palm Beach|
|1638||262%||Health||South Carolina||Fort Mill|
|3139||122%||Health||California||Rancho Palos Verdes|
|4251||Shoreline Dental Studio||79%||Health||California||San Clemente|
|4458||High Point Dentistry*||72%||Health||Illinois||Elgin|
|4829||Bela Family Dentistry*||59%||Health||Illinois||Elgin|
A brief glimpse at the DSOs, dental group practices, and fast-growing single location dental practices featured on the list:
Apex Dental Partners, which was featured on Group Dentistry Now’s Emerging Dental Groups to Watch in 2019 list, has an intense commitment to building long-term patient relationships and delivering continuity of care. Started in 2014, Apex believes doctor quality is their biggest differentiator. A key success has been their phenomenal support team that provides world-class business expertise to their network of affiliated practices, which they credit as a tremendous asset in their rapid growth. With locations in Dallas, Oklahoma City and Tulsa, Apex’s long-term growth plan for the next five years is continued market expansion into cities where they believe the practice and patient demographics align with their model. This is Apex’s second time to make the Inc. 5000 list.
Spring Dental, led by Mike McInelly, has ten Oklahoma locations. Founded in 2004, culture is paramount to the DSO as they create an upbeat, challenging, and friendly environment in which to work. Providing general, restorative, cosmetic, and orthodontic dental services, walk-ins are always welcome, and community service is an important part of the growing group. This is their second consecutive year on the Inc. 5000 list.
Smiles West Dental & Braces, founded by Dr. Barouir (Barry) Deirmenjian in 1996 with one location, the group currently has 16 locations throughout California. Featured on Group Dentistry Now’s Emerging Dental Groups to Watch in 2020 list, they are growing rapidly. A privately solo owned DSO self-funded by the CEO without any financial sponsors or PE backing, they are compassionate to the dental provider, while understanding the business necessities of the company, all the while providing multi specialty dental services to the community regardless of payor type or economic situation. Smiles West’s goal is to create a healthy multi specialty dental opportunity for all communities through access and acceptance of all insurances, while providing an amazing and unique environment regardless of economic background. Their growth is a amalgamation of key acquisitions/mergers and strategic startups.
Kids First Dental implements pediatric dentistry at its locations throughout South Carolina to the underserved areas of the state and to underprivileged children. Founded in 2009, it is led by Robert Ellis and headquartered in Fort Mill, South Carolina. The staff is bilingual, speaking both Spanish and English. The group has six locations. This is the second time they have been featured on the Inc. 5000 list.
Affinity Dental Management, founded in 2017 by an endodontist, Dr. Craig Saltzman, was featured on Group Dentistry Now’s Emerging Dental Groups to Watch in 2019 list and on The Group Dentistry Now Show: The Voice of the DSO Industry podcast to talk about their DSO’s integration strategies and share some of their secrets of success. The platform has grown from a few endodontic locations into a multispecialty DSO. They have found that specialty locations lend themselves well to centralization because of the limited number of services that they are providing in relation to a general dentist office. They acquired Concerned Dental Care in early 2020 and now have 37 offices, 83 clinicians and employ 400 people across Massachusetts, Connecticut, Vermont, and New York. This is their second consecutive year on the Inc. 5000 list. Concerned Dental Care was also on Group Dentistry Now’s Emerging Dental Groups to Watch in 2019 list.
MB2 Dental offers financial planning and consulting services to dentists with the aim of helping its clients maintain and grow businesses. MB2 calls their platform a DPO, Dental Partnership Organization. MB2 was recently featured on the Group Dentistry Now DSO Study Club Webinar: M&A and Practice Valuations Post-COVID 19. They partner with practices in 16 American states, including: Alaska, Arkansas, Arizona, Colorado, Connecticut, Florida, Kansas, Louisiana, Missouri, New Mexico, Oklahoma, Tennessee, and Texas. Currently they have over 200 practices. The DSO was founded in 2007 by Dr. Chris Steven Villanueva and has been on the Inc. 5000 list once before.
Peak Dental Services was founded in 2008 by a dentist from small-town Minnesota, Dr. Douglas Peak, and his son A.J. Peak. The DSO is headquartered in Colorado Springs, Colorado and has locations in Colorado, Arizona, Nevada, New Mexico, Oregon, Texas, Utah, and Washington. Valuing their people and training systems, they offer over 125 hours of continuing education for every team member in a dental office. This is the fourth consecutive year the group as been featured on the Inc. 5000 list.
1st Choice Dental Care offers full-service dental care at two locations to its clients in Georgia. Founded in 2011 by Kelly Vaughn, the dental group which is headquartered in Woodstock, Georgia, handles everything from emergency care to full arch reconstruction.
Simply Dental Management, which is headquartered in Hopkinton, MA, has 30 practices in the New England area. The group was founded in 2005 by an orthodontist, Dr. Sam Alkhoury. Dr. Alkoury was recently featured as a panelist on a Dental Trade Alliance webinar hosted by GDN’s Bill Neumann. You can watch the recording of the webinar – HERE. Simply Dental Management is known for providing compassionate care to their patients in over 30 practices in the New England area. The DSO has grown at an impressive rate due to their commitment to four core values: honesty, integrity, sincerity and teamwork. This is their second consecutive year on the Inc. 5000 list.
Smilepoint PLLC was founded in 2012 by Abhinav Rastogi. The DSO currently has 18 Texas locations with another six locations opening soon. This rapidly expanding dental group also plans to open offices in other states. They strongly believe that their success is driven by the success of their employees. This is their third consecutive year on the Inc. 5000 list.
Lollipop Pediatric Dentistry & Sweet Smiles Modern Orthodontics was founded by pediatric dentist Dr. Mary Pham in 2012. With three Orange County, California locations, The practice receives even the most challenging referrals from other dentists. The state-of -the-art dental group practice was created to provide pediatric and orthodontic dental care in a warm, fun, and friendly atmosphere.
Children’s Dental Management is dedicated to expanding access to quality dental care for children. Headquartered in West Chester, Pennsylvania and led by Michael O’Donnell, the group was founded in 2016. The DSO supports three brands with more than 33 locations across Delaware, Pennsylvania and New Jersey. They are positioned well for growth, and will soon be expanding further across New Jersey, as well as into Maryland, Ohio, and Virginia.
Forest Family Dentistry PLLC was founded in 2013 and is led by Robin Bethell. Headquartered in Austin, Texas, the emerging dental group has four Austin and Round Rock, Texas locations. Providing a range of dental services, the group aims to progress dentistry through technology, transparency and doctor authenticity.
Cal Dental USA provides orthodontist and other dental services to patients at nine offices in California. Led by Terrill Jones, the group was founded in 2015 and is headquartered in Rancho Palos Verdes, California.
Mint Condition Dental is led by Marshall Gibbs and was founded in 2014 in Spokane, Washington. With four locations across Eastern Washington, the dental group is a locally and family-owned, full-service, state-of-the-art dental practice offering dental services for the whole family. They pride themselves in being a one-stop solution for dental care offering a wide range of general, cosmetic, restorative, and specialty dentistry services for adults, teenagers, kids, and infants, starting at six months of age.
DDS Partners Management runs two dentist offices in Richmond and Missouri City, Texas to serve patients throughout the Fort Bend County area of Texas. The group was founded in 1987 and is led by Dwight Peccora. They believe dental care should be accessible and affordable to everyone, and if a patient does not have insurance, they offer their own dental membership plan.
High Point Dentistry is a growing dental group located in Elgin, Illinois and serves the Chicago suburbs. Founded in 2009 by a third generation dentist, Dr. Vu Kong, the group offers affordable dental care. They have three locations and are open six days a week.
Bela Family Dentistry, located in Chapin, South Carolina, is led by Dr. Matthew Cook. Founded in 2015, the group has eight locations in South Carolina and one in Augusta, Georgia. The offices offer a warm, inviting atmosphere designed to feel like a luxurious living room. The pride themselves on offering a ‘Ritz Carlton’ experience every visit and at every location. They never leave patients sitting alone; patients are introduced to a new member of their team at each phase of the visit.
[(Recent Yearly revenue – Base Year revenue) / Base Year revenue] x 100 = total growth percentage
For example, if 2016 revenue was $3 million and 2019 revenue is $15 million:
$15 million – $3 million = $12 million
12,000,000 / 3,000,000 = 4
4 x 100 = 400
Growth rate is 400 percent.
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