Q4-2017 Dental Services Update– Transaction volume and merger & acquisition activity remained heightened throughout the fourth quarter of 2017 within the dental services sector.

Provident Perspectives– Dental is a sector that has long been a favorite of the private equity community. Consolidation within the sector has continued unabated for 20 years driven by favorable growth dynamics and continued market fragmentation.

Q3-2017 Dental Services Update– Merger & acquisition activity within the dental sector remained elevated during the third quarter of 2017. Consolidators remained active in acquiring add-on acquisitions to their platforms, while several new private equity platforms emerged.

Q2-2017 Dental Services Update– The private equity community continued to drive consolidation within the dental services sector during the second quarter of 2017. The quarter was marked by several new private equity platforms emerging, and current private equity-backed platforms accelerating growth through add-on acquisitions.

Q1-2017 Dental Services Update– Consolidation within the dental practice segment continues to be driven by private equity firms – given the number of investors seeking platforms and bolt-on acquisitions, competition remains high for groups with size and scale.

Deal Announcement– Webster Capital has made an investment in HQRC Management Services (HQRC). HQRC provides pediatric dental care throughout offices in New York and New Jersey. The Company is a leader in pediatric dentistry within this market.

Transaction Advisory – Baystate Dental, PC (Baystate) has completed a recapitalization with North East Dental Management (NEDM), a portfolio company of Sentinel Capital Partners (Sentinel).

Transaction Advisory – Audax Group announced it has completed the acquisition of Great Expressions Dental Centers (“GEDC”) from Dr. Walter Knysz, who founded the company in 1982. Headquartered in Bloomfield Hills, Michigan, with 98 affiliated practices in Michigan, Georgia, Florida, Massachusetts, Ohio, Virginia and Connecticut, GEDC is a dental practice management company providing services to professional corporations in general and specialty services including endodontics, orthodontics, oral surgery, pedodontics, and periodontics.

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”