Dental

Provident Perspective– 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.

Q4-2016 Dental Services Update– Dental practice management organizations continued strong consolidation initiatives in the fourth quarter of 2016. Pediatric and general dental practices, and their management and service organization counterparts, continue to raise private equity capital and partner with private equity-backed strategic acquirers to build scale and infrastructure that are crucial to success in the evolving landscape of healthcare services in the United States.

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.

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