DSO Plans Expansion into Southern New Jersey, Baltimore, Washington, D.C.
Mid-Atlantic Dental Service Holdings LLC, operating as Mid-Atlantic Dental Partners, a dental support organization dedicated to improving the delivery of dental services for dentists and their patients, announced today that it has signed equity commitments for up to $12.5 million in growth equity led by S.C. Goldman and Company, LLC. Since the company’s launch in March of 2016, Mid-Atlantic Dental Partners has performed significantly ahead of its business plan, with eight existing offices, and seven new offices in the process of closing. The additional equity will be used to expand their successful model into the South Jersey, Baltimore, and D.C. suburbs.
“Our unique partnership model, where selling dentists retain a portion of the ownership of the company and build personal wealth over time, has proven to be an overwhelming success,” said Mitchell Goldman, Chief Executive Officer of Mid-Atlantic Dental Partners. “In our first year we partnered with eight dental practices in Pennsylvania and Maryland, and are now looking to expand our footprint and bring this partnership model to dentists in the southern New Jersey, Baltimore, and Washington, D.C. communities. By the end of 2017 we anticipate 15 practice partnerships and $20 million in run-rate revenue.”
Mid-Atlantic Dental Partners offers dentists a new DSO model that supports dental professionals by providing marketing, financial, practice information and other business services so dentists can focus on delivering the highest quality care to their patients.
The success of Mid-Atlantic Dental is due in part to the consistent growth of the U.S. dental care industry, driven largely by the aging Baby Boomer population, paired with an increasing number of dentists looking to reduce practice administrative burdens. These factors have positioned Mid-Atlantic Dental’s partnership model as a win-win solution.
About Mid-Atlantic Dental Partners
Founded in 2016, Mid-Atlantic Dental Partners is a dental support organization dedicated to improving the delivery of dental care. By providing dentists with financial management, marketing and technology services, Mid-Atlantic Dental alleviates administrative burdens and allows dentists to focus on their patients. For more information, visit www.mid-atlanticdental.com
About S.C. Goldman & Company, LLC
Founded in 2011, S.C. Goldman & Company is a family partnership which acquires North America-based middle-market companies with leading market positions in healthcare, services, and industrials. The firm’s permanent capital structure allows for efficient decision making and real-time flexibility to structure transactions. Through partnership with its management teams, S.C. Goldman aims to create long-term partnerships capable of building enduring value, for both shareholders and their employees.