HGGC has made an investment in dental services organization (DSO) Dentive. Terms of the deal were not disclosed.
Provo, Utah-based Dentive has grown to nearly 70 locations across nine states. All of Dentive’s partner practices have joined the company via referral.
Based in Palo Alto, California, HGGC is a middle-market private equity firm with more than $6.8 billion of cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 500 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of more than $68 billion.
According to data captured from the LevinPro HC database, this acquisition represents the first DSO deal of 2023. There were 17 DSO transactions reported in 2022.
