Last week, private equity-backed Access Dental Management LLC announced that two new dental practices will be joining its network, Optim Dental and Vogue Dental (collectively, Optim Dental). Optim Dental is a multi-million dollar dentistry operation and has built up a growing network of five large dentistry practices throughout North Central Illinois, along with a sixth location in Indiana. The group serves patients with personalized dental treatment and advanced professional care.
The deal is valued at around $10 million. The transaction marks Access Dental’s entry into the Illinois and Indiana markets and constitutes the fourth add-on acquisition closed by the organization so far in 2021.
Access Dental is backed by Surge Private Equity LLC, which acquired a majority stake in the company back in 2019 for $30 million. The deal also included Lacosta Dental, a part of Access Dental, which at the time operated five practices in the Austin, Texas area.
Corbel Capital Partners provided debt financing in the deal for Optim Dental.
