Dental Care Alliance Expands into Rhode Island
On October 30, Dental Care Alliance (DCA) announced it made its first acquisition in Rhode Island by acquiring Hodosh Cosmetic & Implant Dentistry. Hodosh Cosmetic & Implant Dentistry is two-doctor general dentistry practice located in Providence. The practice offers a full range of dental services, including general and emergency dentistry, implants, root canal treatment, Invisalign, periodontal treatment, full mouth reconstruction and CEREC restorations. DCA is a portfolio company of private equity firm Harvest Partners. Founded in 1991 and headquartered in Sarasota, Florida, DCA is a multi-branded dental support organization with more than 400 affiliated dental... Read More »
Akumin Files for Bankruptcy to Eliminate $470 Million in Debt
Radiology provider Akumin announced that it has filed for Chapter 11 bankruptcy protection in a bid to eliminate a debt of $470 million, as reported by Radiology Business. Akumin’s approach is to convert this debt into common shares of the company’s stock, which will be owned by their lender, Stonepeak. As part of this restructuring, Akumin will transition from a publicly traded entity to a privately held company, bolstered by an infusion of $130 million in new investment from Stonepeak. The decision marks the conclusion of a period of financial turmoil for Akumin, which saw the value of its stock plummet by more than 80% in the past year. This crisis was exacerbated by... Read More »
Pearl Street Dental Partners Expands Deeper into Texas
Pearl Street Dental Partners, backed by private equity firm SkyKnight Capital, announced on October 24 that it acquired two dental practices in Texas. Brush Dentistry operates in Saginaw, Texas and Derby Dental is based in Austin, Texas. Each practice has two physicians on staff. Pearl Street Dental Partners is a private dental services organization that is based in Dallas, Texas. Pearl Street Dental operates more than 35 practices across Texas and Oklahoma. Its network includes more than 80 dentists and 500 team members. This is Pearl Street Dental’s first acquisition of the year, as well as its first since it was bought by SkyNight Capital in 2022. The... Read More »
MyTown Health Partners Expands in Texas
MyTown Health Partners (MTHP) announced its acquisition of South Padre Island Pediatrics Center. South Padre Island Pediatrics Center provides pediatric care out of four Texas locations; Corpus Christi, Sinton, Aransas Pass and Mathis. According to its website, the practice is run by three providers. MTHP is a practice management services organization headquartered in Pittsburgh. MyTown Health Partners is bringing together national leaders in the rural and urban healthcare space with the goal of providing accessible healthcare treatment to underserved communities. It was formed by Webster Equity Partners. This transaction expands MyTown Health Partners’ presence in... Read More »
Specialized Dental Partners Acquires Five Endodontics Practices
Specialized Dental Partners, formally known as US Endo Partners, announced its acquisition of five endodontic practices. The practices were Novick Endodontics in Charlotte, North Carolina; Vancouver, Washington-based Salmon Creek Endodontics; Signature Endodontics in Rancho Santa Margarita, California; Coastal Endodontics, based in Georgetown and Murrells Inlet, South Carolina; and Colorado Springs-based Southern Colorado Endodontics. The financial terms were not disclosed. Backed by Quad-C Management, Specialized Dental Partners is a doctor-led, doctor-driven specialty dental service organization. The company is affiliated with and supports practices in 33 states. This... Read More »Schedule a demo
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