Dynamic Dental Partners Group Acquires Personal Dental Care
RICHMOND, Va. – January 23, 2014 – Dynamic Dental Partners Group (DDPG), a leading dental services organization (DSO) announced today the acquisition of Personal Dental Care (PDC), a Richmond, Va.-based full-service dental practice. The terms of the deal were not disclosed.
This transaction marks the first deal for Sarasota, Fla.-based DDPG since receiving an equity investment from Huron Capital Partners last July. Concurrent with forming its partnership with Huron Capital, DDPG expanded into the Virginia market with the acquisition of KLR Management, a multi-location full-service dentist group. With its latest expansion, DDPG will provide operational support to a network of 32 dental practices located in Florida, Arizona and Virginia.
“We are excited about the addition of PDC to our team. This group has built a successful practice that is aligned with DDPG’s philosophy, making the two teams a natural fit,” said Dr. Alex A. Giannini, DDPG’s CEO. “Together, we are building a larger and stronger dental company that shares a commitment to operational and clinical excellence. This acquisition will position the company to grow and provide greater value to its team members and patients.”
Established in 1985, PDC provides full-service general and cosmetic dentistry services specializing in orthodontics, Invisalign, Six Month Smiles and Fast Braces.
“My husband and I have been a part of this community for nearly 30 years. This opportunity gives us the added resources needed to continue to grow and better serve our patients and the surrounding region,” said Dr. Renae Roelofs, PDC co-founder.
About Dynamic Dental Partners Group
Dynamic Dental Partners Group (DDPG) is a dental service organization that was formed by dental industry veterans to partner with independent dentists. The Company provides clinical training, operational management support as well as centralized back-office services to a network of 32 dental practices in Florida, Arizona and Virginia. DDPG’s operational expertise and professional management skills enable clinicians to devote more attention to practicing dentistry, to facilitate improved patient outcomes and improved performance through more efficient management. DDPG strives to maximize the integration of patient relationships, dental technologies and modern business efficiencies in a family-oriented practice environment. For more information, please visit www.ddpgroups.com.
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.