Here are six DSOs that have gained new investments this year to fuel growth and establish a better financial standing:
1. Detroit-based Motor City Dental Partners received financing from Brightwood Capital Advisors, a private credit firm. The funding will be used by MCDP to refinance its existing debt, fund acquisitions, and strengthen its balance sheet.
2. Great Hill Partners acquired a majority interest in Blue Cloud Pediatric Surgery Centers, a dental ASC chain. The private equity firm acquired its stake from The Rise Fund.
3. Comvest Credit Partners announced it is acting as an administrative agent on a $245 million senior secured credit facility for Southlake, Texas-based Allied OMS. Allied OMS will use the credit facility to refinance its existing debt and support future growth initiatives. Allied OMS also received a minority investment in June to expand its service offerings, complete acquisitions and scale operations. Global investment firm 65 Equity Partners led the transaction, with a co-investment from private capital investment firm Everberg Capital.
4. Cumming, Ga.-based OMS360 secured a new credit facility which includes a revolving credit facility and a delayed draw term loan. The credit facility was provided by TPG Twin Brook Capital Partners.
5. Hackensack, N.J.-based Max Surgical Specialty Management secured a $77 million senior credit facility to fuel the company’s growth and expansion. With the additional funding, the oral and maxillofacial platform will focus on forming new partnerships throughout the Northeast.
6. Dana Point, Calif.-based Silver Creek Dental Partners closed a debt financing agreement with Ivy Asset Group, a private credit firm. The financing will support the DSO’s investments in its affiliated practices and continued expansion in California.
