Plymouth Meeting, Pa.-based Mid-Atlantic Dental Partners will acquire Birner Dental Management Services.
Here are five things to know:
1. The dental service organization agreed to acquire Birner Dental Management Services' outstanding shares for $10.62.
2. The total consideration payable to Birner Dental Management Services shareholders represents a 105 percent premium to the company's $5.25 closing share price.
3. Birner Dental Management Services shareholders will receive up to $10.75 per share in total cash considerations.
4. Founded in 1995, Birner Dental Management Services operates under the Perfect Teeth brand. The company serves more than 100 dentists throughout Colorado, Arizona and New Mexico.
5. Mid-Atlantic Dental Partners was founded in 2016. With the acquisition, the DSO anticipates its annual revenues to exceed $100 million.
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Here are five things to know:
1. The dental service organization agreed to acquire Birner Dental Management Services' outstanding shares for $10.62.
2. The total consideration payable to Birner Dental Management Services shareholders represents a 105 percent premium to the company's $5.25 closing share price.
3. Birner Dental Management Services shareholders will receive up to $10.75 per share in total cash considerations.
4. Founded in 1995, Birner Dental Management Services operates under the Perfect Teeth brand. The company serves more than 100 dentists throughout Colorado, Arizona and New Mexico.
5. Mid-Atlantic Dental Partners was founded in 2016. With the acquisition, the DSO anticipates its annual revenues to exceed $100 million.
More articles on DSO + DPMs:
700-practice DSO Aspen Dental hires chief legal officer: 5 details
PE firm invests in dental group to form new DSO: 3 things to know
Heartland Dental welcomes 62 new practices year-to-date, 16 practices in September