1. Irvine, Calif.-based Smile Brands has 5,000 employees and over 425 affiliated locations across 17 states in the U.S., according to its website.
2. The organization was founded in 1998 by a management team that included CEO Steve Bilt and CFO Brad Schmidt.
3. Major challenges DSOs face include lowering costs to serve and expanding services both geographically and vertically, Mr. Bilt told Becker’s in October.
4. Smile Brands provides affiliated practices with purchasing, payroll, accounting, IT, billing, facilities management and marketing support. The offices are operated by existing staff.
5. Smile Brands’ primary equity sponsor is Gryphon Investors, a private equity investment firm that invests in physician-centric healthcare businesses, among other industries.
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