Houston-based Endo1 Partners, an endodontic partnership organization, has closed $115 million of debt facilities, with Waterbury, Conn.-based Webster Bank arranging the senior facility.
The transactions, which closed March 24, will let Endo1 accelerate growth in new markets and strengthen its position in existing markets.
The closing of the debt facilities comes on the heels of Endo1's most successful fiscal year. In 2020, the company formed new partnerships with 31 endodontic practices, added 53 new endodontists to its platform and expanded into six new states.
"We are building off the momentum of 2020. Our goal is to add 50 locations to our network in 2021," Daryl Dudum, DDS, co-founder and co-CEO of Endo1 Partners, said in a March 24 news release sent to Becker's. "This transaction gives us the flexibility and resources to make that happen."
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