Dallas-based MB2 Dental added its 300th affiliated practice and, separately, also entered its 30th state.
The dental partnership organization closed its 300th affiliation with Adrian Huang, DMD, and Preston Huang, DDS, owners of Ninth East Dental and Canyon Road Dental, both in Provo, Utah.
Additionally, MB2 entered its 30th state, partnering with Maryland dentist Joseph LaPonzina, DDS.
In January, the organization announced its partnership with Charlesbank Capital Partners, a private equity firm based in Boston and New York. A total of 300 dentists and employees chose to invest a total of $255 million alongside Charlesbank. The investment will provide additional liquidity and financial support to fuel growth. From the proceeds of this recapitalization, 98 MB2 dentists received more than $1 million each.
In 2017, MB2 Dental partnered with New York City-based Sentinel Capital Partners and grew from 85 affiliated practices to 275. In February, Sentinel announced that it had sold MB2.