Dallas-based MB2 Dental plans to hit 600 practices by the end of the summer.
MB2 Dental announced the upcoming milestone in a July 13 recap of its growth so far this year. The company added 70 new partner practices and three de novo locations during the first half of 2023. It now supports 575 practices and more than 1,100 physicians.
Here is how the company has grown in the last few years as it nears the 600th office mark:
2019
- MB2 Dental announced in December it purchased Phoenix-based CORE Dental Partners.
- The company celebrated its most successful fiscal year to date, adding 79 affiliated dental practices in 2019.
2020
- In February, the company added its 200th practice.
- MB2 Dental partnered with its first practice in Pennsylvania in July.
- MB2 Dental expanded into Michigan in September.
2021
- New York City-based Sentinel Capital Partners announced the sale of MB2 Dental in February.
- The company ranked No. 114 out of 250 on Inc. 5000's fastest-growing Texas-based private companies.
- MB2 celebrated its 300th practice milestone and entered Maryland in May.
- The dental partnership organization onboarded Joseph Fox and Michael Gans as vice presidents of business development.
- MB2 Dental was named a best-led company by Inc.
- In November, MB2 Dental affiliated with its first Idaho practice.
- In December, the company affiliated with its first Virginia practice.
- MB2 Dental added 111 new practice locations in 2021.
2022
- The company celebrated its 400th practice milestone in February.
- In March, MB2 Dental added its first North Carolina practice.
- In June, the company added its first Ohio practice.
- MB2 Dental launched the MB2 Family Foundation to provide financial support to employees who experience an unforeseen hardship.
- In August, MB2 recorded its best first half year in its history, adding 60 practices to its network, opening four de novo offices and entering North Carolina and Ohio.
- The company added its first affiliate practice in New Hampshire.
2023
- MB2 Dental added 70 new partner practices and three de novo locations during the first half of 2023.
- The company secured a delayed-draw term loan of $150 million and raised $20 million through an internal investment fundraiser from its doctor partners. The funds will be used to continue expanding its network through practice acquisitions.