Smile Doctors secures $125M in capital, closes in on 600 practices

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Dallas-based Smile Doctors secured an additional $125 million in growth capital to invest in new affiliations, de novo expansion and support for affiliated practices.

The orthodontic support organization outperformed its growth plan in the first half of 2026 and expects to surpass 600 total locations by the end of the year, according to a July 14 news release from Smile Doctors. 

Smile Doctors achieved high double-digit growth in the first half of 2026, driven by high single-digit same-store growth, new orthodontist affiliations, seven de novo practice openings and increased adult demand for orthodontic services. 

Over the next 12 months, Smile Doctors expects to open 18 new de novo practices. 

The organization currently supports 591 locations across 36 states, the release said.

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