SARASOTA, Fla. – Aug 14, 2013 – Dynamic Dental Partners, a leading dental services organization (DSO) announced today the merger and acquisition of My Family Dental Centers, a Mesa, Ariz.-based full-service dentistry and KLR Management, a multi-location full-service dentist group in Virginia. The terms of the deal were not disclosed.
These transactions marked the 26th deal for DDP since the company was founded in 1998. With its latest expansion, DDP will provide operational support to a network of 31 dental practices located in Florida, Arizona and Virginia.
“We are excited about the addition of these new companies to our organization, and for our continuing ability to attract market-leading dental groups,” said Dr. Alex Giannini, DDP’s CEO. “Through our recent partnership and capital infusion from Huron Capital Partners, we are able to couple their financial resources and operational expertise with our industry experience to expand our footprint.”
My Family Dental Centers offers premium full-service cosmetic and restorative dentistry, along with traditional orthodontics and oral surgery services with 10 practices in the Phoenix area.
“Our practices offer compassionate care and quality services,” said Dr. Eric Kerbs, CEO and Founder of My Family Dental Centers. “We are confident that our relationship with DDP will provide the practices of My Family Dental Centers the business support needed to continue to improve our processes and better serve our patients.”
My Family Dental Centers and KLR will continue to operate under the same name and business structure. DDP will assist with management responsibilities, allowing for each practice to focus more on the patient experience. It will also ensure access to the latest in technology and best practices in dentistry.
“It was obvious that DDP was a natural fit,” said Dr. Jim Rice, Principal of KLR. “DDP is committed to quality service and helping its partners grow. This is a key step in supporting our clinical staff with effective tools and education in order to provide better service to the patients.”
DDP was Huron’s first investment made through The Huron Fund IV, LP, a $500 million private equity fund which closed in January 2013. The transaction marked Huron’s second investment in the dental industry, having acquired a majority interest in short-term cosmetic orthodontics provider Six Month Smiles, Inc. in January 2013.