Posted: April 22, 2014
Tralongo LLC, an Atlanta-based firm that specializes in dental practice acquisitions, announced today it has entered a development agreement with Dr. Mamta Patel, D.D.S, founder of Stamford Dental Spa, to serve the Connecticut market. Dr. Patel is expected to acquire three dental practices by 2019, with an estimated combined revenue of $10 million.
With more than 90 years of combined experience in dental management and acquisitions, Tralongo LLC partners with entrepreneurial dentists who are looking to grow their business by acquiring and operating multiple practices.
A Connecticut native, Dr. Patel opened her practice in 2010 in Fairfield county. Focusing on cosmetic dentistry and orthodontics, Stamford Dental Spa is a full–service general practice with a soothing spa-like environment. It offers a range of services, including root canal treatments, implant placement and restoration, teeth whitening and ClearCorrect invisible braces, among others.
“I am ready to take my dental career to the next level and feel that Connecticut is the right place to do so,” said Dr. Patel. “A large demand for dental services combined with a growing population make the Constitution State an ideal market to expand. With my experience and Tralongo’s expertise, I look forward to surpassing the success I have accomplished in the last few years.”
“Dr. Patel is a wonderful addition to the Tralongo family,” said Dr. Ken Tralongo, CEO of Tralongo LLC. “She is very knowledgeable about the area and passionate about delivering the highest quality of service to her clients. I am confident that our partnership will help to propel her practice to new heights.”
Tralongo LLC created a proven system to identify, operate and increase profits in dental offices. Achieving great success last year, the firm began 2013 with revenues of about $20 million and is expected to reach $80 million in revenues by the end of 2014.
The firm’s five-step process consists of providing clients with a training course, finding the right dental practices to acquire, obtaining the appropriate financing, assisting with the transition from the old ownership to the new owner and working with the doctors to continue operating the new offices to maximize the profit.
“I was looking not only for the right opportunity, but also the right partner. And I found it,” added Dr. Patel. “I am excited to get out of the chair and grow my practice under the guidance of a firm that has a proven track record of success in business development. I am looking forward to begin a new chapter in my professional life.”
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