Bond Orthodontic Partners platform creates a joint-venture partnership model that reportedly provides partner-doctors with capital and support aimed a long-term practice-level growth.
BPOC, a Chicago-based private equity firm that invests exclusively in healthcare companies announced the launch of Bond Orthodontic Partners (Bond). According to BPOC, Bond is a new platform that enables uniquely collaborative partnerships with market-leading orthodontists who are striving to improve the way patient care is delivered. Anchored with the focus on achieving clinical excellence through unparalleled support and collaboration, Bond has developed a joint-venture partnership model that reportedly provides partner-doctors, associate doctors, and their teams with “mutually aligned pathways to long-term success.”
Bond initially consists of six orthodontic brands across ten locations located in the Western United States.
As BPOC describes it in a press release, it developed Bond with a purpose-built approach to its management team and organizational capabilities that is specifically designed to provide entrepreneurial orthodontists with the resources and operational expertise required to optimize the growth potential of their individual practices. Through Bond, BPOC reportedly will provide capital and support partner-doctors to foster long-term practice-level value creation.
BPOC says it identified a key market opportunity in orthodontics and specialty dentistry services based on strong long-term growth fundamentals, attractive demographic trends, and a lack of existing groups that provide deep operating expertise and offer durable, long-term partnership models.
“High-quality, doctor-centric platforms providing true partnership alignment are rare in the orthodontics market. We are supporting Bond to provide progressive partner-doctors with access to intellectual capital, operational expertise, and long-term growth alignment,” said Tim Wheeler at BPOC. “We have started by partnering with an experienced team of dental executives, led by Azar Zaidi and Sheila Bracker as co-founders of Bond, that are dedicated to building pathways for long-term growth while providing orthodontists with clinical autonomy.”
“BPOC has a history of successfully transforming and growing innovative healthcare provider organizations. With their vision, expertise and capital, Bond is on a mission to be the premier orthodontic partnership organization through offering unique doctor alignment models, growth strategies, and infrastructure support,” said Azar Zaidi, CEO and founder of Bond.
One of the first orthodontists to join the platform is Kurt Stormberg, DDS, MS, of Stormberg Orthodontics. Stormberg said upon joining, “I have dedicated my life to creating beautiful and healthy smiles for my patients. I chose to partner with Bond because they were the only organization who truly understood my business and had dedicated their lives to improving this industry. This partnership gives me confidence that I can continue to deliver the highest quality of care for my patients while Bond makes sure I stay up to date on the latest operational innovations and market trends, allowing my practice to flourish.”
BPOC says it has a long track record of investing in provider-based service organizations to support clinicians in improving access to high-quality, convenient care. Recently, BPOC partnered with Alliance Physical Therapy Partners, Southeast Primary Care Partners, and ClareMedica Health Partners, furthering BPOC’s goals of expanding access to care, reducing costs, and creating value across the healthcare delivery system.