SIMKO Specialty Dental partnered with Blue Sea Capital to form the Specialty Smile Partners management services organization.
Specialty Smile Partners is a management services organization formed to administratively support SIMKO’s continued growth. It will also play a role in future affiliations with orthodontics and pediatric dentistry providers in existing and new geographies.
“This affiliation represents an important milestone in SIMKO’s future growth plan toward the continued delivery of accessible, high-quality specialty care and exceptional patient experiences to our community,” said Amanda Spitz, founder of Smiles in Motion and co-founder of SIMKO. “Blue Sea brings significant resources, a collaborative approach with management and expertise scaling the business services required by multi-site healthcare providers, that will help Specialty Smile Partners support the rapid expansion of our organization.”
As part of the transaction, the doctors and management team of SIMKO will maintain their current roles within their respective organizations while also helping to lead the Specialty Smile Partners platform.
SIMKO and its affiliated practices will continue to operate under their respective brands in existing markets.
”Our investment solidifies a shared vision with SIMKO’s management and clinical leadership to strategically position Specialty Smile Partners as a leader within the orthodontics and pediatric dentistry specialties,” said Scott Ames, Partner at Blue Sea. “This affiliation will support accelerated growth as we seek to add other like-minded doctors in the fragmented specialty dental sector.”
The Chicago Corporation acted as a financial advisor, and Dykema acted as legal counsel to SIMKO.
Edgemont Partners acted as financial advisor, and McDermott Will & Emery acted as legal counsel to Blue Sea. Twin Brook Capital Partners is providing financing for the transaction.