The United Dental Corporation DSO entered the US market, acquiring 7 dental practices in California, Arizona, and Georgia.
United Dental Corporation, a dental partnership organization announced that it is breaking new ground in the US, acquiring 7 high-performing dental practices in 3 targeted markets.
UDC’s first wave of practices features a mix of specialty and general practice dentists located in key markets in California, Arizona, and Georgia.
The practices included in the initial launch were selected to provide specific platform-level specialty and operations support to subsequent waves of acquisitions in UDC’s pipeline. UDC anticipates closing its second and third tranches of practices by March 2023.
“Today’s announcement highlights the strength of our differentiated business model, which has historically resulted in up to a 98% doctor retention rate in Australia and New Zealand,” said Dr Ray Khouri, UDC chairman and co-founder. “We look forward to rapidly scaling UDC as it becomes the premier destination and partner for exceptional dental practices.”
Equity funding was led by Doshi Capital Partners, the family office of Drs Nitin and Leena Doshi. commented. White Oak Healthcare Finance LLC provided the debt financing for the acquisition.
High Speed Ventures bolstered UDC’s launch by investing in two rounds of funding from the dentists and individual investors that are clients of High Speed Alliance. HSV’s total investment of over $5M to date, underscores its support of Khouri’s leadership and the UDC team and business model.