Healthcare focused private equity investor Chicago Pacific Founders has formed Marquee Dental Partners and committed $35 million in capital to fund the new platform.
Marquee Dental is led by CEO James Usdan who has served as CEO of three public companies and five private equity-backed firms. He has more than 30 years of experience in healthcare provider and multi-site management operations, including having led or served as a board member of four dental service companies.
“In addition to the attractive market dynamics of the dental industry, Chicago Pacific Founders saw an opportunity to partner with a highly skilled and proven team of executives,” said Mary Tolan, Founder and Partner of Chicago Pacific. “Under their leadership, Marquee is well-positioned to achieve operational excellence very rapidly by following a proven model for success.”
Chicago Pacific Founders was founded in 2014 and invests exclusively in healthcare services. The firm will invest up to $75 million of equity capital per opportunity in growth, minority recap and buyout transactions for cash flow positive businesses. Chicago Pacific Founders is headquartered, obviously, in Chicago (no website found).
“By handling the administrative end of the practice, Marquee enables the dentists we support to focus on what truly matters: providing high quality oral healthcare services,” said Mr. Usdan. “Marquee acquires the business aspects of the dental practices and enables the dentists to focus on personal interaction with patients rather than spending their hours on filing and accounting.”
Joining Mr. Usdan at Marquee Dental are COO Christy Englehart – who has 25 years of dental operations experience – and Chief Dental Officer Dr. Steve Hecklin, CFO Luke Lamphron and Vice President of Business Development Les Matthews.
“Our goal,” said Vance Vanier, MD, Co-Founder and Managing Director of Chicago Founders, “is to differentiate ourselves clinically by treating our dentists as the key customer of Marquee.” In addition to managing the administrative parts of a dental practice, Marquee Dental can also assist dental practices in implementing new features such as specialists in orthodontics, endodontics, periodontics and oral surgery. Marquee Dental is based in Nashville (www.marqueedentalpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-13-15
