H.I.G. Capital has completed the acquisition of InterDent, a dental practice support organization (“DSO”). “The DSO model allows dentists and specialists to treat patients while reducing the administrative burden of running their own practices. We believe there is a big opportunity to further penetrate existing territories while expanding into new markets,” said Chris Laitala, a Managing Director of H.I.G. Capital.
InterDent is a dental practice support organization providing support services under the Gentle Dental brand name to over 145 affiliated dental offices employing more than 450 dentists in the following eight states: Arizona, California, Hawaii, Kansas, Nevada, Oklahoma, Oregon, and Washington. The company is based in Inglewood, CA (www.gentle1.com) (www.interdent.com).
“We are excited about the H.I.G. acquisition. Their investment supports our growth and enables the company to invest in existing offices while growing our retail platform. We have a shared vision to provide the best work environment to attract high-quality dentists and specialists, and offer an unmatched value and experience to the patient,” said John Steinbrun, President and CEO of InterDent.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. Since its founding, H.I.G. has invested in and managed more than 200 companies and the firm’s current portfolio includes companies with combined revenues in excess of $8 billion. H.I.G. Capital has more than $8.5 billion of equity capital under management and is based in Miami, FL and has other offices in Atlanta, GA; Boston, MA; San Francisco, CA; London, UK; Rio de Janeiro, Brazil; Hamburg, Germany; and Paris, France (www.higcapital.com).
PEPD 8-8-12
