Ideal Dental is a specialty dental service organization focused on providing business and administrative services to specialty dental service providers.

Investment

N/A

Fund

ONCAP IV

Period

June 2022 – Present

ONCAP Team

Mark Gordon
Aly Hadibhai

Ideal Dental logo

Transaction Summary

ONCAP acquired a majority interest in Ideal Dental Management Partners ("Ideal") in June 2022.

Business Description

Ideal Dental is a specialty dental service organization focused on providing business and administrative services to specialty dental service providers. The Company partners with doctors who independently diagnose and treat their patients, providing orthodontic, pedodontics, oral surgery and other therapeutic services. Together, they deliver exceptional care through the latest innovation and technology and the best patient experience possible. Ideal Dental Management Partners and the independent specialty dental care practices it supports operate 28 locations on the West Coast.

Investment Thesis

ONCAP was attracted to Ideal due to its: (i) reputation for exceptional quality of care; (ii) opportunity for organic growth through the expansion of specialty dental services; (iii) stable and growing industry with limited cyclicality; (iv) strong cash flow characteristics; (v) expansion opportunity for new clinics given the fragmented nature of the industry and (vi) entrepreneurial management team.