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
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.