Mid-Atlantic Dental Partners is a dental support organization that provides marketing, financial, practice information and other business services to dentists. The company uses a partnership model in which selling dentists retain a portion of ownership and build personal wealth over time. Since launching in March 2016 it has partnered with eight offices and has seven additional offices in the process of closing. Management expects 15 practice partnerships and $20 million in run-rate revenue by the end of 2017. It signed equity commitments for up to $12.5 million in growth equity led by S.C. Goldman & Company to fund expansion into South Jersey, Baltimore and Washington, D.C. suburbs. The additional capital will be used to expand its model and alleviate administrative burdens for dentists so they can focus on patient care. Mid-Atlantic Dental Partners is a dental support organization that supplies marketing, financial, practice information, practice management and technology services so dentists can focus on patient care. The firm positions its model to improve care quality and profitability while allowing dentists to build personal wealth or find buyers for practices. With initial capital commitments of up to $15 million, the company plans to partner with leading dentists across the mid-Atlantic region (Pennsylvania, New Jersey, Maryland and Delaware). Mitchell Goldman joined as CEO bringing more than 37 years of entrepreneurial, leadership and health law experience, and the company said it will announce expanded leadership and management teams in the coming weeks. Mid-Atlantic intends to pursue a regional acquisition approach to build enterprise value over time and to be responsive to the unique needs of each practice. The company was founded in 2016 and operates under Mid-Atlantic Dental Service Holdings LLC.

Total raised

$28M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2017