United Dental, a Dental Partnership Organization (DPO) announced its maiden acquisition of seven dental practices in three markets across the United States. Financial terms of the transaction were not disclosed.
Equity funding was led by Doshi Capital Partners, the family office of Drs. Nitin and Leena Doshi. White Oak Healthcare Finance provided the debt financing.
High Speed Ventures bolstered UDC’s launch by investing $5 million to date in two rounds of funding from the dentists and individual investors that are clients of High Speed Alliance.
UDC’s first wave of practices features a mix of specialty and general practice dentists located in key markets in California, Arizona, and Georgia. The practices included in the initial launch were selected to provide specific platform-level specialty and operations support to subsequent waves of acquisitions in UDC’s pipeline. UDC anticipates closing the second and third tranches by March 2023. Read more.
