Dental Technology, Inc, (d/b/a SmileCare), a portfolio company of Liberty Partners (Liberty), has been sold to strategic buyer Coast Dental Services, Inc (Coast Dental). Harris Williams & Co acted as the exclusive advisor to SmileCare.
The transaction was led by Todd Morris and Andy Dixon from the firm’s Healthcare & Life Sciences (HCLS) Group in San Francisco along with John Klim from the firm’s Richmond office.
“We continue to see strong M&A deal flow in the dental practice management market, with both strategic and financial buyers attracted to the industry’s solid fundamentals and long-term growth dynamics," says Todd Morris, a managing director at Harris Williams & Co. “It is a sector in which we have significant experience and where we expect to see a high level of continued transaction activity due to the fragmentation within the dental care industry as well as the many benefits that the DPM model provides.”
Through its subsidiaries, SmileCare operates 57 dental practices in CA, NV, and TX. Subsidiaries include Community Dental Services, Inc., a Knox-Keene licensed health care service plan providing prepaid dental care services in California, Nevada Dental Associates and SmileCare of TX. SmileCare was founded in 1977 and provides general dentistry and specialty services including orthodontics, oral surgery, endodontics, periodontics and pediatric dentistry. SmileCare is based in Santa Ana, CA.
