Tonka Bay Equity Partners has announced the formation of Iowa-based AppleWhite Dental, a dental practice management company formed to acquire dental practices in Iowa and surrounding st
Tonka Bay Equity Partners has announced the formation of Iowa-based AppleWhite Dental, a dental practice management company formed to acquire dental practices in Iowa and surrounding states.
AppleWhite’s strategy is to develop a group of dental practices designed to replicate the traditional office experience, with the cost advantages and management expertise of a group practice.
AppleWhite acquired its first practice in Cedar Rapids, Iowa and to date has acquired five Iowa-based dental practices.
Tonka Bay has teamed with Dr Thomas McCoy and industry veteran Yvonne Mayberry to form AppleWhite.
Tonka Bay has previous experience in the dental management industry through its investment in Midwest Dental.
Dr McCoy has been named president of AppleWhite and Mayberry is a member of the board of directors and a consultant to the company.
The company says dental practice management companies have grown throughout the US due to government regulation, insurance compliance, rising costs of establishing an individual practice, the desire by dentists for more flexible work schedules, and the economies of scale that can be achieved in a group practice environment.
