Sentinel Makes Strategic Investment in MB2 Dental Solutions

REPRESENTS SENTINEL'S SIXTH DENTAL INDUSTRY PLATFORM

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Oct 03, 2017, 07:00 ET

NEW YORK, Oct. 3, 2017 /PRNewswire/ -- Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced a new partnership with MB2 Dental Solutions ("MB2"), a rapidly-growing dental service organization ("DSO") with a unique physician-centric ownership model. Terms of the deal were not disclosed.

Headquartered in Carrollton, Texas, and serving patients in Alaska, Louisiana, New Mexico, Oklahoma, Tennessee, and Texas, MB2 is a leading DSO that employs a "joint venture" business model through which affiliated dentists enjoy the clinical benefits of a private practice and the infrastructure, compliance, marketing, and purchasing advantages of the traditional DSO model. MB2 draws on the energy of highly-engaged dentist partners with deep commitment and aligned interests. MB2 has grown rapidly through de novo openings, add-on acquisitions, and strong existing-office growth. Beginning with two practices in 2007, today MB2 has 85 affiliated practices. MB2 offers general dentistry services, orthodontics, cosmetic dentistry, and oral surgery.

"MB2 bridges the gap between private practice and traditional DSOs," said Paul Murphy, a partner at Sentinel. "With a motto that 'patients come before profits,' MB2 attracts and retains highly talented and motivated entrepreneurial dentists by offering clinical autonomy and the opportunity to become owners of their own practices, while using an efficient and established operating model. We look forward to partnering with MB2's team of dentist/owners and helping MB2's talented management team continue to achieve their vision and goals."

"We are very excited to join forces with Sentinel in our next phase of growth," said Dr. Chris Villanueva, founder and CEO of MB2. "MB2 has developed a unique approach, which we designed primarily to serve the interests of dentists and their patients. We believe that our engagement and alignment with dentists and patients is the primary driver of our rapid growth and low dentist turnover. We see a significant opportunity to continue expanding our platform in existing and new geographies by capitalizing on meaningful demand for our unique dentist partnership model."

Sentinel has a well established record of investing in the dental sector and MB2 represents its sixth dental platform. More recently, in December 2016, Sentinel acquired Altima Dental Centres, one of the largest dental services organizations in Canada. Sentinel's prior dental investments include Castle Dental and Metro Dentalcare, each a leading regional dental service provider; Northeast Dental Management, a leading dental service provider in the Northeast and Mid-Atlantic; and ReachOut Healthcare America, a leader in mobile dentistry.

About Sentinel Capital Partners

Sentinel Capital Partners specializes in buying and building businesses at the lower end of the middle market in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. For more information about Sentinel, visit www.sentinelpartners.com.

About MB2 Dental Solutions

MB2 Dental Solutions is a dental service organization that serves as a partner to affiliated dentists and practice owners. MB2 provides affiliated dental offices with a suite of services to help them run dental practices more efficiently, allowing them to focus on providing exceptional patient care at their practice. MB2-affiliated dental offices maintain 100% clinical autonomy and, with the help of MB2's team, efficiently run every facet of their practices. For more information about MB2, visit http://mb2dental.com/about-mb2/.

Contact: Roland Tomforde
Broadgate Consultants
212-232-2222

SOURCE Sentinel Capital Partners