Mid-Atlantic Dental Service Holdings LLC, which operates as Mid-Atlantic Dental Partners and a is dental support organization (DSO), announced that an affiliate purchased all of the outstanding shares of Birner Dental.
The company paid $10.62 in cash per share. Birner Dental shareholders also received one Contingent Value Right (CVR) per share of Birner Dental stock. The CVR entitles former Birner Dental shareholders to an additional cash payment of up to $0.13 per share under certain circumstances on June 14, 2020.
Mid-Atlantic Dental Service Holdings LLC is a portfolio company of S.C. Goldman & Company, LLC. It has the mandate of being dedicated to improving the delivery of dental services for dentists and their patients.
The company provides supported practices with marketing, financial, practice information and other business services so dentists can focus on delivering the highest quality care to their patients.
I am extremely excited about the opportunity for growth of the Perfect Teeth footprint in the southwest and mountain states. This growth will happen thoughtfully, ensuring a first-class team of dentists and hygienists, and a focus on the importance of oral health within a patient’s overall healthcare picture.Marlene Kacy, Vice President for Regional Operations for the Mountain Region
Mid-Atlantic Dental Partners and Perfect Teeth together make a very strong partnership. Building on the established brand in the region, Mid-Atlantic has the ability to provide needed resources to build and expand the Perfect Teeth brand through significant investments in state-of-the-art technology, our clinical and administrative teams, and the offices.Leigh Feenburg, Chief Operating Officer of Mid-Atlantic Dental Partners
Upon closing, Birner will become Rocky Mountain Dental Services Holdings, LLC. Birner will continue to be based in Denver, Colorado and will be locally managed. The newly affiliated locations will continue to do business under the Perfect Teeth brand.