by Deer Valley Dental Village sells for $5.6M
Menlo Group Commercial Real Estate announced it successfully negotiated the purchase of Deer Valley Dental Village (Peoria, AZ). The dental office complex,located at 7505 W. Deer Valley Rd. in Peoria, Arizona, was purchased for $5.6 million. Andersen Capital Partners (Phoenix, AZ), an investment firm, purchased the 17,030 sq. ft. Class A medical office building, which is fully leased with five long-term dental tenants. The buyer is a long-time investor in Arizona real estate with a portfolio that includes properties in retail, office and land.
DentaQuest to acquire dental insurer in $41.5M deal
DentaQuest (Boston, MA) signed a definitive merger agreement to acquire DCP Holding Co., the parent company of Dental Care Plus Group (Sharonville, OH), a dental insurer provider in the Midwest. DentaQuest will pay $41.5 million for DCPG common shares, minus transaction expenses. DCPG will also pay cash dividends to shareholders, which is currently estimated to total $8 million. With the acquisition, DentaQuest will cover 380,000 members and a network of 246,000 provider locations. DCPG will keep its headquarters in Sharonville. The transaction is expected to be finalized in the third quarter of this year
Benevis names new CEO
Benevis LLC (Marietta, GA) named Rich Beckman as CEO. Beckman has previously been CEO for Great Expressions Dental Centers. Beckman is also a founding member of the Association of Dental Support Organizations (ADSO). Little- john & Co. (Greenwich, CT) and Tailwind Capital (New York, NY) led a recapitalization of Benevis in March 2018.
“Benevis is an industry-leading DSO platform, and I am excited to serve as its CEO,” said Beckman. “I was attracted to Benevis’ scaled presence across 17 states, network of high-quality practices, best-in-class compliance program, and dedicated 2,300 employees. I am eager to get started and capitalize on the numerous growth opportunities ahead.”
Geoff Raker, a Partner at Tailwind Capital said, “We are thrilled to have an executive of Rich’s caliber join the Company. He is a proven and passionate leader, and we look forward to the immediate impact he will have as Benevis continues to expand its existing capabilities and breadth of services, including orthodontics and oral surgery.”
dentalcorp announces promotion of Guy Amini to president
dentalcorp has promoted Guy Amini to president of the organization, effective immediately. Since September 2014, Guy has been chief legal and compliance officer. In his new role, Guy will support the company’s founder and CEO, Graham Rosenberg, in overseeing day-to-day operations. He will also focus on building relationships with dental professionals and key industry stakeholders and continue to be responsible for the company’s Legal and Compliance, Corporate Communications, and People teams.
G Square Healthcare acquires Dental Care Group
G Square Healthcare Private Equity LLP (London, UK), a private equity firm with an investment strategy exclusively dedicated to healthcare companies in Europe, announced the acquisition of Dental Care Group (DCG), a clini- cian-led business comprised of 21 dental practices in East and South East of England. G Square’s investment in DCG is the first investment by G Square Capital III, the third Fund managed by G Square. G Square has acquired a majority stake in partnership with the Founders who retain a significant shareholding and will continue to manage the company. Financial terms of the acquisition were not disclosed.
Premier introduces AeroPro™
Premier announced the introduction of AeroPro, a light-weight, ergonomic cordless and pedalless handpiece that gives dental care providers the mobility they want, the choice of prophy angles they like, and the control they need. Its innovative design helps reduce hand fatigue. ChargeSMART™ Battery Technology provides long-lasting power to get through the workday. AeroPro™ is CDC-compliant with a convenient infection prevention protocol.
