ProSmile Holdings LLC, a multi-specialty dental services organization (DSO) on the East Coast, has announced the successful acquisition of Destiny Dental, a move that expands ProSmile’s presence into Michigan, Illinois, and other Midwest states. This strategic acquisition represents a significant milestone in ProSmile’s mission to broaden its reach and provide dental care to underserved communities.
Founded in 2020 and headquartered in Woodbridge, NJ, ProSmile formed as the result of the merger of PG Dental and Allied Dental. Established by Dr. Amish Patel and Mr. Bharat Rana, the ProSmile team is now led by Hugh Carey II, CEO, Dr. Heather Smith-Briggs, CDO (Chief Dental Officer), Dr. Sathya Kallur, CSO (Chief Specialty Officer), and Dr. Simon Oh, CCO (Chief Clinic Officer.)
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ProSmile has quickly grown to serve over 100 locations across the mid-Atlantic and Midwest. With a network of more than 1,500 healthcare professionals, ProSmile offers a full range of dental services, including pediatric dentistry, endodontics, periodontics, orthodontics, and oral surgery.
BankUnited, N.A., a Florida-based commercial bank and ProSmile’s current lender, supported the acquisition and raised new capital for further expansion. ProSmile is backed by TriSpan, an established middle-market private equity firm with investments that span North America, Europe, and the United Kingdom.
Since TriSpan’s initial investment in May 2019, ProSmile has successfully completed seven acquisitions. This latest acquisition of Destiny Dental adds a significant footprint in the Great Lakes region.
Founded in 2010, Destiny Dental has built a reputation for providing essential dental services in communities with limited access to quality care. Jim Lucci, Co-Founder and President of L2 Management, the DSO supporting Destiny Dental practices, highlighted the shared values between the two organizations. “We started Destiny Dental more than a decade ago with a single mission: providing access to quality dental care for the communities in the Midwest that need it most,” Lucci stated. “With ProSmile, we found a great partner to continue that mission.”
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The acquisition of Destiny Dental, along with its network of more than 250 healthcare professionals, five Illinois locations, two Indiana locations, 13 Michigan locations and one Wisconsin location, indicates that the Midwest is a region ripe with opportunities for growth and healthcare improvement.
“This acquisition is an exciting opportunity for ProSmile to grow and expand into new markets,” said Hugh Carey II, CEO of ProSmile. “Destiny Dental’s clinical teams are a natural fit with ProSmile’s ethos: delivering exceptional care to underserved communities while empowering staff to pursue clinical excellence.”
This latest acquisition signals a new chapter of growth for ProSmile, as the company looks to solidify its leadership in the dental care industry and continue delivering on its promise of providing exceptional care to underserved communities across the U.S.
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About ProSmile: Founded in December 2020, ProSmile is a leading multi-specialty dental services organization with a network of more than 1,500 premier healthcare professionals serving patients in more than 100 locations throughout the mid-Atlantic and mid-West region of the U.S. ProSmile’s practices offer a range of services from basic exams and cleanings to specialty services, including pediatrics, endodontics, periodontics, orthodontics, and oral surgery.
About TriSpan: Founded in 2015, TriSpan is a private equity firm with offices in New York and London that invests in middle market companies in North America, Europe, and the United Kingdom with annual revenues typically ranging from $20-100 million and/or EBITDA of $2-20 million. Since inception, the firm has completed 24 platform investments, as well as over 80 bolt-on acquisitions for its portfolio companies.
About Destiny Dental: Founded in October 2010, Destiny Dental offers quality dental care to underserved communities with a network of more 250 dedicated healthcare professionals serving patients in locations in the upper Mid-West.
About BankUnited: BankUnited is a wholly owned subsidiary of BankUnited, Inc., and is one of the largest independent depository institutions headquartered in Florida. BankUnited provides a broad range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. BankUnited operates convenient banking centers in Florida, New York, and Dallas, Texas. Since its founding in 1984, the bank has grown rapidly and now boasts over $35B in assets.
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