H.I.G. Capital Closes the Acquisition of InterDent, Inc.
MIAMI – August 7, 2012 – H.I.G. Capital, LLC, a leading global private investment firm, announced today that an affiliate has completed the acquisition of InterDent, Inc. (“InterDent” or the “Company”), a leading dental practice support organization (“DSO”).
Headquartered in Inglewood, California, and operating primarily under the Gentle Dental brand name, InterDent provides support services to 145 affiliated dental offices in Arizona, California, Hawaii, Kansas, Nevada, Oklahoma, Oregon, and Washington. The Company’s affiliated offices benefit from professional management, economies of scale, superior information systems, and specialization of functions. InterDent’s network delivers comprehensive dentistry to over one million patients annually, including general dentistry, orthodontics, periodontics, endodontics, pedodontics, prosthodontics, and oral surgery.
John Steinbrun, President and CEO of InterDent commented, “We are excited about the H.I.G. acquisition. Their investment supports our growth and enables the Company to invest in existing offices while growing our retail platform. We have a shared vision to provide the best work environment to attract high-quality dentists and specialists, and offer an unmatched value and experience to the patient.”
“We are very pleased to support John and his team in their growth and continued success,” added Chris Laitala, a Managing Director of H.I.G. Capital. “The DSO model allows dentists and specialists to treat patients while reducing the administrative burden of running their own practices. We believe there is a big opportunity to further penetrate existing territories while expanding into new markets.”
About InterDent
InterDent is a leading dental practice support organization in the United States. The Company supports 145 offices in eight western states primarily under the well-established Gentle Dental brand name. These offices are located in many of the nation’s most attractive markets. The Company’s highly visible retail locations with extended hours offer patients affordable and comprehensive dental care including specialty services. For further information, please visit www.gentle1.com or www.interdent.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 50 companies. For more information, please refer to the H.I.G. website at www.hig.com.