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Park Dental Partners, Inc. Announces Agreement to Acquire Village Family Dental Services Organization - Enters North Carolina Market

  • Park Dental Partners, Inc. (NASDAQ: PARK) entered a definitive agreement to acquire Village Family Dental DSO.
  • The acquisition expands Park Dental Partners into North Carolina, marking its entry into a fourth state.
  • Village Family Dental is a multi-specialty group based in Fayetteville, North Carolina, founded in 1985.
  • The DSO supports 26 general dentists and 22 specialists across practice locations in eastern North Carolina.
  • Five owner-doctors lead Village Family Dental: Dr. Anuj James, Dr. Mit Patel, Dr. Grant Wiles, Dr. Bradley Ryan, and Dr. Jordan Olsen.
  • Upon closing, the DSO will operate as a subsidiary of Park Dental Partners under existing management services arrangements.
  • Village Family Dental practices will retain their name and local leadership structure post-transaction.
  • Park Dental Partners currently operates 87 practice locations with 222 affiliated doctors across three states.
  • Financial guidance regarding revenue or Adjusted EBITDA impact will not be updated until the transaction closes.
  • Advisors for Park Dental Partners included Taft Stettinius & Hollister LLP, Winthrop & Weinstine, PA, and McGuireWoods, LLP.
  • Advisors for Village Family Dental included Brooks, Pierce, McLendon, Humphrey & Leonard, LLP; Holland & Knight LLP; pH Partners; and Logan Growth Advisors.
  • The transaction is subject to regulatory clearance and other closing conditions before completion.