M&A Deal Summary

ProSmile Acquires Allied Dental

On December 1, 2020, ProSmile acquired healthcare services company Allied Dental from Riverside Partners

Acquisition Highlights
  • This is ProSmile’s 1st transaction in the Healthcare Services sector.
  • This is ProSmile’s 1st transaction in the United States.
  • This is ProSmile’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-12-01
Target Allied Dental
Sector Healthcare Services
Buyer(s) ProSmile
Sellers(s) Riverside Partners
Deal Type Merger

Target

Allied Dental

Toms River, New Jersey, United States
Allied Dental is a dental services organization providing management services to dental practices in the Northeast and Mid-Atlantic. Allied Dental’s practices offer a range of services from basic exams and cleanings to specialty services, including pediatrics, endodontics, periodontics, orthodontics, and oral surgery.

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Buyer(S) 1

Buyer

ProSmile

Ambler, Pennsylvania, United States

Category Company
Sector Healthcare Services
DESCRIPTION

ProSmile is a dental service organization that provides non-clinical business services to dental practices operating in New Jersey, Pennsylvania, and Maryland. Their practices offer a range of comprehensive dental services for adults, children, and infants, from basic exams and cleanings to specialty services, including pediatrics, endodontics, periodontics, orthodontics, and oral surgery.


DEAL STATS #
Overall 1 of 3
Sector: Healthcare Services M&A 1 of 3
Type: Merger M&A Deals 1 of 1
State: New Jersey M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 SmartArches Dental Implants

Media, Pennsylvania, United States

SmartArches Dental Implants provides a full range of tooth replacement options to fix. SmartArches Dental Implants is based in Media, Pennsylvania.

Sell -

Seller(S) 1

SELLER

Riverside Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 29 of 33
Sector: Healthcare Services M&A 5 of 5
Type: Merger M&A Deals 3 of 3
State: New Jersey M&A 2 of 3
Country: United States M&A 29 of 33
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Syner-G BioPharma

Framingham, Massachusetts, United States

Syner-G BioPharma is a provider of customized science and risk-based CMC and regulatory solutions and services, supporting pharmaceutical and biotechnology companies across small molecule, large molecule, and cell and gene therapy products. Syner-G BioPharma is based in Framingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Convergence Networks

Portland, Oregon, United States

Convergence Networks is a Managed IT Service Provider based in Portland, Oregon along with its sister company Luminant Security who provides Managed Cybersecurity Services. It is focused on attracting talented and passionate people who work with their SMB clients as strategic partners to drive results. They offer a full spectrum of solutions covering cybersecurity, strategic planning, end user support, cloud, and hardware. Convergence Networks was founded in 2000 and is based in Portland, Oregon.

Buy -