Polaris Healthcare Partners Facilitates Lakeview Dental Care Sale
Polaris Healthcare Partners Completes Lakeview Dental Care Sale
Polaris Healthcare Partners is proud to announce the successful sale of Lakeview Dental Care to The Smilist Dental, a leading dental support organization. This significant transaction underscores Polaris' commitment to providing top-notch consultative and sell-side expertise for large-scale dental practices.
Understanding the Transaction Details
Lakeview Dental Care operates six locations and was co-owned by Drs. Eric Forte and Jonathan Hill. The practice sought Polaris Healthcare Partners' assistance to enhance operations and facilitate a sale that aligned with their objectives. Through expert consultation and targeted support, Polaris was instrumental in navigating the complexities of the transaction.
Expert Guidance Throughout the Process
"The Polaris team was crucial in helping us achieve our vision for Lakeview Dental Care's future," stated Drs. Forte and Hill. Their integrated approach provided both consultative and sell-side expertise, allowing for a quicker realization of value and strategic alignment during the sale process.
The Reception from The Smilist Dental
Bill Higgins, Director of Business Development at The Smilist, expressed enthusiasm over the new partnership. He noted that Polaris maintained an efficient process that was beneficial for all parties involved. The Smilist Dental's expansion through this acquisition adds to their growing portfolio of over 90 locations nationwide.
Significant Increase in Valuation
Thanks to Polaris' strategic advice, Drs. Forte and Hill experienced a remarkable 30% increase in the valuation of Lakeview Dental Care, ultimately leading to a multi-million-dollar deal that was executed in a shortened time frame. Polaris' partnership with firms like Burr & Forman and Eide Bailly LLP further solidified the transaction's success.
The Role of Polaris Healthcare Partners
Polaris Healthcare Partners specializes in offering tailored solutions that empower dental practices to grow and thrive. Through their deep understanding of the dental market, they guide practice owners in maximizing value and achieving financial sustainability. Their advisors work closely with clients, providing customized services aimed at enhancing both operational efficiency and financial performance.
Empowering Dental Practice Owners
From consultation to execution, Polaris aims to deliver impactful outcomes for dental groups looking to improve or sell. With extensive experience spanning numerous dental practices, they play a crucial role in fostering a landscape where dental professionals can achieve their business goals.
About Polaris Healthcare Partners
Headquartered in Charlotte, North Carolina, Polaris Healthcare Partners is dedicated to unlocking the full potential of group dental practices. Their expert team capitalizes on opportunities in organizational growth and strategy, providing clients with the insight needed to build generational wealth.
About The Smilist Dental
The Smilist Dental, founded in 2014, has quickly become a recognized brand that prioritizes exceptional patient care. Supporting over 1,600 employees across their 90+ locations, The Smilist continues to expand its influence in the dental sector, delivering quality care and innovative services to communities.
Frequently Asked Questions
1. What did Polaris Healthcare Partners achieve with this sale?
Through this sale, Polaris Healthcare Partners facilitated a significant increase in valuation for Lakeview Dental Care, leading to a successful, multi-million dollar deal.
2. Who were the previous owners of Lakeview Dental Care?
Lakeview Dental Care was co-owned by Drs. Eric Forte and Jonathan Hill prior to the sale to The Smilist Dental.
3. How many locations does The Smilist Dental have?
The Smilist Dental operates over 90 locations across the United States, enhancing accessibility to quality dental care.
4. What services does Polaris offer to dental practices?
Polaris offers consultative services, sell-side support, and tailored advisory strategies to improve operational efficiency and financial performance for dental practices.
5. Where is Polaris Healthcare Partners located?
Polaris Healthcare Partners is based in Charlotte, North Carolina, serving dental practices across various regions.
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