Source Capital ("Source"), through an affiliate fund, is pleased to announce its investment in CollectiveCare Dental, LLC ("CCD" or the "Company"), a Dental Support Organization ("DSO") with 10 locations in the greater Philadelphia metro area. Source's SBIC fund provided debt and equity to support the recapitalization of the Company and support future growth.
CCD aims to provide excellent care to every patient in a compassionate and collaborative manner, and promote a culture in which dentists, clinical and administrative staff thrive through teamwork. CCD is led by a team of 35+ dentists alongside an executive management team. "Choosing the right capital partner was critical for us as we seek to accelerate our growth in the years ahead and continue to deliver high quality patient care. We are excited about the new partnership with Source." said Danny Bianco, CEO of CCD.
"We are thrilled to partner with the CCD team as we re-enter the DSO category and leverage our prior experience. We look forward to supporting the Company's next phase of growth" said Matthew Smith, Principal at Source.
About CollectiveCare Dental
CollectiveCare Dental is a regional Dental Support Organizational in the greater Philadelphia metro area, founded in 2015 by seasoned healthcare executives to capitalize on the growing consolidation in the dental practice market. The CCD mission is to support the provision of excellent oral healthcare to every patient in a compassionate and collaborative manner. CCD promotes a culture in which dentists, clinical, and administrative staff thrive through teamwork, compassion, and the opportunity for personal growth.
About Source Capital, LLC
Source Capital is an Atlanta, GA based private investment firm that has been providing flexible equity and debt capital to lower middle market companies for over 20 years. The firm has a value-added investing approach that brings (i) patient capital focused on long-term value creation; (ii) collaborative partnerships with management teams, founders/owners, private equity investors and independent sponsors; and (iii) strategic and operational resources to its portfolio companies. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team or visit www.source-cap.com.