Dental service provider Parkview Dental Partners expands its reach with the acquisition of two Lifetime Smiles Dental Care practices.
Parkview Dental Partners Acquires Two Lifetime Smiles Dental Care Practices in Florida
In a significant move, Parkview Dental Partners, a dentist-founded dental growth and management partnership based in Sarasota, Florida, has announced the acquisition of two Lifetime Smiles Dental Care practices located in Sarasota and St. Petersburg, Florida.
The acquisition, backed by Cathay Capital, a global private equity and venture capital investment firm, is set to further solidify Parkview's position in the Gulf Coast region. This marks a strategic expansion for Parkview, as they continue to grow their network of dental practices across the state.
Founded over a decade ago, the acquired Lifetime Smiles Dental Care practices have been offering comprehensive dental services in the Sarasota and St. Petersburg regions. Known for their culture-driven approach that prioritizes patient experience and a positive team environment, Lifetime Smiles Dental Care is a well-respected brand in the dental industry.
Dr. Christopher Donato, the owner of Lifetime Smiles Dental Care, expressed enthusiasm about the partnership. He stated that it will allow them to focus on providing excellent patient care while benefiting from Parkview's operational and administrative expertise. Dr. Donato is supported in Sarasota and St. Petersburg by a strong team of skilled dentists, including Dr. Tyler Branscombe and Dr. Leronne Perera.
Rene Sauerteig, CEO of Parkview, expressed excitement about the partnership, stating that Lifetime Smiles Dental Care is a well-known and respected brand. He further added that Parkview is decidedly different from corporate Dental Support Organizations (DSOs). Parkview provides the highest level of operational support and opportunities for professional growth.
Smile Design Dentistry, a dental care organization with over 50 family and cosmetic dentistry practices across West and Central Florida, is the company that conducted the acquisition. Their function is to provide comprehensive family and cosmetic dental services with a strong focus on patient care and community involvement.
Cathay Capital helps middle-market companies and startups navigate opportunities for growth, international expansion, and sustainable transformation. With offices in New York, San Francisco, Paris, Munich, Berlin, Madrid, Shanghai, Beijing, Shenzhen, and Singapore, Cathay Capital supports healthcare, technology, and consumer companies throughout North America, Europe, and Asia. Cathay Capital manages more than $5.5 billion in assets and has made over 250 investments in various verticals.
For more information about Parkview Dental Partners, visit www.parkviewdp.com. For more information about Cathay Capital, visit their website. This is not the first acquisition for Parkview Dental Partners, as they recently acquired Breezy Dental, a practice in Tampa. The two Lifetime Smiles Dental Care practices will continue to operate under their current brand.
The acquisition is expected to bring about positive changes for both the practices and their patients, as they benefit from Parkview's expertise and commitment to providing excellent dental care.
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