UAE – Emirati state-owned Mubadala Investment Company (Mubadala) has signed a definitive agreement for the acquisition of Dental Care Alliance (DCA), the largest multi-branded dental support organizations in the United States.
Established in 1991, Dental Care Alliance aims to improve the wellbeing of both patients and dental professionals through innovative and proven practice-support solutions.
DCA has over 390 allied practices in 22 states, encompassing all facets of general dentistry and all recognized dental specialties such as endodontics, oral and maxillofacial, orthodontics, pediatric dentistry, periodontics, and prosthodontics practices.
It has approximately 5,400 employees including over 885 dentists in 22 states, and welcomes over 3.5 million patient visits per year.
Alongside the latest acquisition of DCA, Mubadala has invested in funds managed by Harvest Partners, LP (Harvest Partners), an established private equity firm focused on investing in middle-market companies.
The landmark investments come after funds managed by Harvest Partners acquired DCA in partnership with management in 2015.
Upon closing the recapitalization in December 2022, Mubadala and funds managed by Harvest Partners jointly control DCA and will work closely with the management team to continually advance the practice of dentistry.
The strategic deal will further build on Mubadala’s diverse portfolio of assets, particularly a decade of world-class patient care and its breakthrough health and wellness solutions in the United Arab Emirates (UAE) and abroad.
In addition, it comes a couple of weeks after Mubadala signed an agreement with National Resilience Inc. to establish a new manufacturing facility for biopharmaceutical-related products.
“We are delighted to be investing alongside Harvest Partners and, together, leveraging our combined resources and experience in the multi-site services sector to unlock new opportunities for DCA,” Head of Consumer Unit at Mubadala Alvin Teh said in a press statement.
He underscored that Dental Care Alliance has a highly diversified range of services, a strong management team with a proven track record, and a scalable platform with a significant growth trajectory.
Speaking on the new deal, Chief Executive Officer for Dental Care Alliance Jerry Rhodes said: “The investment will allow DCA to further empower the exceptional dental professionals that we support as they deliver meaningful patient experiences and vital dental healthcare.”
He reaffirmed the company’s clients that DCA will accelerate and prioritize growth and innovation, individualized development for its team members, and transformational initiatives that put allied practices first.
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