MBF Healthcare Partners has made an investment in Austin, Texas-based Rose Dental Group, a dental group. In conjunction with transaction, MBF has formed Strive Dental Management LLC, a dental service company. Rose Dental and Strive have partnered up to provide DSO capabilities for dental practices in the U.S.
CORAL GABLES, Fla.–(BUSINESS WIRE)–MBF Healthcare Partners (“MBF”) is pleased to announce that it has invested in Rose Dental Group (“Rose Dental”) and simultaneously formed Strive Dental Management, LLC (“Strive”), a dental service organization (“DSO”). Founded in 1995 by two prominent Dentists, Dr. Rollin Sarradet and Dr. Sergio Escobar, Rose Dental is a premier dental group in Austin, Texas with over 40 dentists and hygienists that provide general, specialty, and cosmetic dentistry services. Both Dr. Sarradet and Dr. Escobar will be integral partners of Strive, assisting with the expansion of a doctor centric, high quality, patient-focused clinical model. Rose Dental and Strive have partnered to provide comprehensive, best-in-class DSO capabilities for dental practices throughout the United States.
Mike Vaughan, former Chief Operating Officer of American Dental Partners (“ADP”), joined MBF in 2017 as an Operating Executive to assist with the execution of a DSO strategy in the dental space. Mike will serve as the transitional Chief Executive Officer to Strive, making all key DSO decisions. “We could not be more excited to partner with Dr. Sarradet, Dr. Escobar, and their team,” said Mike. “We look forward to building a new DSO in the greater Texas area and throughout the United States focused on providing the highest level of support to our dentists and the highest quality clinical care to our patients.”
Preston Brice, Managing Director of MBF, said that “our thesis is to partner with evolving groups of entrepreneurial dentists and build a new differentiated dentist and patient focused DSO platform. The dentists at Rose Dental are truly market leaders, with 23 years of providing superior clinical care to their patients. We are excited to partner with Rose Dental and Mike Vaughan to support rapid growth and expand their clinical and operational model.”
“The formation of Rose Dental was spawned from 2 dentists with a common mission and vision for providing exceptional dental care to our patients, and unwavering support to our staff. We are thrilled to be partnering with MBF Healthcare Partners, as it was readily apparent through this process that we share a common mission for growth through excellence. With their support, our philosophy of exceptional patient care can be paired with predictable, meaningful growth. We could not be more excited about the future of this new relationship,” said Dr. Escobar and Dr. Sarradet.
About Rose Dental
Founded in 1995 by two prominent Dentists, Dr. Rollin Sarradet and Dr. Sergio Escobar, Rose Dental is a premier dental group in Austin, Texas with over 40 dentists and hygienists that provide general, specialty, and cosmetic dentistry services. For more information, please visit www.rosedental.net.
About MBF Healthcare Partners
MBF Healthcare Partners (“MBF”) is a leading middle market healthcare private equity fund based in Coral Gables, Florida. Our strategy is to partner with exceptional management teams while leveraging MBF’s operating experience, domain segment knowledge, and tenured relationships to rapidly accelerate value creation. The partners of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly-traded healthcare companies. The MBF partners have managed and helped build some of the nation’s most innovative and successful healthcare companies such as Acorn Health, Concordia Care, Inc., Palm Medical Centers, Ramsay-HMO, Physicians Healthcare Plans Inc., Medical Specialties Distributors, CarePlus Health Plans, Inc., CAC-Florida Medical Centers, Hospitalists of America, Atlantic Dental, Inc., Navarro Discount Pharmacies and Nutri-Force Nutrition, LLC. For more information, please visit www.mbfhp.com.