Cordental, a portfolio company of NMS Capital, has acquired two St. Louis area-based dental practices: John Monaco DDS and Elizabeth Johnson Burns DDS. No financial terms were disclosed.
Cincinnati, OH, and St. Louis, MO, May 2019 – CORDENTAL GroupTM (“CORDENTAL”), a portfolio company of NMS Capital (“NMS”), announced today that it has affiliated with two additional practices in the St. Louis, MO market. The first is John Monaco, DDS, PC located in South County. The second is Elizabeth Johnson Burns, DDS, PC located in St. Peters.
Dr. Monaco received his DDS degree from the University of Missouri, Kansas City School of Dentistry and subsequently relocated to St. Louis. He is extremely proud to have practiced in his current office in South County since 1993. Passionate about learning more about his profession, Dr. Monaco has amassed hundreds of hours of continuing education, with a special interest in the areas of implants, bone preservation, and surgical techniques of tissue grafting. He is a member in good standing in the American Dental Association, Missouri Dental Association and the Greater St. Louis Dental Society.
Dr. Burns has been practicing dentistry in the area for nearly 30 years and is dedicated to providing quality, comprehensive care with integrity and compassion. She attended University of Missouri Columbia before completing dental school at University of Missouri-Kansas City. Dr. Burns has also been actively involved with Youth in Need for 25 years. She has five children and two grandchildren and in her free time enjoys traveling, yoga, and hiking.
“With these affiliations, CORDENTAL now proudly supports five affiliated practices in the St. Louis area. Our goal of achieving market density within the geographic areas we support is coming to fruition in St. Louis,” said Steven Jones, Co-Founder and Chief Development Officer of CORDENTAL. “We are very excited to have the Monaco and Burns teams join the CORDENTAL family of affiliated practices and look forward to supporting their continued success.”
Dana Soper, Co-Founder and Chief Executive Officer of CORDENTAL commented “We are very pleased to affiliate with Dr. Monaco’s and Dr. Burns’ practices. Both teams embrace high levels of quality care and customer service and are aligned with CORDENTAL’s vision and values. As our footprint within the St. Louis market expands, we continue to fulfill our vision of becoming a leading dental support organization within the markets we serve.”
“After looking at several different opportunities, I am extremely pleased to have affiliated with CORDENTAL” said Dr. Monaco. “I feel strongly they will work hard to maintain the legacy I have created and take care of my staff and patients into the future.”
“When I first thought about a transition with my dental practice, I did not think I would end up with a dental service organization. It was important to me that we be able to continue to provide the personalized care for our patients that we have for almost thirty years” said Dr. Burns. “Meeting the team at CORDENTAL was not only eye opening, but a pleasant surprise. It was clear that we had shared values and goals. It will be the best of both worlds, as CORDENTAL takes care of the operations and I get to take care of my patients. I look forward to working with such a great group of people.”
Based in Cincinnati, OH, CORDENTAL Group™ is a dental support organization that provides business support services to affiliated dental practices across the Mid-Atlantic, Midwestern, and Southeastern United States. Founded upon strong guiding principles, CORDENTAL promotes a dentist-centric approach that allows dentists and their teams to concentrate on what they do best – provide the highest level of quality clinical care to their patients. For additional information on CORDENTAL Group™, visit the Company’s website at www.cordentalgroup.com
About NMS Capital
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services. For additional information on NMS, visit the firm’s website at www.nms-capital.com