Canada’s largest dental practice support organization (DSO) Dentalcorp has expanded its portfolio by 21 clinics by acquiring Northstar Dental Partners — a dental network operating in Florida. This event marked the Canadian company’s first step beyond its own country.
Northstar was founded in 2013 by dentist and executive director Jordan Tomalti as a second location of a family dental practice. Today, the network spans regions of South Florida, the Treasure Coast, and the southwestern and central parts of the state.
According to Tomalti, both enterprises adhere to the principle of prioritizing patient interests and clinical judgment independence of physicians, which makes them natural partners. The founder of Northstar will retain a stake in the business and will continue to contribute to the network’s development. The financial terms of the deal were not disclosed.
Nathan Chaply, president of Dentalcorp, noted that Northstar meets the company’s high standards. “As we expand throughout North America, we are focused on partnering with organizations of similar quality, and our portfolio of opportunities demonstrates that our model is attractive to the industry,” he clarified.
As a result of the acquisition, the total number of practices supported by Dentalcorp exceeded 650. Approximately six million patients pass through its clinics annually.
Dentalcorp’s development model allows practice owners to realize the value of their businesses, potentially while retaining financial interest and the right to clinical practice. At the same time, physicians gain access to centralized support in the areas of administration, human resources management, technology implementation, and procurement optimization, while maintaining clinical independence.
In January of this year, Dentalcorp was acquired by investment funds affiliated with American private equity firm GTCR. The deal, closed on January 14, valued the company’s shareholder capital at 2.2 billion Canadian dollars.
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