RoundTable Healthcare Partners (“RoundTable”), an operating-oriented private equity firm focused exclusively on the healthcare industry, announced that it has acquired DDS Lab (“DDS” or the “Company”). DDS, headquartered in Tampa, FL, is a leading national dental laboratory offering a comprehensive line of fixed crown and bridge, removable, implant and orthodontic products. The Company’s focus on craftmanship and quality has made DDS the primary lab of choice for over eleven thousand dentists across the U.S. Financial terms of the transaction were not disclosed.
“DDS has established itself as a leading national lab and trusted partner to its dental service organization and independent dentist customers,” commented Tom Kapfer, RoundTable Managing Partner, and Chairman of the Board for DDS. “We are impressed with the Company’s centralized manufacturing, investments in digital capabilities, and, most importantly, its commitment to customer service and quality. RoundTable looks forward to partnering with Bart Doedens and the entire management team as DDS embarks on its next phase of growth.”
Mr. Doedens, the Company’s Chief Executive Officer, added, “I joined DDS last year because I believed the Company’s technology-driven approach produces better outcomes for dentists and their patients. This commitment to quality will allow DDS to continue to win new customers and grow our wallet share with our existing customer base. We look forward to working with the RoundTable team and leveraging the firm’s operating expertise as we continue to strategically grow our business.”
DDS represents the second equity investment from RoundTable’s $700 million Equity Fund V. In addition to RoundTable’s equity, senior debt financing was provided by Capital One Healthcare and included CIBC and CIT. Senior subordinated notes were provided by RoundTable Capital Partners III, RoundTable’s captive subordinated debt fund. Sidley Austin LLP acted as exclusive legal advisor to RoundTable in this transaction.
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Source: Biospace