Parkview Dental Expands with Acquisition of Dr. Wendt's Practice
Deal News | Mar 07, 2025 | Cathay Capital
Parkview Dental Partners, supported by Cathay Capital, has successfully expanded its operations by acquiring Dr. Douglas C. Wendt, Jr.'s periodontics practice in Brandon, Florida. Rebranded as Ross and Wendt, Periodontics and Dental Implants, this move marks Parkview's 25th practice establishment, solidifying its presence on Florida's West Coast. The acquisition is strategic, allowing Parkview to enhance its service offerings to meet the region's growing demand. Dr. Wendt will hand over the reins to Dr. Ken Ross, an experienced periodontist poised to continue the practice's legacy. Rene Sauerteig, CEO of Parkview, emphasized the acquisition's importance in broadening service offerings and improving patient care. Cathay Capital's role underscores its commitment to fostering growth and innovation in health-related sectors, spotlighting this as one of its numerous global investments across healthcare, technology, and consumer industries.
Sectors
- Healthcare
- Private Equity
Geography
- United States – The acquisition takes place in Brandon, Florida, and Parkview Dental's headquarters are located in Sarasota, Florida. Cathay Capital, although global, is connected through their presence in the U.S.
Industry
- Healthcare – The acquisition involves dental practices, which fall under the broader healthcare sector. Parkview Dental's expansion through acquiring specialized periodontics services highlights a growth strategy in dental healthcare.
- Private Equity – Cathay Capital is a private equity and venture capital firm, indicating involvement in investments and funding sectors beyond traditional healthcare, focusing on growth and transformational opportunities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Parkview Dental Partners | Bidding Company | Company | A dental service provider based in Sarasota, Florida, focused on expanding its operations through strategic acquisitions. |
| Cathay Capital | Financial Backer | Company | A global private equity and venture capital firm supporting various industries, including healthcare. |
| Dr. Douglas C. Wendt, Jr. | Selling Company | Person | The founder of the periodontics practice in Brandon, Florida, which has been acquired by Parkview Dental. |
| Dr. Ken Ross | New Partner | Person | A periodontist with over 25 years of experience joining the newly acquired practice to lead it. |