Parkview Dental Partners Expands with Acquisition of Lifetime Smiles Dental Care

Deal News | Jan 29, 2025 | Cathay Capital

Parkview Dental Partners Expands with Acquisition of Lifetime Smiles Dental Care

Parkview Dental Partners, a prominent Dental Support Organization supported by Cathay Capital, has revealed the acquisition of two Lifetime Smiles Dental Care practices located in Sarasota and St. Petersburg, Florida. This follows Parkview's recent acquisition of Breezy Dental in Tampa, solidifying its strategic expansion within Florida's Gulf Coast region. Lifetime Smiles, with a decade-long reputation for comprehensive dental care, is renowned for its patient-driven culture and enduring support of its clientele. The acquisition was warmly received by both parties; Lifetime Smiles' owner, Dr. Christopher Donato, highlighted the operational and administrative advantages that would enhance their focus on patient care under Parkview's ownership. The practices will maintain the Lifetime Smiles brand name, attesting to its regional recognition. Parkview, based in Sarasota, aims to bolster its network of like-minded dental professionals, providing support to ensure clinical excellence and superior patient experience. Backing from Cathay Capital, a global force in private equity, underscores Parkview's growth ambitions, hinting at further expansion within the healthcare sector.

Sectors

  • Healthcare
  • Private Equity

Geography

  • United States – The transactions occur within the U.S., specifically in the state of Florida, impacting local dental care markets.
  • Florida – Specific focus on the Gulf Coast region within Florida where the acquired dental practices are located.

Industry

  • Healthcare – The acquisition of dental practices pertains to the healthcare industry, focusing on offering dental care services.
  • Private Equity – Involvement of Cathay Capital, a private equity firm that supports growth and expansion in the healthcare sector.

Financials

  • More than $5.5 billion – Assets managed by Cathay Capital, reflecting its capacity to support acquisitions and investments.

Participants

NameRoleTypeDescription
Parkview Dental PartnersAcquirerCompanyA dental support organization focusing on clinical excellence and patient experience.
Lifetime Smiles Dental CareTargetCompanyA dental care practice known for comprehensive services and a patient-focused approach.
Cathay CapitalPrivate Equity FirmCompanyA global investment firm supporting Parkview Dental in its acquisition and growth strategy.
Dr. Christopher DonatoOwner of Lifetime Smiles Dental CarePersonOwner of the acquired dental practices expressing optimism about the partnership.
Dr. Tyler BranscombeDentist at Lifetime SmilesPersonPart of the skilled team supporting the practices in Sarasota and St. Petersburg.
Dr. Leronne PereraDentist at Lifetime SmilesPersonKey member of the dental team contributing to the practice's patient care.