HighFive Healthcare – a leading specialty dental partnership organization focused on endodontics and oral surgery – recently announced that they have closed a $100 million growth investment led by Norwest. Norwest General Partner Dr. Ryan A. Harris and dental services industry veteran David Willens will be joining the company’s board of directors.
This strategic investment and partnership will enable HighFive to continue its rapid growth across the southeast United States and beyond. HighFive doctors and management, Krowten Capital, LLC, and Jemison Investment Co. also participated in the round.
The company experienced rapid growth last year, doubling its practice size through the acquisition of partnering practices and organic growth, and this momentum has continued in 2023. And from 2021 to 2022, HighFive’s headcount increased by 142% and annual revenue increased by 150%. Plus as specialty dental practices continue to consolidate across the country, HighFive is well-positioned to continue its positive trajectory.
KEY QUOTES:
“I am grateful for our doctor partners and the HighFive homebase team. Together we’ve led rapid innovation in the specialty dental space. Our partnership with Norwest will only strengthen our ability to support industry-leading specialists in providing the highest quality patient care. Norwest shares our collective belief that high-quality patient care starts with supporting the best doctor partners and teams across the country, and has an established track record of building leading brands and businesses.”
— HighFive Healthcare CEO and founder Chad Trull
“We’re excited to partner with HighFive in building a best-in-class specialty dental platform. In getting to know HighFive’s clinicians and corporate team, we’ve found a laser focus on outstanding patient care. Together we are dedicated to developing partnerships with the country’s most talented, driven specialty dentists while maintaining HighFive’s patient-centered culture.”
— Dr. Ryan Harris, General Partner at Norwest
“The transparency and culture of HighFive are unmatched. We are doing this totally differently. It is incredible to have the opportunity to own and manage a business of this scale, keep clinical autonomy, and watch the financial successes of all of my partners and peers.”
— HighFive partner Dr. David Roden DMD, MD
