Smile Doctors, the largest and fastest-growing orthodontic support organization in the U.S., announced the successful completion of a capital raise of over $550 million. The funding round, funded by doctors and several large domestic and international healthcare investors, will support the network in continuing its industry-leading affiliation growth, enhance its strategic investments in technology, and expand its support staff capabilities. This funding round comes as the company has just completed a strong quarter and added several new partnerships.
Blackburn Family Orthodontics (Texas), Weaver Orthodontics (Arkansas), Smith Smile Orthodontics (Georgia), Weissman Orthodontics (Alabama), and Smiles of Ohio (Ohio) are the newest partners to join the Smile Doctors family. And the Smile Doctors network now includes more than 400 affiliated locations.
Affiliated practices have access to various services, including human resources, onboarding, marketing, accounting and finance, revenue cycle management, supply chain, legal, and operations. They also benefit from Smile Doctors’ turnkey relationships with leading vendors and gain access to the latest cutting-edge technology, which will be enhanced across the patient and provider experience.
Smile Doctors is on a mission to positively impact their patients’ lives, their team members, and the communities they serve, one smile at a time. To learn more about becoming a Smile Doctors partner, visit smiledoctorspartners.com.
KEY QUOTES:
“We’ve generated significant growth over the last three years, and we’re excited to be at a point where we have partnered with such incredible and innovative doctors. We continue to attract new doctors and invest in technology that contributes to the patient-first culture we are committed to at our organization. The strong reaction from the investment community – especially during the current economic environment – is an indication of the strength of our business, and through our capital partners and doctors, we believe can keep up the momentum and continue to shape the future of the orthodontic industry.”
— J. Hedrick, CEO of Smile Doctors
“Since starting my practice seven years ago, I’ve had awesome mentors help me along the way. Over the past four years, each of my mentors has joined Smile Doctors. After numerous conversations, I realized that to take both my practice and my personal life to the next level, partnering with an OSO was the next logical step and it was very apparent that Smile Doctors was a perfect fit for me and my team.”
— James Blackburn, D.D.S., M.S.D. of Blackburn Family Orthodontics in Katy, TX, who became part of the Smile Doctors network in Q2
