Roundtable Healthcare Partners, a leading private equity firm focused exclusively on the healthcare industry, has announced the acquisition of DDS Lab, a prominent national dental laboratory. This strategic move signifies RoundTable’s ongoing commitment to strengthening its portfolio within the healthcare sector and capitalizing on DDS Lab’s established market presence and comprehensive service offerings in the dental industry.
DDS Lab, headquartered in Tampa, FL, is recognized as a leading dental laboratory across the United States. The company provides a full spectrum of dental prosthetic solutions, including fixed crown and bridge restorations, removable dentures, implant-supported prosthetics, and orthodontic appliances. Built upon a foundation of superior craftsmanship and a dedication to quality, DDS Lab has become the preferred partner for over eleven thousand dentists nationwide. The financial details of this acquisition by RoundTable Healthcare Partners were not disclosed.
Tom Kapfer, Managing Partner at RoundTable Healthcare Partners and the newly appointed Chairman of the Board for DDS Lab, commented on the acquisition: “DDS Lab has distinguished itself as a national leader and a reliable partner for both dental service organizations and independent dental practitioners. We are particularly impressed by DDS’s centralized manufacturing model, their strategic investments in cutting-edge digital technologies, and, most importantly, their unwavering focus on customer satisfaction and product excellence. RoundTable Healthcare Partners is enthusiastic about collaborating with Bart Doedens and the entire DDS Lab management team to support the company’s continued growth trajectory.”
Bart Doedens, Chief Executive Officer of DDS Lab, also shared his perspective: “My decision to join DDS Lab last year was driven by my conviction in the company’s technology-driven approach and its ability to deliver superior outcomes for dentists and their patients. This commitment to quality and innovation will enable DDS Lab to attract new clients and expand our engagement with our existing customer base. We are excited to partner with RoundTable Healthcare Partners and leverage their extensive operational expertise to strategically expand our business.”
This acquisition of DDS Lab represents the second equity investment from RoundTable Healthcare Partners’ $700 million Equity Fund V, highlighting the firm’s active investment strategy within the healthcare landscape. The financing for the transaction included senior debt provided by Capital One Healthcare, with contributions from CIBC and CIT. Senior subordinated notes were provided by RoundTable Capital Partners III, RoundTable’s dedicated subordinated debt fund. Sidley Austin LLP served as the exclusive legal advisor to RoundTable Healthcare Partners in this transaction.
About DDS Lab
Established in 2005, DDS Lab is a nationally certified, full-service dental laboratory specializing in the production of custom dental prosthetic appliances. DDS Lab serves a diverse clientele, including dental service organizations, mid-sized group practices, and independent dentists throughout the United States. The company’s headquarters are located in Tampa, Florida. For further information regarding DDS Lab’s comprehensive range of products and services, please contact 877-337-7800 or visit www.ddslab.com.
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, based in Lake Forest, IL, is an operationally-focused private equity firm exclusively dedicated to the healthcare industry. RoundTable partners with healthcare companies that can benefit from the firm’s extensive network of industry relationships and proven expertise in operations and transactions. RoundTable has a strong and consistent history of successful partnerships with owner/founders, family-run businesses, management teams, entrepreneurs, and corporate entities who share a vision for growth and recognize the value creation potential of RoundTable’s partnership model. To date, RoundTable Healthcare Partners has raised $3.45 billion in committed capital, encompassing five equity funds totaling $2.85 billion and three subordinated debt funds totaling $600 million. Additional information about RoundTable Healthcare Partners can be accessed at www.roundtablehp.com.
SOURCE RoundTable Healthcare Partners
