Oral Surgery Partners (OSP), a leading and rapidly expanding oral surgery management organization, has announced a significant financial milestone. Backed by Sheridan Capital Partners (SCP), OSP has successfully closed a credit expansion exceeding $400 million. This substantial capital infusion, in partnership with funds managed by Neuberger Berman and Aquarian Investments, is set to propel OSP’s strategic initiatives for growth and further solidify its position in the dental healthcare sector.
This new funding round marks a significant step in OSP’s journey since its partnership with SCP in 2019. The collaboration has already fostered substantial investment in key areas such as personnel, advanced systems, and streamlined processes, all designed to accelerate growth. The year 2023 alone witnessed OSP incorporating 17 new practices across 11 states and attracting numerous skilled surgeons to its network. To effectively manage this expansion, OSP has also strengthened its corporate infrastructure by adding 25 new professionals across critical departments including finance, operations, marketing, human resources, and IT, including key C-Suite appointments like a Chief Operating Officer and Chief Human Resources Officer.
John Cline, Chief Executive Officer, stated, “This additional capital will empower OSP to significantly accelerate our growth strategy, which has been effectively executed over the past few years. It stands as a strong endorsement of the high-quality platform we have meticulously built. Our deliberate and successful approach to partnering with the right surgeon partners has been crucial, fostering mutually beneficial relationships that drive clinically-sound growth.”
Dr. Michael Parsons D.D.S., Co-Founder of Oral Surgery Partners and a practicing Oral Surgeon, emphasized the company’s culture, “I am proud of our surgeon-first organization and the robust support we receive from both the corporate team and Sheridan Capital Partners. We have cultivated a distinct culture that enhances our ability to deliver comprehensive operational support to our partner practices, allowing them to concentrate on providing exceptional patient care.”
Currently, Oral Surgery Partners supports surgical offices across 20 states, offering specialized management services to oral surgery practices. With this new financial backing, OSP is actively pursuing strategic add-on acquisitions and is dedicated to recruiting talented surgeons throughout the United States to join their growing network of oral surgery partners.
About Oral Surgery Partners
Headquartered in St. Louis, MO, Oral Surgery Partners is a premier management services provider dedicated to oral surgery practices. Supporting over 100 oral surgeons in more than 70 offices across 20 states, OSP ranks as one of the largest oral surgery-focused service organizations in the U.S. The organization delivers a comprehensive suite of support services tailored to the unique needs of oral surgery practices, ensuring operational excellence and fostering growth.
About Sheridan Capital Partners
Sheridan Capital Partners is a Chicago-based private equity firm focused on the healthcare sector’s lower middle market within the U.S. and Canada. Sheridan strategically partners with companies across providers and provider services, healthcare IT and outsourced services, and consumer health and medical products. They bring strategic resources and expertise to accelerate growth, build lasting value, and achieve significant results for their partner organizations.
