Marquee Dental Partners Solidifies Growth Through Refinance
NASHVILLE, Tenn., February 4, 2020 (Newswire.com) - Marquee Dental Partners, one of the largest Dental Service Organizations in the Southeast, recently refinanced its existing credit facility, securing a commitment from Crestline Investors, Inc., of Fort Worth, Texas to support its ongoing growth initiatives. The new structure provided capital support in Marquees close of 7 recent acquisitions in 2019, and will be further used for additional acquisitions, de novos and general corporate operating expenses.
Marquee Dental Partners CEO Fred Ward stated, “Crestline’s support is significant as we continue building dentistry in our core market of Nashville, and as we expand into other very attractive growth markets. Our strong reputation for high engagement and support post acquisition is helping us develop a very strong pipeline. Consistent with our growth plan, we thought the time was right to pursue another round of financing. Crestline rose to the top because of their belief in our vision and confidence in our growth strategy. With their support, 2020 will be a transformative year for our company.”
Marc Strauss, Managing Director for Crestline said that “Crestline was attracted to Marquee given the strength of its platform and leadership. In addition, we were excited to support Chicago Pacific Founders, a leading healthcare services private equity platform.”
“What a great time to work in the dental space. The population is aging, and more people seem interested in improving their overall health. Both developments along with improved dental technology provide patients, for example, opportunity to replace dentures with dental implants and elevates the importance of patient education leading to better oral health. As studies show, better oral health improves overall health,” said Ward, who went on to say, “With several major dental schools and so much clinical talent in our geography, we will continue our expansion providing existing and new populations with outstanding dental care across Tennessee, Kentucky and Alabama.
About Marquee Dental
Marquee Dental is a premier dental support organization dedicated to making dentists and their patients the priority. By providing dentists with both the support and the clinical autonomy they need to succeed, Marquee enables them to focus their attention on providing the best oral healthcare services possible. Led by a team of highly accomplished industry veterans, the privately held company is based in Nashville, Tenn. For more information, visit www.marqueedentalpartners.com.
Source: Marquee Dental Partners