Dentalcorp Enters the U.S. With Landmark Acquisition of Florida's Northstar Dental Partners

First U.S. partnership marks a new chapter for Dentalcorp

TORONTO & BOCA RATON, Fla.--(BUSINESS WIRE)--Dentalcorp, one of the largest and fastest-growing networks of dental practices in North America, today announced its entry into the U.S. market with the acquisition of Northstar Dental Partners, a group with 21 supported dental practices headquartered in Boca Raton, Florida. The partnership, the company's first in the United States, represents a seminal moment in Dentalcorp's history.

Led by founder and CEO, Dr. Jordan Tomalty, Northstar is one of Florida's most respected dental groups, known for the quality of its practices and the strength of its clinical and support teams. Since its inception, Northstar has grown strategically across the state of Florida and now serves thousands of patients from coast to coast.

"Fifteen years ago, we set out to build a fundamentally different kind of dental organization, one that puts world-class support behind the teams who deliver care, and today that vision extends across North America," said Graham Rosenberg, CEO and Founder of Dentalcorp. "Northstar is an exceptional company, and Dr. Tomalty is exactly the caliber of partner we look for as we expand across the United States."

Dr. Tomalty will retain an ownership position in the business and will be instrumental to Northstar's continued growth. Combined with Dentalcorp's supported practices in Canada, this acquisition brings the network to over 650 supported practices across North America.

"Northstar stood out on every measure that matters: quality of care, caliber of talent and a culture of excellence," said Nate Tchaplia, President of Dentalcorp. "Dr. Tomalty and his team set a high bar as our first U.S. partnership, and that is exactly where we want it. As we continue to expand across North America, we remain relentlessly focused on partnering with groups of similar quality, and our robust pipeline of partnership opportunities clearly demonstrates that our value proposition is resonating with the industry."

"Northstar was built on a simple idea: dentists deserve a support partner who lets them put their patients first and best utilize their skills and independent clinical judgment," said Dr. Tomalty, Founder and CEO of Northstar Dental Partners. "In Dentalcorp, we found a team that lives those same values and brings the scale, resources and support capabilities to take what we've built even further. We are thrilled to partner with Dentalcorp and excited about the many opportunities ahead."

Financial terms of the transaction were not disclosed.

Advisors
Dentalcorp's advisors on the transaction included: McDermott Will & Schulte LLP as legal counsel, Plante Moran as financial advisor, as well as Baker Tilly, KPMG and Marwood as tax, commercial and regulatory advisors, respectively. Weil, Gotshal & Manges LLP, Goodmans LLP and Latham & Watkins LLP also served as legal advisors to Dentalcorp on related corporate matters.

Greenberg Traurig and Galvan Messick served as legal counsel to Northstar Dental Partners.

About Dentalcorp
Dentalcorp is one of the largest and fastest-growing dental support organizations in North America, providing support for a network of over 650 practices with nearly 6 million patient visits annually. Dentalcorp partners with leading dental professionals to deliver technology-enabled care through its model of frictionless dentistry, removing the operational and administrative barriers that slow clinical excellence. For more information, visit dentalcorp.com.

About Northstar Dental Partners
Headquartered in Boca Raton, Florida, Northstar Dental Partners is a dentist-led group of 21 practices serving communities across South Florida, the Treasure Coast, Southwest Florida and Central Florida. For more information, visit northstardentalpartners.com.