NASHVILLE, Tenn.–(BUSINESS WIRE)–Southern Orthodontic Companions (SOP) closed partnerships with three practices within the second quarter of 2021. The brand new practices have been in key strategic goal markets for SOP – Higher Houston, Texas and Central Virginia – bringing SOP’s footprint to a few whole practices in each geographies. New companions embrace Dr. James “Jim” Hanigan and Dr. Daniel Johnson of Hanigan + Johnson Orthodontics (Houston, TX), Dr. Diana Almy of Fredericksburg Orthodontics (Fredericksburg, VA), and Dr. Larry Scarborough of James River Orthodontics (Henrico, VA).
These further associate practices in each Texas and Virginia align with SOP’s infill or “land and develop” technique to create density with main practices in enticing markets. This connectivity allows SOP to deploy operational sources effectively to bolster development, physician connectivity, and workforce growth. Lately celebrating its two-year anniversary because the firm was based in the summertime of 2019, SOP has now grown to 11 associate practices with 22 medical doctors and 22 places throughout 5 states all through the Southern United States.
Hanigan + Johnson Orthodontics, a two-doctor follow with three places outdoors of Houston, TX, joined in Might 2021. Since 2000, the model has been well-renowned in its group for prime buyer satisfaction and loyalty, evidenced by their 5-star common ranking throughout greater than 550 evaluations. They’ve important development plans with SOP to capitalize on their sturdy current enterprise and new development areas of Houston, together with a near-term physician addition and the opening of a fourth location.
“In an trade that’s predominately single physician house owners, having Jim and Daniel onboard, who’ve constructed a 50/50 partnership, has further strategic relevance. Hanigan + Johnson have additionally constructed an amazing template and success system for opening their places and can now marry that with SOP’s advertising and marketing and operational excellence to permit this to occur faster, quicker and with extra ease,” shares John Nelson, CEO of Southern Orthodontic Companions.
Dr. Almy joins as the primary feminine associate within the SOP community. She may also be a member of the SOP Affiliate Management Constitution, working alongside Emily Leonard, SOP Chief Individuals Officer, and Dr. Scott Blackman, SOP Founding Physician, to assist our concentrate on creating an distinctive expertise for the following technology of medical doctors. Fredericksburg Orthodontics is an exceptionally sturdy follow that skilled important development in 2020 regardless of the COVID pandemic. The Fredericksburg workforce has achieved VIP Diamond Plus Invisalign standing and obtained quite a few accolades together with 2021 High Dentist by Virginia Residing Journal and 2021 Better of the ‘Burg’.
Dr. Almy tasks important impacts of the long run partnership, “I’ve all the time felt so blessed to be an orthodontist and enterprise proprietor and now by partnering with SOP, my journey and blessing continues with what I predict would be the most sought-after OSO within the trade as a result of unimaginable workforce and imaginative and prescient current at SOP.”
The newest addition to SOP, James River Orthodontics, is a extremely modern and consumer-friendly follow, recognizing a number of awards as a prime supplier in Richmond, together with “Better of Virginia” and “High Orthodontist” by Richmond Journal for 9 years operating. James River Orthodontics is two-doctor, single-location follow led by Dr. Scarborough and Dr. Wyatt Loflin. The follow is a Diamond Plus Invisalign supplier and within the prime 1% of all practices throughout the nation when it comes to Invisalign quantity.
Present SOP Accomplice Physician, Bart Weis of Charlottesville Orthodontics compliments the addition of the neighboring follow, “James River Orthodontics is precisely the form of associate we seemed ahead to constructing a collaborative community with right here in Virginia. We now have rapidly constructed an exceptionally sturdy and thrilling partnership in Virginia with whom we are able to share greatest practices and develop even stronger.”
“My workforce and I are thrilled to work alongside the SOP workforce and medical doctors to leverage sources and greatest practices for continued growth and enchancment. We’re very happy with how JRO has grown over time and I’m assured SOP will assist my follow keep on the chopping fringe of the altering market. I could not be extra excited for this subsequent chapter and to assist take SOP to the following stage,” famous Dr. Scarborough.
About Southern Orthodontic Companions
Based mostly in Nashville, TN, Southern Orthodontic Companions gives strategic, operational and administrative assist to orthodontic professionals, enabling clinicians to concentrate on offering the very best high quality of scientific care. Accomplice medical doctors preserve their model and native autonomy whereas benefiting from investments in development, know-how infrastructure and human capital. SOP goals to be the premier orthodontic companies supplier within the South by partnering with medical doctors who’re dedicated to offering the very best stage of scientific care and a first-class buyer expertise. Extra details about Southern Orthodontic Companions may be discovered at www.southernop.com.
About Shore Capital Companions
Shore Capital is a Chicago-based non-public fairness agency centered on microcap investments inside the Healthcare, Meals and Beverage, Actual Property, and Enterprise Service industries. Shore helps administration companions with capital, enterprise growth experience, and trade data to speed up development, fund acquisitions, and generate worth for shareholders. Shore targets investments in confirmed, profitable non-public firms with superior administration groups, steady money move, and important development potential, together with natural development and development via trade consolidation. Shore has $1.2 billion of fairness capital beneath administration via varied funding automobiles. For extra data, please go to www.shorecp.com.