Revealed: Oct. 19, 2021 at 6:00 AM MDT|Up to date: 2 hours in the past
NEW YORK, Oct. 19, 2021 /PRNewswire/ — Spark Orthodontics, a number one orthodontic group follow with 10 places of work in Pennsylvania, and wherein Rock Mountain Capital holds a major minority funding, immediately introduced the acquisition of Cumberland Pediatric Dentistry & Orthodontics of Tennessee. Monetary phrases of the deal weren’t disclosed.
Cumberland’s eight places of work within the Nashville, TN space will retain the Cumberland identify and can roll up underneath Spark Orthodontics. Cumberland’s 4 founders, Brent Miller, DDS; Jennifer Home, DMD; Jack Stalker, DDS; and Peter Wojtkiewicz, DMD, will turn out to be members of the Spark administration crew.
With this acquisition, Spark turns into a multi-specialty follow, protecting the complete pediatric dental and orthodontic lifecycle, from 18 months of age by way of maturity.
“What’s most enjoyable about this acquisition is that we’re considerably increasing the breadth of our follow and growing the providers we provide, whereas sustaining the excessive caliber of affected person take care of which we’re recognized,” mentioned Dr. Jason Hartman, founder, Spark Orthodontics. “Cumberland is greatest in school and its management crew will carry new and complementary experience to the Spark administration crew. We’re wanting ahead to working collectively and studying from one another as we develop the corporate. As we enter a brand new market with this acquisition, we additionally proceed to deal with our plans to increase within the Pennsylvania area and bordering states, and into new markets with the best companions.”
“We knew that we wished to seek out the right associate and an organization whose philosophy intently matched our personal,” mentioned Dr. Miller. “We’re delighted to affix the Spark crew and imagine we’re getting in on the bottom ground of one thing really thrilling. That is going to be a fast-moving practice into the long run and we’re wanting ahead to working intently with the Spark and Rock Mountain Capital groups.”
“This acquisition positions Spark extraordinarily effectively for continued enlargement whereas sustaining deal with offering the superb affected person care and repair that units it aside,” mentioned David Scharf, Managing Director, Rock Mountain Capital. “This acquisition will permit Spark to take items of what every enterprise does greatest, leverage greatest practices and innovate, setting the corporate up for additional progress within the pediatric dentistry area.”
In April 2021 Rock Mountain Capital introduced a major minority funding in Spark Orthodontics.
Spark Orthodontics was based in 2010 by Dr. Jason M. Hartman, D.M.D., M.S. The follow is understood for its modern workplace designs and is well known as a frontrunner in orthodontics. Dr. Hartman obtained a Bachelor’s diploma from Muhlenberg Faculty, Magna Cum Laude; a D.M.D. from the College of Pennsylvania Faculty of Dental Medication; and an M.S. from the Columbia College Faculty of Dental Medication. He’s a Licensed Diplomate of the American Board of Orthodontics, a level of acknowledged excellence. In 2012 Dr. Hartman was named Certainly one of America’s “Prime 40 Dentists Below Age 40″ by Incisal Edge Journal and has led Spark to the Inc 5000 checklist a number of instances.
Rock Mountain Capital
Rock Mountain Capital is a personal fairness agency based by business veteran David Stonehill, who brings over 25 years of expertise investing in and rising center market firms. Rock Mountain focuses on working with entrepreneurs and administration groups within the client items & providers, expertise, media & telecom (TMT), and consumer-facing healthcare providers sectors to speed up organizational growth, execute on natural progress alternatives and pursue strategic M&A and roll-up/consolidation methods.
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