Tenex Capital Management has sold Smile Design Dentistry to Heartland Dental, highlighting significant growth under Tenex's ownership and positioning for future expansion.

Information on the Target

Tenex Capital Management has successfully completed the sale of Smile Design Dentistry, a prominent dental service organization (DSO) based in Florida. With 60 operational practices, the Company employs over 65 dentists, more than 100 hygienists, and a support staff exceeding 150 members. As one of Florida's largest DSOs, Smile Design specializes in general dentistry, hygiene, and specialty procedures, effectively catering to both commercial payors and private pay markets.

Since partnering with Tenex in October 2018, Smile Design has seen significant growth, more than doubling its revenue and EBITDA. This impressive growth can be attributed to various operational improvements, strategic personnel hires, and the acquisition of over 20 additional locations.

Industry Overview in Florida

The dental industry in Florida is expansive and competitive, characterized by a high demand for comprehensive dental care solutions. With a diverse population and growing awareness of dental health, t