San Francisco, CA - August 17, 2018 - Serent Capital, a San Francisco-based private equity firm focused on investing in fast-growing software and services businesses, has acquired Senior Dental Care, a leading dental care provider for nursing homes.
Senior Dental Care offers full-service dental plans for nursing homes and their residents. To promote better access to quality care, Senior Dental Care offers plans featuring no copays, deductibles or pre-authorizations. For qualified Medicaid recipients, these services are available at no additional cost to the patient. Dental services include preventative (exams, teeth cleanings, fluoride treatments, etc.), restorative (fillings, extractions), and prosthodontics (denture maintenance, dentures, denture adjustments).
"At Senior Dental Care, we strive to deliver the best in professional dentistry services to nursing homes for those who want more convenience, good oral health and a genuine reason to smile," said CEO Tony Layne.
Scott Frigon, President of Senior Dental Care, added, "Our model has been successful, serving thousands of patients, in over 1,500 nursing homes. With Serent Capital's additional capital and expertise, we can embark on our next phase of growth and focus on realizing our full potential as a business."
Senior Dental Care plans to continue to optimize its service offering to better serve current patients, while expanding its sales and marketing efforts to reach a larger number of patients in more nursing homes throughout the country.
"We are very excited to work with Tony, Scott, and the rest of the team at Senior Dental Care. We were impressed by the company's track record of serving the critical needs of their patients," said David Kennedy, Partner at Serent Capital. "They truly care about improving the lives of their customers and the company's success to date demonstrates that. We are thrilled to collaborate with Senior Dental Care to pursue further growth and the expansion of their mission to a greater number of people."
Serent's investment in Senior Dental Care represents its eighth investment in the healthcare sector. Prior Serent healthcare investments include Axiom Medical (2018), Diversified HealthCare Resources (2015), Via Health (2013), Outreach Services (2012), United Allergy Services (2012), Cardon Outreach (2011), and Equinox Healthcare (2010).
About Senior Dental Care
Senior Dental Care was founded in 1999 in Blountstown, FL to address a growing need for convenient access to quality dental care by both nursing homes and their residents. Senior Dental Care orchestrates this much-needed care, provided in the comfort of their patients' familiar surroundings. For more information on Senior Dental Care, visit www.myseniordentalcare.com.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent helps growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.com.
