USA: US-based dental platform Archway Dental Partners has secured a significant investment from healthcare-focused private equity firms Martis Capital and Din Ventures. This financial infusion aims to facilitate the expansion of Archway Dental’s multi-specialty dental services in New England and the Northeastern United States.
Archway Dental’s Established Presence and Vision
Founded in Danbury, Connecticut, in collaboration with Dental Associates of Connecticut (DACT) in 1971, Archway Dental currently operates across 23 locations in Connecticut, supporting a network of 70 dentists. The organization has been a pillar of the community, providing integrated oral healthcare services across various dental specialties.
Archway Dental’s CEO, Adam Richichi, expressed the importance of partnership in the dental industry’s future, stating, “We believe that partnership is the key to the future of the dental industry, and with the support of Martis Capital and Din Ventures, we are accelerating our growth plans in new and existing markets.”
Investment Details and Strategic Focus of Din Ventures and Martis Capital
Din Ventures, based in Chicago, specializes in the lower to middle market, with notable expertise in the dental industry. The company holds an ownership interest in Maya Dental, a dental partnership group in the Midwest. On the other hand, Martis Capital, with a presence in Washington, DC, and San Francisco, focuses on healthcare investments in the middle-market North American healthcare sector.
Martis Capital, which has raised over $2.2 billion since its inception in 2011, sees substantial potential in the multi-specialty dental market. Partner Chris Beall emphasized their excitement to collaborate with the dentist owners of Archway Dental and build upon DACT’s established history. He stated, “We are grateful to build upon DACT’s long history and are confident the Archway Dental platform will continue to support the highest quality dentists delivering care across the Northeast region.”
The partnership signifies a strategic move to strengthen the multi-specialty dental landscape, aiming to provide high-quality dental care across a broader region. Archway Dental’s growth plans, backed by Martis Capital and Din Ventures, indicate a promising trajectory for enhanced dental services in the Northeastern US.
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