MIAMI--(BUSINESS WIRE)--United Dental Corporation (UDC), whose Dental Partnership Organization (DPO) model has had a 98% retention rate in Australia, New Zealand and Canada, today announced it has raised a Series B Round of $5 million led by High Speed Ventures.

The round includes approximately $4 million in capital from 61 dentists and individual investors through High Speed Ventures, which brings early and mid-stage investment opportunities to the clients of High Speed Alliance (HSA). HSA is a Registered Investment Advisor that serves as a Family Office for entrepreneurial dentists and doctors across the U.S. The remaining $1 million is from private individual investors.

This new round of capital brings to more than $6 million the amount raised by UDC to date.

�The investment by so many doctors is another validation of our powerful DPO business model,� said Dr. Ray Khouri, Founder & CEO of United Dental Corporation. �Not all Dental Service Organizations (DSO) are the same. UDC�s model enables doctors to accelerate growth and maximize compensation while retaining complete autonomy and gaining an equity stake in UDC, if they so choose.�

Dr. Forrest Bryant, CEO of High Speed Ventures said: �As a dentist who sold his own business in a private equity transaction, and as an Advisor for many of our clients� successful exits, I have carefully evaluated many DSOs. UDC�s proven partnership model is clearly the best I�ve seen. It truly provides the autonomy doctors should demand, while realizing the full potential and value of a practice. This is a rare opportunity for our dentist investors to be in the capital stack so early in the process.�

Sean Cortis, Co-Founder and Chief Financial Officer of UDC said, �High Speed Ventures is a strategic investor that understands the power of our model and is committed to our vision. We look forward to Dr. Bryant�s service on our advisory board and to benefit from the expertise and intellectual capital of the entire High Speed Ventures team.�

UDC pioneered its business model in Australia and New Zealand, where Khouri launched and then sold Dental Corp. to Bupa Dental Corp. � now the largest dental network in both countries � for $600 million 2013. The model was then replicated in Canada, where Dental Corp. was launched and sold for $400 million to Canada�s pension fund. The company was subsequently sold to the private equity firm L Catterton for $1.6 billion in 2019 and today is listed on Canada�s stock exchange with a current market cap of approximately $2.9 billion as of Nov. 1, 2021.

The new capital is intended to support UDC�s growth target of acquiring 100 practices over the next 12 months and serving a U.S. market that generates more than $123 billion a year in revenue by 200,000 dentists. The company is focused on the top 10% to 20% best performing doctors in their fields who generate $2 million to $50 million or more in revenue.

UDC supports top-tier doctors by providing capital, technology, marketing, procurement, human resources, legal, and accounting services. If you're a dentist, investor or both, click here to contact UDC.

About UDC

United Dental Corporation (UDC) is a Dental Partnership Organization (DPO) that partners with high-performing dentists seeking to maximize the value of their practice. Founded by Dr. Ray Khouri, UDC provides doctors with full autonomy to run their business with support from a nationwide professional services organization that delivers complete support for non-clinical functions. UDC is based on the same business model that has resulted in a 98% doctor retention rate in Australia, New Zealand and Canada. For more information about UDC, visit us at www.udc.dental.

Contacts

Greg Berardi, Blue Marlin Partners

415-239-7826, [email protected]