Shortly after launching with a $35 million capital commitment from Chicago Pacific Founders, the Marquee Dental Partners team has completed its first major acquisition. Marquee announced today that it has entered into an affiliation agreement with Embassy Dental, a multi-office, multi-specialty dental practice based in Nashville. By providing dentists with both the support and the clinical autonomy they need to succeed, Marquee enables them to focus their attention on providing the best oral healthcare services possible.
“We are honored that our first major affiliation agreement is with a practice group as vibrant and highly respected as Embassy,” said Marquee Dental CEO James Usdan. “By acquiring the business end of Embassy through this affiliation, Marquee has taken its first major step toward growing our footprint in the Mid-South.”
From the patient perspective, the transition will be seamless. Marquee Dental, which places heavy emphasis on dentists’ clinical autonomy, will leave in-place Embassy’s seven offices in the greater Nashville area, along with their staffs.
“Affiliating with Marquee Dental will allow our dentists to continue to focus on providing the highest quality care and growing their practices without being distracted by administrative paperwork,“ said Embassy Founder Dr. Warren Melamed. “The support Marquee will provide our dentists will be invaluable as we move forward.”
Marquee Dental CEO James Usdan is a seasoned leader who has served as CEO of three public companies and five private equity-backed firms, including having led or been a board member of four dental service companies. Joining Usdan are COO Christy Englehart, Chief Dental Officer Dr. Steve Hecklin, CFO Luke Lamphron and Vice President of Business Development Les Matthews. Embassy Founder Dr. Warren Melamed will remain actively involved with Marquee with a focus on acquisitions.
Marquee Dental plans to rapidly grow its practice roster in the coming months. The company will affiliate with dental offices and practice groups in growth markets with a history of providing high quality care, initially focusing in the Mid-South on markets including Tennessee, Kentucky and Alabama.
About Marquee Dental Partners
Marquee Dental is a premier dental support organization dedicated to making dentists and their patients the priority. By providing dentists with both the support and the clinical autonomy they need to succeed, Marquee enables them to focus their attention on providing the best oral healthcare services possible. Led by a team of highly accomplished industry veterans, the company was founded in 2015 with an investment of $35 million from Chicago Pacific Founders. For more information, visit www.marqueedentalpartners.com.
About Chicago Pacific Founders
Chicago Pacific Founders (“CPF”) is a strategic healthcare investment fund focused exclusively on healthcare services, led by former healthcare CEOs and senior executives with a passion and track record of building healthcare businesses. CPF is actively looking to partner with organizations focused on delivering the highest quality of service to patients, providers and payers. The fund will invest up to $75 million of equity capital per opportunity in growth, minority recap and buyout transactions for cash flow positive businesses. CPF currently has investments in the senior living, behavioral health and dental industries.