LOS ANGELES & STAMFORD, Conn.--(BUSINESS WIRE)--Varsity Healthcare Partners (“VHP”), a leading healthcare services private equity investment firm, announced today the close of a growth investment and partnership with Peak Dental Services (“Peak” or “the Company”). Based in Colorado Springs, Colorado, Peak is a leading dental services organization with 35 locations throughout Colorado supporting a network of over 65 dentists.
VHP is partnering with Peak and its management team – led by Founder and CEO A.J. Peak – to build and consolidate patient-centric general and specialty dental practices in regions with strong population and economic growth. Peak empowers providers with high quality support services and offers the benefits of practice ownership without the administrative burdens. Approximately one-third of Peak’s providers are also owners in the Company. Peak’s unique model of extensive training, centralized support services, provider partnership, and predictive site selection capabilities has enabled the Company to achieve industry leading organic same store sales growth and exceptional patient satisfaction with a +80 Net Promoter Score.
In partnership with VHP, Peak will execute an aggressive growth strategy focused on de novo clinic openings and acquisitions across Colorado and into adjacent geographic markets. Peak’s management and providers will remain significant shareholders in the Company.
Mr. Peak commented, “Since our founding, our #1 core value has been to put the patient and dentist experiences first. Our goal is to be the customer experience leader in operating dental practices while improving the lives of our providers. VHP embraced our vision and we are delighted to partner with them to help in these efforts and accelerate Peak’s growth.”
About Peak Dental Services
Founded in 2008, Peak Dental Services is one of the fastest growing dental services organizations in the United States with 35 locations supporting over 65 generalist and specialist dentists across Colorado. Peak is committed to improving the dentist experience through high quality non-clinical support services while maintaining exceptional patient satisfaction and clinical outcomes. Peak continues to rapidly expand through de novo clinic openings and acquisitions. For more information please visit: www.peakdentalservices.com.
About Varsity Healthcare Partners
Varsity Healthcare Partners is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build leading healthcare services companies. Varsity has been successful in developing and executing a tailored value creation plan, in partnership with the leadership of each company, that typically emphasizes an appropriate investment in infrastructure followed by an aggressive organic and acquisition growth strategy. Varsity draws upon its extensive healthcare industry experience and relationships, as well as its hands-on partnership approach to effectively drive growth and maximize value. For more information please visit: www.varsityhealthcarepartners.com.