CARROLLTON, Texas--(BUSINESS WIRE)--MB2 Dental, the first and largest dental partnership organization (DPO) nationwide, proudly reflects on a year of significant achievements and continued dedication to supporting doctor partners.
Throughout 2024, MB2 Dental has demonstrated exceptional development and a steadfast commitment to improving the profession while preserving clinical autonomy for its doctor partners.
“This has been an amazing year for us, with tremendous growth and unwavering commitment to our mission. I am incredibly proud of our doctor partners and employees for their dedication and passion. Together, we are leading the way and transforming the future of dental care,” said Dr. Chris Steven Villanueva, MB2 Dental’s founder and chief executive officer. “We will continue to empower our doctor partners to positively impact our profession and their communities, while elevating patient care. We accomplished so much over the last year and I am filled with confidence and excitement for the future of our company.”
Key achievements and milestones that defined 2024:
Expansion and Growth
- New Practices: MB2 Dental expanded its network by adding 108 new practices, reaching a total of more than 750 by year-end.
- New States: The company's growth into Iowa, Massachusetts, South Carolina, Vermont and West Virginia increased its national footprint to 44 states.
- Patient Reach: With this expansion, the company completed 4 million patient visits, showcasing its growing influence and commitment to patient care. This also highlights success in building a robust network of dental professionals committed to excellence.
Strategic Investments
- Strategic Financing: In February, the company secured $2.3 billion in unitranche debt financing for future acquisitions and advancement, highlighting its robust financial health and strategic vision.
- Recapitalization: In November, the business received a $525 million investment from Warburg Pincus, marking the third recapitalization in seven years. This significant investment will provide liquidity options to doctor partners and support further expansion, ensuring they remain a leading organization in the dental industry.
Investments in People and Properties
- Empowering Doctors: Launched MB2U, a program empowering associate doctors to transition into practice ownership with expert-led training, business tools, and central support. Through quarterly events, MB2U fosters peer connections while helping doctors maintain control of their practices and benefit from the resources of a larger organization.
- Growing Community: At the end of 2024, MB2 Dental now has more than 11,000 team members, including more than 1,700 doctors and over 500 support team members.
- Headquarters Expansion: The company's Carrollton, Texas headquarters was expanded with a 16,000-square-foot building in early 2024, and a third 16,280-square-foot location is planned for early 2025.
Philanthropic Efforts and Awards
- Nonprofit Foundation: The MB2 Family Foundation, the corporation’s 501(c)(3) charitable organization, supports its employees beyond their professional roles. The Family Foundation provided $1,000 scholarships to 15 deserving students this year. The Foundation also provided more $230,000 in grants to team members across the country who faced financial hardships, as well as those impacted by natural disasters.
- Community Service: MB2 Dental continued its commitment to community service with the seventh-annual Dental Jamaica Mission Trip, serving over 350 patients who received more than 500 essential dental care procedures.
- Prestigious Awards: Winner of the 22nd Annual American Business Awards for Best Entrepreneur (Dr. Villanueva) and a silver for Company of the Year (Health Products & Services – Large Category). Dr. Villanueva was also recognized by the Dallas Business Journal on its inaugural C-Suite Leader awards.
Why Doctors Choose MB2 Dental
- Clinical Autonomy and Support: MB2 Dental empowers its doctor partners to retain full clinical autonomy while offering comprehensive support services, including HR, finance, marketing, payer strategy, procurement, and much more.
- Financial and Growth Opportunities: Doctor partners benefit from financial advantages such as access to capital, economies of scale, equity opportunities, and the resources to expand their practices.
- Community and Culture A collaborative environment, reducing isolation and helping partners achieve a better work-life balance by offloading administrative burdens.
Looking Ahead
MB2 Dental is focused on disciplined growth, prioritizing partnerships with dentists who align with its vision and values. The company will continue expanding into new states and strengthening its presence in key markets while investing in technology, infrastructure, and education to support its doctor partners. With the backing of its recent recapitalization, MB2 is well-positioned to strengthen its multispecialty network, foster collaboration among practices, and enhance patient care. As the DSO field evolves, MB2 remains committed to its doctor-first philosophy, balancing scalability with personalized support to drive long-term success.
About MB2 Dental
Dallas-based MB2 Dental is a first-of-its-kind dental partnership organization founded in 2007 and led by dentist and entrepreneur Dr. Chris Steven Villanueva. MB2 Dental was the first group to introduce the DPO model when it was born from Dr. Villanueva’s practice and soon resonated with his colleagues, quickly growing through doctor referrals.
MB2 Dental’s model is designed to preserve the integrity of the dental profession in a rapidly consolidating market. The Company empowers dentists to preserve their profession by ensuring clinical autonomy and providing resources and support to its doctor owners.
Since its founding, MB2 Dental has partnered with more than 750 general and specialty dental practices across 44 states. The Company has undergone three recapitalization events, most recently partnering with private equity firm Warburg Pincus in 2024.
For more information, visit www.mb2dental.com or connect with the Company on Facebook, LinkedIn and Instagram.