December 7, 2021
“Mark Aichroth, Derek Schnack and Jesse Rodriquez are world-class executives who will drive UDC’s growth strategy and accelerate our momentum,” said Dr. Ray Khouri, Founder & CEO of United Dental Corporation. “Deepening our executive team give us additional leadership and expertise to be the pre-eminent DPO in the U.S. and replicate a business model that has been highly successful in three countries.”
The expanded management team will support UDC’s goal of acquiring 100 practices over the next 12 months. 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. In October, UDC raised a $5 million Series B Round led by High Speed Ventures. The round included $4 million from 61 dentists and individual investors.
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 introduce 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.
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.
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 udc.dental.
Greg Berardi, Blue Marlin Partners