Quad-C Management Sells Dental Care Alliance

Quad-C Management recently reported that the firm and its management partners recently sold Dental Care Alliance (DCA), a multi-branded, dental-practice management company to New York-based private equity firm Harvest Partners.

Terms of the deal were not disclosed.

DCA, based in Sarasota, Florida, operates across eight states and serves more than 150 affiliated dental offices. The company provides back-office support to affiliated practices, ranging from human resources and marketing to purchasing, accounting and insurance management, as well as other services.

According to a release, Quad-C originally acquired DCA in May of 2012, backing the existing management team led by chief executive officer Mitch Olan and chief financial officer Dave Nichols. During Quad-C's three year ownership, revenues nearly doubled as a result of strong organic growth and more than 20 affiliations.

"This was a great investment for Quad-C," said Tony Ignaczak, president of Quad-C. "We backed an incredibly strong management team in a healthcare sector we were targeting where we thought we could add value."

"When we partnered with Mitch and Dave in May 2012, we believed this exceptional management team could drive market-leading results with the appropriate support," added Frank Winslow, a partner at Quad-C. "However, we have far exceeded expectations and feel DCA is now one of the most attractive companies in the dental services sector."

Olan noted, "We have appreciated Quad-C's expertise in healthcare services and their collaborative approach to accelerating DCA's growth over the past three years. As a result of their support of significant investments in new affiliations, personnel and infrastructure, we are not only a much larger company today, but more importantly better positioned to serve our growing base of patients and affiliated dentists."

More information and complete details:

www.dentalcarealliance.net

www.quadcmanagement.com

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