In a recent “Power to the Partners” video, MB2 emphasizes that dentists don’t sit behind desks, they go to school to help their patients. [Video screenshot]
MB2 Dental, a Dallas-based dental partnership organization, has raised a record $20 million in its ninth internal investment “sidecar” vehicle, enabling physician partners to invest in company growth. In addition, the organization has completed modifications to its existing debt facility and secured a new delayed withdrawal term loan of $150 million, MB2 said.
MB2 plans to use its recently raised funding to expand its network of more than 550 practices across 38 states to support future acquisitions, the company said.
At a time when corporate boards often make healthcare decisions, MB2 says it will take a different approach. Founded by Dr. Chris Steven Villanueva, the Dental Partnerships organization says it prioritizes partnerships and the role of dentists in making decisions for their patients.
Dr. Villanueva thanked lenders for their support, including mid-market private investment firm Charlesbank, in ensuring continued growth in a challenging environment.
“Leap of Faith”
In a company video, Dr. Villanueva recalls MB2 Dental’s early days when banks were hesitant to lend money, and he had great faith in building the company from scratch. MB2 Dental’s unique model allows clinicians to ‘run the show’ by structuring physician partners as shareholders. According to Dr. Villanueva, this approach helps the company maintain its identity while competing with larger companies.
“Junk is still pervasive in culture today,” he said in the video.
“Sidecar” investments
In a statement, Dr. Villanueva expressed excitement that MB2 Dental’s physician partners are participating in the organization’s record return on investment, confirming the company’s commitment to prioritizing the success and financial well-being of its partners. emphasized.
Since the launch of the “sidecar” investment, MB2 Doctor Partners has invested more than $75 million to fuel its growth, according to MB2. The IPO will allow the doctor’s partner to invest alongside her MB2. This, he said, is a long-standing opportunity afforded only to this group as part of MB2’s unique physician-centric model.
“We’ve come a long way”
MB2 has grown its dental partnership organizational model nationally from what it called “humble beginnings in Texas” in 2007. The company said on his LinkedIn:
MB2 has partnered with hundreds of dentists since Villanueva founded the ‘first’ dental partnership organization. The goal, according to the company, is to help dentists “stay in the driver’s seat as they maximize their talents, connect as part of a community, and build extraordinary wealth.”
MB2 says it is “much more” than a traditional dental support organization (DSO). As a dental partnership organization, MB2 wants to provide partners with the tools they need to reach their goals and achieve financial freedom, personal autonomy and continued prosperity without overtime.
The organization provides support in areas such as human resources and recruitment, accounting and financial services, procurement, marketing and development. MB2 aims to do good for the profession and influence the future of patient care in dentistry.
growth track
In 2022, MB2 Dental ranks #2327 on the Inc. 5000 annual list, America’s most authoritative ranking of the fastest growing private companies. It’s the fourth time MB2 has made the list.
MB2 Dental ranked 95th in Dallas, 222nd in Texas, and 138th in medical services.
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