A fast-growing, Colorado Springs-based dental practice group expects that growth to accelerate even more thanks to a major investment by a Los Angeles-based private equity investment firm.
Varsity Healthcare Partners declined to say how much it invested in Peak Dental Services, but Varsity says on its website that it makes investments of $10 million to $60 million in medical and other health care providers, payers and service providers. Started in 2008 by now-CEO A.J. Peak with plans to consolidate dental practices, Peak Dental owns or operates 35 dental practices with 65 dentists and 400 employees in Colorado. Historically, we have acquired and started new practices and we plan to accelerate that with 12 to 15 practices a year, Peak said. The dental industry is consolidating much like other parts of the health care market. Our goal is to keep or accelerate the pace of our expansion. We could expand to 50 to 60 practices in Colorado, but we need to go out of state and are making