Image Specialty Partners is a specialty dental service organization focused on providing business and administrative services to specialty dental service providers.

Investment

N/A

Fund

ONCAP IV

Period

June 2022 - Present

ONCAP Team

Aly Hadibhai

Image Specialty Partners Hero

Transaction Summary

ONCAP acquired a majority interest in Image Specialty Partners (formerly “Ideal Dental Management Partners” or "Ideal") in June 2022.

Business Description

Image Specialty Partners™ (ISP) is a doctor-led specialty dental service organization focused on providing business and administrative support to specialty dental service providers. The Company partners with doctors who independently diagnose and treat their patients, providing orthodontic, pedodontics, oral surgery and other therapeutic services. ISP supports its partner doctors in delivering exceptional care through the latest innovation and technology, and the best patient experience possible. Image Specialty Partners and the independent specialty dental care practices it supports operate 35 locations on the West Coast.

Investment Thesis

ONCAP was attracted to Image Specialty Partners due to its: (i) reputation for exceptional quality of care; (ii) attractive opportunity for organic growth through the expansion of specialty dental services and new clinic locations; (iii) stable and growing industry with limited cyclicality; (iv) strong cash flow characteristics; (v) M&A expansion opportunity for new clinics given the fragmented nature of the industry and (vi) entrepreneurial and committed management team.