White Oak Healthcare Finance acted as sole lender and administrative agent of a senior credit facility to Community Dental Partners (“CDP”). CDP is a specialty dental support organization (“DSO”) focused on pediatric dental practices and is a portfolio company of Boathouse Capital (“Boathouse”).
“There is a very big need for specialty and specifically pediatric DSOs in the marketplace as they relieve specialists from administrative burdens freeing them to focus solely on the practice of medicine,” said Ross Eldridge, EVP and Chief Originations Officer at White Oak. “CDP is one of the largest clinically entrepreneurial focused DSO’s supporting dentists who treat underserved patients and geographies, providing a crucial resource to their patient base.”
Founded in 2010 and based in Denton, TX, Community Dental Partners is a dental support organization that supports more than 70 practices across Texas, Georgia, and Indiana.
“It was great to work with the team at White Oak given their deep experience in healthcare and dental,” said Andrew Olsen, Partner at Boathouse. “White Oak took the time to understand CDP’s business and appreciate the value and differentiation of the company’s platform.”
Emmet Scott, CEO of Community Dental Partners stated, “With the White Oak financing, CDP will meaningfully expand its footprint into more states, thereby providing resources and support to more clinicians serving patients in historically underserved communities through a platform built for a growing number of entrepreneurial dentists.”