Keystone Capital, Inc. (“Keystone”) is pleased to announce the formation of Foundation Dental Partners (“Foundation”), an Alpharetta, Georgia based dental support organization which has been founded to provide doctor-owners with a unique, dentist-friendly partnership alternative. Keystone is excited to build Foundation alongside CEO Adam Ditto who brings 15+ years of dental management experience.
As part of its formation, Foundation has partnered with two general dentistry practices in metro Atlanta and South Carolina which will continue to operate under their respective brand names while leveraging strategic, administrative, and back office support from Foundation. Keystone and Foundation are investing heavily in corporate infrastructure while pursuing additional practice acquisitions in attractive markets across the Southeastern U.S.
“We are thrilled to begin our partnership with Keystone,” noted Adam Ditto, CEO of Foundation. “This has been a unique experience building Foundation from day one and Keystone’s patient, long-term approach to investing personal capital has been the perfect fit for Foundation and truly resonates with our partner practices.”
“We are excited to get Foundation off the ground with two attractive practices,” commented Kevin Overby, Vice President at Keystone Capital. “We, Adam, and the rest of the Foundation team see a tremendous opportunity to provide an alternative to the traditional DSO model and believe we have created a business that will be the ‘partner of choice’ for doctor-owners.”
Foundation is actively seeking acquisitions of single and multi-location, private-pay general dentistry practices with an initial focus on the Southeastern U.S. Parties with knowledge of potential opportunities are encouraged to contact Keystone Capital.
Terms of the transaction are not being disclosed. Senior debt financing was provided by Wintrust Bank and legal counsel was provided to Keystone by Honigman LLP.