MidOcean Partners Announces Affinity Dental Management Adds Two New Practice Affiliations to Growing Platform
September 20, 2017
Affiliations further enhance Affinity’s presence as a leading dental services organization in New England
NEW YORK, September 20, 2017 – MidOcean Partners, a premier middle market private equity firm focused on consumer and business services, today announced that portfolio company Affinity Dental Management, Inc. (“Affinity”), a dental services organization that provides comprehensive management and administrative support services for dental practices, has affiliated with Akram E. Rafla, D.M.D., P.C. and Endodontic Associates of Marlboro, Inc., led by Marta-Orrego-Rafla. Financial terms of the transaction were not disclosed.
Located in Worcester, Massachusetts, Dr. Akram Rafla’s practice provides periodontal care to patients, with services in implants and oral medicine. Located in Marlborough, Massachusetts, Dr. Marta-Orrego-Rafla’s practice provides comprehensive endodontic services to its patients. The practices will be supported by Affinity, which provides comprehensive practice management and administrative support services for practices across Massachusetts, Connecticut and Vermont.
With this strategic addition, Affinity expands its network of affiliated practices into the Central Massachusetts market. Affinity’s dental services organization model allows dentists to focus their efforts on patient care and not administration, yielding significant benefits to patients, providers and payors. Affinity supports 20 general and specialty dental offices in their efforts to provide world-class clinical care for patients.
Dr. Craig Saltzman, CEO of Affinity said, “We are very excited to affiliate with Dr. Akram Rafla and Dr. Marta-Orrego Rafla. Both are proven leaders in providing exceptional care and building successful practices. We look forward to supporting both practices in providing high-quality management and administrative services, allowing them to continue delivering superior care to patients, efficiently and effectively.”
Elias Dokas, Managing Director at MidOcean Partners added, “We continue to build one of the region’s leading dental services organization and believe Affinity is an attractive option for dental practices, as demonstrated by this latest affiliation. With the continued strong leadership of Affinity’s CEO, Dr. Craig Saltzman and its Chairman and MidOcean Management Affiliate, Marc Aronstein, we believe there is substantial opportunity to leverage Affinity’s growing platform to serve additional practices and facilitate further organic growth within the practices Affinity currently supports.”
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About MidOcean Partners
Established in 2003, MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since inception, the focus of the private equity funds has been on high-quality middle market companies in the U.S. with attractive strategic, operational and financial growth opportunities in the Consumer and Business Services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $6.4 billion across a series of alternative credit strategies, collateralized loan obligations (“CLOs”), and customized separately managed accounts. For more information, please visit MidOcean’s website (www.midoceanpartners.com).
About Affinity Dental Management
Affinity Dental Management is a dental services organization that provides comprehensive practice management and administrative support services for practices across Massachusetts, Connecticut and Vermont. Affinity’s primary focus is supporting its affiliated practices in their efforts to provide excellent clinical care for patients. Affinity is also committed to providing world-class support services to its practices, which it believes creates the best possible outcome for patients, clinical providers and payors.
About Akram E. Rafla, D.M.D.
Located in Worcester and Marlborough, Massachusetts, Akram E. Rafla’s practice provides periodontal care, with services in implants and oral medicine, to patients from Central Massachusetts and the MetroWest. For more information, please visit Akram E. Rafla’s website (www.akramrafladmd.com).
About Endodontic Associates of Marlboro
Located in Marlborough and Worcester, Massachusetts, Endodontic Associates of Marlboro is a specialty practice dedicated exclusively to endodontic care serving the MetroWest and Central Massachusetts for over 25 years. Services include root canal therapy, retreatment, root canal surgery, cracked teeth and treatment of traumatic injuries. For more information, please visit Endodontic Associates of Marlboro’s website (www.endo-associates.com).
MidOcean Media Relations Contacts
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Gasthalter & Co.
MidOcean Investor Relations Contact
Spencer Potts/Bradley Tipper