Aug 01, 2017, 14:12 ET
VANCOUVER and TORONTO, Aug. 1, 2017 /CNW/ - 123Dentist, the second-largest network of dental clinics in Canada, announced today the launch of its national platform and expansion into eastern Canada. The company and its affiliates now operate in partnership with more than 80 dental clinics in Ontario and British Columbia, with further plans to expand into other provinces in the near future.
123Dentist is led by its founder and CEO, Dr. Amin Shivji, an experienced and prominent leader in the Canadian dental services industry. "This transaction marks an exciting new chapter for Canadian dentists, hygienists and patients" said Dr. Shivji. "We believe that our national platform provides a flexible, sustainable and competitive offering, compared to other approaches to practice management." As part of establishing this national platform, Dr. Shivji has expanded his management team to include experienced operators and business builders from both inside and outside the dental industry.
"We are seeking to change the landscape and bring Canadian dentists together to provide exceptional service and care for their patients and the communities they serve" added Chris Fregren, CFO. "The company offers dentists at all career stages a simple, highly-effective alternative to practice ownership."
123Dentist offers its partner clinics a wide array of non-clinical support functions such as accounting, payroll, human resources, marketing and supply & equipment purchasing. It offers a unique model that is tailored to the specific needs and desires of each partner dentist, allowing them to have autonomy in their patient care philosophy while retaining an economic interest in their practices going forward.
"With our many years of experience owning and operating dental clinics in Canada, we have an unmatched expertise in providing dentists with the tools and support they need to shape the future of Canadian dentistry" said Dr. Shivji. "We have created a 'made in Canada' solution by dentists who understand the industry and who have been practicing in these communities for decades."
123Dentist is advised and supported by Vibrant Equity, a boutique firm based in Toronto focused on founding and advising businesses. "We are delighted to work with Dr. Shivji and the 123Dentist management team in achieving their objectives over the coming years" said Lane Theriault, Managing Director of Vibrant Equity. "The management team has developed a unique strategy that positions it well to become the national leader in Canadian dentistry services, and we are excited to be their partner."
123Dentist is a privately-held dental services organization based in Vancouver, British Columbia and Toronto, Ontario. It was founded by Dr. Amin Shivji, who is supported by a seasoned executive team with experienced company builders and operators across a variety of disciplines. For additional information, please visit http://doctors.123dentist.com/.
About Vibrant Equity
Vibrant Equity is a boutique advisory firm and team of hands-on founders and business builders, investment banking and private investment professionals with experience gained over decades launching, growing and acquiring businesses. Vibrant is focused on platform creation transactions that create value for business owners and investors alike, with an understanding that partnerships are what drive exceptional performance. For more information, please visit http://www.vibrantequity.com/.
For further information: Ali Bozorgzad, Executive Vice-President, at (604) 553-9007 or [email protected]
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