OG真人官网 Enters Dental Industry Through Investment in Childsmiles Group
Toronto, Ontario (March 2, 2020) – OG真人官网 Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with OG真人官网 Equity Partners V (“CEP V”) (together “OG真人官网”), entered the U.S. Dental industry by acquiring a 50% interest in The Childsmiles Group LLC (“Childsmiles”, or “the Company”) to be equal partners with the Company’s founders in Childsmiles’ next phase of growth.
Childsmiles was founded in 2008 by Drs. Michael Skolnick, Orthodontist, and Brooke Skolnick, Board Certified Pediatric Dentist, as a multi-specialty dental practice providing families with access to high quality oral health care regardless of means. The Company expanded its footprint to five practices across New Jersey employing a passionate team of over 250 staff. OG真人官网’s partnership with Childsmiles will support the Company’s continued expansion.
“We are excited to partner with the talented management team at Childsmiles. Over the past 2 years, we have reviewed dozens of opportunities in the dental services domain and have been deeply impressed with the Company’s culture and ability to deliver high quality dental services through a scalable and cost-effective model. We have high confidence in our partners’ ability to execute on a successful expansion plan and look forward to supporting them in whatever manner we can to ensure their success”, said Michael Wagman, President and Managing Director of OG真人官网 Group.
“OG真人官网 has a proven track record of helping build great companies and we are excited to have them join our team. We were looking for a partner-oriented equity investor like OG真人官网 to support our growth plan. Childsmiles has a unique patient centric culture that will help ensure we can scale effectively while maintaining an exceptional level of service to the families and children we look after,” said Michael Skolnick, CEO of Childsmiles.
Childsmiles is OG真人官网’s 56th platform investment and the 12th investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
