Aspen Dental Management (ADMI) will acquire ClearChoice Management Services (CCMS), which provides comprehensive practice support services to the nationwide network of ClearChoice Dental Implant Centers.
The 60 locations in the ClearChoice Dental Implant Centers network provide fixed, full-arch dental restorations for patients with missing or failing dentition, according to the companies. Meanwhile, ADMI represents more than 850 locations in 42 states, with a new office opening every four days.
The consistent growth of both Aspen Dental and ClearChoice Dental Implant Centers reflects the broad transformation happening across healthcare as consumers continue to demand more convenience and better access, the companies said.
“We’re incredibly excited about bringing together two brands that have a shared commitment to not only delivering dental care that helps restore patients to full function and health, but also creating positive, and often life-changing, patient experiences,” said Bob Fontana, chairman and CEO of ADMI.
“Today’s news is an important reminder of ADMI’s ability to quickly adapt to shifting market and demographic trends to support dentists as they provide patients with increased access to quality oral healthcare,” said Fontana.
Implants are the standard of care for tooth replacement and a key growth area across the dental industry, the companies said, as:
- Approximately 36 million Americans are missing more than 14 teeth.
- Implant-retained fixed, full-arch dental restorations have grown 8% annually since 2016.
- ClearChoice’s growth has outpaced other players with an annual growth rate of more than 20% and more than 100,000 smiles restored since its inception in 2005.
ClearChoice has built a network of dental implant centers led by prosthodontists and oral surgeons highly trained in dental implants who strive to deliver best-in-class patient experiences, the companies said.
ClearChoice and Aspen Dental also are highly complementary organizations, they said, each serving patients with end-stage periodontal disease, which is associated with a variety of health conditions including edentulism.
“We are excited to be joining forces with ADMI, as the partnership will provide us additional resources, infrastructure, and know-how to more efficiently support the ClearChoice centers and position the network for continued growth and success,” said Kevin Mosher, CEO of CCMS.
The organizations will focus on collaboration in areas where it will enhance patient care and the patient experience and drive value for Aspen Dental and ClearChoice practices and practice owners, they said.
“As a support organization, ADMI continues to build and strengthen the infrastructure, expertise, and core competencies that successful consumer healthcare brands need to accelerate their growth and fuel their success, while also giving providers the freedom to do what they do best: care for their patients,” Fontana said.
Subject to regulatory and other customary closing conditions, the acquisition is expected to close by the end of 2020.
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