Provident Healthcare Partners (“Provident”), a leading healthcare investment banking firm, has announced that it advised Parkview Dental Partners (“Parkview”), a portfolio company of Parkstone Growth Partners, on its partnership with Cathay Capital (“Cathay”). Parkview is a dental service organization (DSO) that currently manages 22 dental practices throughout Southwest Florida, providing both general dentistry and specialty dental services. This investment marks the inaugural North American investment from Cathay’s Growth Private Equity Fund (Small Cap IV), which concluded its final close in June 2023.
The deal team at Provident was led by managing director Michael Patton, director AJ Shekar, and vice president Chris Schlesinger.
Hill Ward Henderson provided legal counsel to Parkview, while Haynes Boone acted as legal counsel to Cathay Capital.
Lou Marinaccio, managing partner of Parkstone Growth Partners, commented, “It was a pleasure working with the Provident team and we are thrilled with Parkview’s new partnership with Cathay. Provident ran an efficient process that provided the company with multiple high-quality partnership options, and ultimately helped us identify and close with an investor who is well-positioned to support Parkview’s next chapter of growth. The Provident team understood our goals and worked diligently to achieve a great outcome at every step of the process.”
Mark Woods, partner and head of North American private equity at Cathay Capital, said “We are excited to partner with Parkview Dental Partners as it is uniquely positioned in the DSO market. It was a pleasure working with the Provident team on this transaction.”
Ricky Roman, director at Cathay Capital, added, “The Cathay team looks forward to leveraging our healthcare services and buy-and-build experience to accelerate the growth of Parkview as the Company seeks to expand on its market-leading position in Southwest Florida. We think highly of the Provident team and enjoyed working with them on this partnership-oriented deal.”
“Will Schlotthauer, Dr. Ken Liszewski, and the Parkstone team have built a premier DSO platform that has resonated with patients and providers in southwest Florida. Parkview is well positioned for rapid growth with the tools and financial backing Cathay brings to the partnership,” commented Patton.
About Parkview Dental
Parkview Dental is a dentist-founded dental growth and management partnership that distinguishes itself from corporate Dental Service Organizations (DSOs). Headquartered in Sarasota, Florida, its mission is to support like-minded dentists who prioritize providing clinically excellent care and an exceptional patient experience. The company offers the highest level of operational support and opportunities for professional growth.
For more information, please visit: www.parkviewdp.com.
About Cathay Capital
Cathay Capital is a global private equity and venture capital investment firm that supports healthcare, technology, and consumer companies across North America, Europe, and Asia. The firm assists middle-market companies and startups in seizing opportunities for growth, international expansion, and sustainable transformation. Established in 2007 with a strong entrepreneurial legacy, Cathay Capital now manages over $5.5 billion in assets. It has executed more than 250 investments across various sectors, including healthcare, technology, and consumer, with offices in Paris, New York, San Francisco, Munich, Berlin, Madrid, Shanghai, Beijing, Shenzhen, and Singapore.
For more information, visit: www.cathaycapital.com.
About Provident Healthcare Partners
Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation services for healthcare companies. The firm possesses in-depth knowledge of market sectors and specialties, including dental services.
Provident also offers unparalleled experience and insights into the M&A process, collaborating with a diverse range of investors, including private equity firms and strategic consolidators.
For additional information, visit www.providenthp.com or follow Provident on LinkedIn.
