US dental platform Archway Dental Partners has received an investment from healthcare-focused private equity company Martis Capital and Din Ventures.
Based in Danbury, Connecticut, Archway Dental, which was launched in partnership with Dental Associates of Connecticut (DACT), has been serving the community since 1971.
The organisation currently supports 70 dentists in 23 locations in Connecticut, offering integrated oral healthcare across various dental specialities.
Using the latest investment, Archway Dental aims to position itself as a multi-specialty dental provider in New England and the Northeast.
Archway Dental CEO Adam Richichi said: “We believe that partnership is the key to the future of the dental industry, and with the support of Martis Capital and Din Ventures we are accelerating our growth plans in new and existing markets.
“We are an organisation of dentists for dentists and exist to push the boundaries of the quality of care we provide and the career and practice support for our providers.”
Din Ventures, a private equity company based in Chicago, specialises in the lower to middle market and has significant expertise within the dental industry.
It holds an ownership interest in Maya Dental, a dental partnership group in the Midwest.
Meanwhile, Martis Capital, which has a presence in Washington, DC and San Francisco, is a healthcare-focused private equity company.
Since its inception in 2011, Martis Capital has raised over $2.2bn from a global base of institutional clients, focusing on investments in the middle-market North American healthcare sector.
Martis Capital partner Chris Beall said: “We have built a strong thesis around the multi-speciality dental market opportunity and could not be more excited to partner with the dentist owners of Archway Dental.
“We are grateful to build upon DACT's long history and are confident the Archway Dental platform will continue to support the highest quality dentists delivering care across the Northeast region.”