Aligned Dental Partners
A privately held Sarasota, FL dental consulting and advisory company Announces the merger of 15 dental companies with 20 founding partners operating 21 dental practice locations in the state of Washington.
SARASOTA, Fl., February 2nd, 2021 - Aligned Dental Partners, one of the nation’s leading consulting and advisory firms to emerging dental groups and DSOs, is pleased to announce the formation of Evident Alliance, a merger of fifteen dental companies in the state of Washington. The new doctor-owned, doctor-led company operates 21 dental practice locations throughout the greater Seattle area. Evident Alliance is comprised of General, Periodontal and Endodontic office locations. The group is well capitalized and poised for rapid and expansive growth throughout Washington and the surrounding states.
Evident Alliance’s founders had been collaborating as an Affiliation/GPO (Group Purchasing Organization) dating back to 2012 under the initial vision of Dr. Will Fernyhough and his operating dentist partners. The company recruited Brent Fernyhough to join the organization as its CEO and to expand the GPO services provided to their members while “seeking to give individual dentists a voice; to collaborate in a way to maintain the highest quality of care for our patients in an environment of reduced compensation from payors”…(Dr. Will Fernyhough, cofounder Evident Alliance). Brent’s passion for solving complex business problems allowed the company to successfully grow under the GPO model while providing a cohesive environment for dentists in Washington to flourish and receive some of the economies of scale of larger DSOs.
“By 2013, the doctors had received immense pressures culminated by a large payor fee reduction. At that time we knew we needed to take action to secure and preserve a legacy in quality dentistry. It was through exhaustive meetings and years traveling the country, collaborating with different types of Dental groups and learning their inherent advantages and disadvantages, that the way forward gained clarity” (Brent Fernyhough, CEO, Evident Alliance).
In 2019, Aligned Dental Partners was brought in to provide strategic advisory to launch the company, build their operating platform, and fulfill the company’s vision of turning the GPO into a full scale operating Dental Support Organization. “We wouldn’t get the opportunity to do this without Aligned Dental Partners” (Dr. Shane Ness, co-founder Evident Alliance). “The key here is in the name. They were true partners with us in forming this company. Chris McClure, John McClure and Dr. Alex Giannini and their team kept us on the road…They offered insight, options and information in a manner that felt like they were supporting the individual dentist partners best interests but also nurturing the vision for Evident Alliance at the same time. I feel a bit like there was a parental dynamic happening. Anyone with kids knows that we’ll get out the door quicker if we tie their shoes for them. Aligned never tied our shoes for us, rather they helped us learn to do that for ourselves.”
“Evident Alliance is unique because it is doctor-owned and doctor-led from the top down. We all saw that we were starting to work harder for less and knew we needed to make a change”. (Dr. Tom Quickstad, co-founder Evident Alliance). “We’re truly a team. We are many founding dentists, twenty partners to be exact, who somehow managed to come together for the good of the group and for the good of our profession and our patients. During our formation we did an amazing job listening to everyone’s perspectives, supporting each other while we struggled through hundreds of hours of meetings during a pandemic to put our vision in motion with our identity stamped firmly on it.” (Dr. Shane Ness, co-founder Evident Alliance).
Evident Alliance offers operational and management support to their affiliated dental practices in all non-clinical aspects of dentistry including staffing, human resources, patient scheduling, revenue cycle management, financial reporting and analysis, and marketing among various other support functions. The vision is to enable their associated dentists and specialists to focus exclusively on delivering high quality patient care while maintaining a stress-free environment unencumbered by the day-to-day tasks of practice management.
“Evident Alliance is a truly unique alternative for entrepreneurial dentists. This is a grass-roots DSO built from the inside out. The company delivers value and support to its respective practices and members as a priority over economics. Too often, DSOs today are built through “financial engineering” by consolidating practices on an income statement; this is a true dental support organization where every member today is a partner and is supported with the tools to be a successful clinician. (Chris McClure, Co-founder, Aligned Dental Partners).
Robert A. Marchant, Esq. from Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel to Evident Alliance throughout this transaction.
About Aligned Dental Partners
Aligned Dental Partners (ADP) is an innovative dental consulting company. ADP works exclusively with emerging DSOs, group practices, and entrepreneurial dentists. Practitioners and their business teams work with Aligned Dental Partners to develop their platform, increase EBITDA, and drastically grow their company's value. ADP helps dental companies centralize their non-clinical functions and supports their management teams, allowing dentists and specialists to focus on patient care. Aligned Dental Partners’ leadership team has successfully worked with 1,000’s of practices, groups, and DSOs throughout North America in both management and consulting capacities. ADP’s team has been supporting the business of dentistry for over 30 years and has successfully built, operated, and transitioned dentist-owned and dentistled groups to accomplish their goals while achieving premium valuations.
For more information on Aligned Dental Partners, please contact:
John McClure [email protected]: (717) 817-4555