MB2 Dental Raises $20M in ‘Sidecar’ Investment, Secures $150M Debt Line for Growth » Dallas Innovates

MB2 Dental, the Dallas-based dental partner organization, has raised a record $20 million for its ninth in-house “cart” investment vehicle, allowing its physician partners to invest in the company’s growth. In addition, the organization closed an amendment to its existing debt facility, providing a new $150 million delayed term loan, MB2 announced.

MB2 plans to use the recently raised funds to expand its network of more than 550 practices in 38 states and support upcoming acquisitions, the company said.

At a time when corporate boardrooms often drive healthcare decisions, MB2 says it’s taking a different approach. A dental partnership organization founded by Dr. Chris Steven Villanueva, hi say prioritizes partnership and the role of dentists in making decisions for their patients.

Dr. Villanueva expressed gratitude for the support of its lenders, including middle market private equity firm Charlesbank, for ensuring continued growth in a challenging environment.

“Leap of Faith”

In a company video, Dr. Villanueva recalls the early days of MB2 Dental, when banks were hesitant to lend money, and he took a leap of faith to build the company from scratch. MB2 Dental’s unique model consists of physician partners as shareholders, allowing clinicians to “run the show.” According to Dr. Villanueva, this approach helps the company compete with large corporations while maintaining its identity.

“Nasty still permeates the culture today,” he said in the video.

Stroller Investments.

In a statement, Dr. Villanueva expressed excitement about MB2 Dental’s physician partners participating in the organization’s record return on investment, underscoring the company’s commitment to prioritizing the success and financial well-being of its partners.

MB2 said that since the sidecar investment began, MB2’s physician partners have invested more than $75 million to support its growth. This capital offering allows physician partners to co-invest with MB2, which it says has been a long-standing opportunity made available exclusively to this group as part of MB2’s unique physician-centric model.

“We’ve come a long way”

From what it calls “humble beginnings in Texas” in 2007, MB2 has expanded its dental partnership model nationwide. “We’ve come a long way from a private practice and a vision to make dentistry better for doctors,” the company said on LinkedIn.

Since Villanueva founded the “first-of-its-kind” dental affiliate organization — literally coining the phrase — MB2 has partnered with hundreds of dentists. The goal, according to the company, is to help dentists “stay in the driver’s seat while maximizing their talents, connecting as part of a community and building exceptional wealth.”

MB2 says it is “much more” than a traditional dental aid organization or DSO. As a dental partner organization, MB2 wants to provide its partners with the tools they need to achieve their goals and achieve financial freedom, personal autonomy and continued prosperity – without working overtime.

The organization offers support in areas such as human resources and recruitment, accounting and financial services, procurement, marketing and development, among others. MB2 aims to do good for the profession and influence the future of patient care in dentistry.

Growth track

In 2022, MB2 Dental was number 2327 on the annual Inc. list. 5000, the most prestigious ranking of America’s fastest-growing private companies. This was the fourth time MB2 made the list.

MB2 Dental is also ranked #95 in Dallas, #222 in Texas, and #138 in Healthcare.

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