Insights
Oct 09, 2019 | News

The Fortune Group Advises Midwest OMS on its Recapitalization and Partnership with Oral Surgery Partners

The Fortune Group is pleased to announce that it has advised Midwest Oral Maxillofacial & Implant Surgery (Midwest OMS), the largest oral surgery and dental implant practice management group in the St. Louis region, on its recapitalization and partnership with Oral Surgery Partners, a portfolio company of Sheridan Capital Partners, a healthcare-focused private equity firm based in Chicago. Terms of the transaction were not disclosed.

“This transaction is an exciting development for our group and positions us for future growth,” says Dr. Jeff Kratky, a Midwest OMS shareholder. “In addition to obtaining a premium valuation, The Fortune Group developed a deal structure that addressed a variety of issues – both short term and longer term – associated with a multi-provider practice management group,” according to Cory Welker, President of Midwest OMS. “It was quite an undertaking and The Fortune Group played a key role in achieving an excellent outcome for all of the group’s partners.”

Founded by Dr. Michael Parsons in 2001, and headquartered in Chesterfield, Missouri, Midwest OMS has grown to seven surgeons operating from six office locations in the St. Louis region. The size and reputation of the practice, along with the depth of experience of its management team, made Midwest OMS an attractive platform for expansion. Sheridan’s infusion of capital and extensive experience with other healthcare services investments will allow Midwest OMS to expand throughout the region.

“For specialists in private practice who are ready to learn more about opportunities available in the rapidly changing healthcare practice landscape, we can help them explore their options,” says John Hull, partner at The Fortune Group. “If appropriate, TFG can organize and execute a carefully managed process that generates a number of attractive proposals from which healthcare practice owners can select a partner that represents the best cultural fit for them, their colleagues, and their employees.”

“As a firm focused on investing in the healthcare services businesses, we recognized the opportunity that Midwest OMS represents,” says Sean Dempsey, partner at Sheridan Capital. “Midwest OMS has built a strong team and a great culture, and we are excited about partnering with them for continued growth and success.”

ABOUT THE FORTUNE GROUP
Founded in 1987, The Fortune Group is a mergers and acquisitions advisory firm serving middle market companies considering a sale or recapitalization of their business. With over 200 years of combined dealmaking experience, the firm has established itself as a leader in creating value for its clients by completing transactions that meet both financial and strategic objectives. Learn more at fortunegrp.com.

For All Inquiries
John Hull, Managing Director, The Fortune Group, (314) 881-1188, jhh@fortunegrp.com