Corporate Report: May 13

Coast Dental acquires California firm
Coast Dental Services Inc. of Tampa has agreed to buy the assets of Dental Technology Inc., a company that operates as SmileCare, and Community Dental Services Inc., a California licensed health care service plan.

Dental Technology Inc. and its subsidiaries operate 57 SmileCare dental practices in California, Nevada and Texas. It employs 1,200 staff members, including 130 dentists.
The transaction is expected to close upon final approval by the California Department of Managed Health Care.

Coast Dental provides dental care in the Southeast and operates 125 dental practices in Florida and Georgia. The addition of SmileCare expands Coast Dental's operating footprint outside the Southeast and will make the Tampa company the fifth-largest dental provider in the United States with 182 affiliated practices and 2,200 employees. All SmileCare dental centers will continue to operate under the SmileCare brand name.