Corporate Report: May 31

Sebring Software buys firms, adds $16 million financing
Sarasota-based Sebring Software Inc. has closed two mergers. It has added the business of Orthodontic Specialists Management LLC, which manages 31 orthodontic dental practices across Florida, and Absolute Aesthetic & Restorative and Image Dentistry of Glendale, which operates two dental practices in Arizona.

The two companies produced a combined $18 million in revenue in 2012. Founded in 2005 by Dr. Alan Shoopak, Orthodontic Specialists Management contains 15 doctors and has a centralized management office located in Clearwater. Dr. Byron Larsen and Dr. Mitch Ellingson created Absolute Aesthetic & Restorative and Image Dentistry in 2010.

The acquisitions were part of Sebring Software's planned expansion into the dental business. The company says both of its partners offered Sebring Software a platform from which to launch its unique software applications for the health care industry.