- April 24, 2026
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A large dental support organization based in Sarasota has entered into what it calls a “strategic transaction” to position the business for long-term growth. Dental Care Alliance has reduced its debt by more than $1.1 billion, secured $95 million in new capital and extended its debt maturities to 2031 through an agreement with its existing lender group, according to a statement.
The organization supports 400 affiliated practices and 900 dentists across 24 states.
“By improving our financial flexibility, we are able to grow our business, provide best-in-class service to our clinicians, expand access for patients and continue to raise the bar for outstanding patient care,” CEO of Dental Care Alliance Dr. Larry Benz says in a statement. “With a stronger financial foundation to match the operational and cultural foundation our team has already built, we are well-positioned to deliver on our long-term vision of being the partner of choice for dental professionals nationwide.”
In addition to supporting growth, officials say the improved financial position will enhance practice support. The organization's affiliated practices handle more than 3 million visits annually, and the company has more than 5,250 employees, according to its website. Dental Care Alliance clinics will continue as usual, with no expected impact on day-to-day operations.
The transaction is expected to close during the second quarter.
Representing Dental Care Alliance in the transaction are Kirkland & Ellis as the legal advisor, AlixPartners as financial and operational advisor, Greenhill & Co. as investment banker and C Street Advisory Group as strategic communications advisor.
Milbank LLP is serving as legal advisor and PJT Partners Inc. is serving as investment banker to the first lien term lenders. According to a statement, Paul, Weiss, Rifkind, Wharton & Garrison as well as Holland & Knight are the legal advisors to certain other financial partners party to the agreement.
