Thurston Group Closes 65 Deals Worth $170M in Revenue in H1 2022

CHICAGO, August 8, 2022 /PRNewswire/ — Thurston Group (“Thurston”), a private equity firm focused on investments in healthcare and business services, is pleased to report significant growth across its seven partner companies during the first half of 2022. Key highlights included:

(PRNewsfoto/Thurston Group)

  • 65 completed transactions comprising 110 locations and ~$170M turnover acquired

  • 11 new states entered

  • 22 executives, 407 employees and 118 partner doctors have joined their partner companies

  • $155 million new debt financings guaranteed by Thurston on behalf of its corporate partners

Key to his continued success, Thurston Group Chairman and CEO, Patrick J. Haynes III said, is his company’s unique partner-centric approach. Partnering with dental, medical, veterinary, mental health and other providers, Thurston Group has earned a reputation for treating its physician partners with deep respect. “Our physicians are among the best in their respective fields, so our goal is to enhance their excellence in healthcare by building a mutually empowered vision with transparent goals, aligned incentives, and sustainable financial growth,” a- he declared.

The current active portfolio of Thurston Group healthcare companies includes:

  • SGA Dental Partners, a dental partnership in the southeastern United States

  • Gen4 Dental Partners, a national US dental partnership

  • ARC Health, a mental health partnership

  • Options Medical Weight Loss, a medical weight loss partnership

  • US Orthopedic Partners, an orthopedic partnership

Its active portfolio of business services companies includes:

  • National Dental Healthcare REIT, a real estate investment trust in partnership with dentists who own their properties

  • National Veterinary REIT, a real estate investment trust in partnership with veterinarians who own their properties

“As a healthcare-focused investor, we leverage our deep understanding of the unique competitive, business and financial opportunities and challenges facing our partner companies,” said Chief Executive Officer, Dan Davis. “This allows us to work with our partners to develop and execute compelling strategic growth plans to improve their operational efficiency, thereby enhancing their excellence in patient care and creating meaningful returns for our partners and investors.”

Partner of the Thurston group, Mudguard bottoms, DMD, emphasized the importance of “staying true to our clinical partners”. An orthodontist and co-founder of Smile Doctors, a discontinued portfolio company of the Thurston Group, Dr. Fender is responsible for developing and maintaining relationships with the firm’s partners. His areas of interest include clinical leaders, research efforts, and opportunities for practice growth. “Thurston Group is committed to building a true partnership with our clinicians,” he said.

About Thurston Group

Thurston Group is a private equity firm focused on building leading companies in the healthcare and business services sectors. Thurston has a long track record of partnering with physicians and building fast growing healthcare companies including Smile Doctors, US Endo Partners, US Oral Surgery Management, South Georgia Dental Management, Gen4 Dental Partners, ARC Health, Options Medical Weight Loss and US Orthopedic. The partners. Over its 35-year history, Thurston Group has rendered more than $4 billion invested capital. For more information about Thurston Group, please visit the Thurston Group website at www.thurstongroup.com.

Contact:

Dana Hayes
+1-312-255-0077
https://www.thurstongroup.com/

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SOURCE Thurston Group

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