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ClearChoice Receives Investment From Leading Consumer Private Equity Firm Catterton Partners
Date:10/6/2011
affiliated centers. ClearChoice currently manages 31 doctor owned centers in 22 markets across the country.
Dr. Don Miloni and Stephen Boyd, co-founders of ClearChoice, will continue to hold a significant minority stake, serve on the ClearChoice Board and support the Company in consulting roles. Mr. Boyd and Dr. Miloni commented, "Our unique business model has made ClearChoice a leader in our industry, and we are very pleased to further that leadership position with Catterton. We are also delighted to announce and welcome Jason Lockwood as our new CEO. With his experience in successfully leading and growing private companies in the consumer industry, Jason is the right leader to position ClearChoice for long-term growth and success. Jason has been working closely with ClearChoice over the last several months which will allow for a smooth transition."
"ClearChoice affiliated centers have changed the way dental implants are done, with a scalable, integrated direct-to-consumer model and unparalleled expertise in full-arch dental restoration. Through our affiliated network of world-class doctors, ClearChoice affiliated centers offer a unique, cost-effective same-day solution that is accessible to a wide range of patients," said Mr. Lockwood. "With this new partnership with Catterton, ClearChoice is well positioned to accelerate our expansion program, which includes developing new doctor relationships and managing new dental implant centers to help meet the growing demand for same-day dental implants. Catterton has a well-established record of success in partnering with consumer companies to help them capitalize on growth opportunities, and we are confident that with their wealth of operational expertise and resources, we will significantly broaden our leading industry position."
"As the leading pure-play multi-unit, multi-market dental implant management company in the U.S. with five times the number of centers under management as the
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| SOURCE ClearChoice Holdings, LLC Copyright©2010 PR Newswire. All rights reserved |
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