Dental service organization (DSO) MB2 Dental has secured a $150 million loan to fund upcoming practice acquisitions.
The DSO closed an amendment on its existing debt facility, establishing a new delayed draw term loan in the aggregate principal amount of $150 million. Additionally, MB2 Dental raised $20 million for its internal equity offering, which allows dentist partners to invest along with the company.
Since the inception of this offering, MB2 dentist partners have invested more than $75 million to fuel the company's growth. Currently, MB2 partners with more than 550 practices across 38 states.
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