Affordable Care (Affordable Dentures & Implants)

active

Dental — Ares Management

Deal Terms

Entry Year2015

Entry EV$1B

Entry Multiple10x

Leverage5.5x

Debt Amount$0.55B

Risk Metrics

LTV (est.)55%

Debt / EV0.55x

Notes

Ares-backed DSO focused on dentures/implants — the most commoditized end of dentistry. 400+ offices. High patient volume, low margin per visit. Aggressive upselling culture. Part of the broader PE dental roll-up wave pushing multiples from 6x to 12x+ EBITDA.

Sponsor

Ares Management$622.5B AUM