B. Riley Securities, a middle-market investment bank and subsidiary of B. Riley Financial, served as exclusive financial advisor to ProSmile Holdings, a dental service organization (DSO) in the Mid-Atlantic region, on its debt financing from BankUnited, a Florida-based commercial bank. ProSmile is backed by TriSpan, a middle-market private equity firm with investments that span North America, Europe and the UK.
“Our primary aim at ProSmile has always been to support our providers as they deliver exceptional dental care,” Hugh Carey II, CEO at ProSmile, said. “Our partnership with BankUnited will allow us to grow in new markets and expand the positive impact we provide to patients.”
“We were pleased to work with ProSmile in support of its new partnership with BankUnited to expand patient access across the Mid-Atlantic and beyond,” Holly Smyth, managing director with B. Riley Securities, said.
“Dentistry remains one of the most active healthcare specialties for investment, and the ProSmile transaction adds to our firm’s successful track record of advising premier dental service organizations,” James Metcalf, senior managing director of B. Riley Securities, said.
