MB2 Dental Market Research Report
Company Overview
Name: MB2 Dental
Mission: A premier community of dentists that encourages individual gains while celebrating shared success. Rooted in dentistry, raised on results, MB2 Dental is dedicated to improving the dental profession by putting partners first while creating better solutions for the business of dentistry.
Founded: 2007
Founder: Dr. Chris Steven Villanueva
Headquarters: 2403 Lacy Lane, Carrollton, TX 75006
Key People:
- Dr. Chris Steven Villanueva - Founder and CEO
Number of Employees: No information is available.
Revenue: No specific revenue figures available, but partnerships are usually with practices generating over $1.25 million in revenue.
Notable Aspects: MB2 Dental is known as the first and largest Dental Partnership Organization (DPO), emphasizing the autonomy and control of individual dental practices while offering access to resources and support from a larger organization.
Products and Services
Products Offered:
MB2 Dental provides a wide range of services tailored for dental practices, including:
- Human Resources
- Accounting & Finance Services
- Credentialing
- Compliance
- IT Support
- Revenue Cycle & Collections
- Marketing
- Talent Acquisition
- Procurement
- Business Development
High-level Description:
These services enable dental practices to maintain clinical autonomy while benefitting from centralized administrative support, expanded access to services, and more. The DPO model ensures dentists can focus on providing patient care without the burden of managing all business aspects.
Recent Developments
New Markets and Expansion:
- December 10, 2024: MB2 Dental expands to Iowa, marking its operation in its 44th state by partnering with Knoxville Dental Center. Other expansions in 2024 included Massachusetts, South Carolina, Vermont, and West Virginia.
- Recapitalization Event with Warburg Pincus: In November 2024, MB2 Dental announced a recapitalization event with a new investor, solidifying its growth milestones and strategic expansion.
New Partnerships:
- Recent partnerships include Dr. Steven Hatcher of Triad Dentistry, Dr. Benjamin Neren of Gold Coast Family Dentistry, and Dr. Ohm Patel of Falls Dentistry. Additional partnerships have been established with other practices across various states.
Growth Trajectory:
- MB2 Dental has demonstrated continued growth in new partnerships, practice expansions, and de novo setups. Since a major investment in 2021, the company has added over 450 new partnerships, with both revenue and EBITDA increasing over 30% annually.
Significant Milestones:
- Reached 700th practice milestone as of March 2024, with a presence in 44 states.
- The model resonates with dental professionals seeking growth, support, and work-life balance.
Key Features of Recent Developments:
- Expansion into new states, bringing MB2’s services to a broader audience.
- Strategic partnerships enhance MB2’s capacity to provide high-quality services and maintain the autonomy of dental practices.
- The recapitalization and partnerships demonstrate MB2's effective approach in scaling its DPO model.
Conclusion
MB2 Dental continues to lead the dental partnership organization space by fostering a culture that supports the autonomy of dental professionals while providing critical back-end support to enhance practice operations. The company's strategic growth and expansion highlight its successful DPO model, appealing to many dental practitioners across the United States.
