ReachOut Healthcare America, Ltd.
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ReachOut Healthcare America, Ltd.

http://www.reachouthealthcare.com/
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Tags:CareDentalDiagnosticsFinTechHealthTechManagementMarketMobileNursingService
ReachOut Healthcare America, based in Phoenix, AZ, ReachOut provides mobile dental services to under-served children in schools and foster programs, to the aged and disabled in residential facilities, and to US Army and National Guard units throughout the country. ReachOut provides dental service to nearly 80,000 children and 30,000 armed-services personnel each year. ReachOut offers a complete array of diagnostic, preventative, restorative, prosthodontic, and periodontal dental services. ReachOut is the leader in a large and growing market that is significantly underserved, and its mobile model is scalable into numerous end-markets such as the military and nursing homes. In November 2007, Sentinel Capital Partners and management acquired ReachOut in a management buyout transaction. Marshall & Ilsley Bank provided debt financing for the transaction. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided private equity financing from Sentinel Capital Partners III, L.P. In August 2008, ReachOut acquired Mobile Dentists, its largest competitor, creating a company that is the nation’s leader in mobile dental services. The combined company operates in 21 states and provided dental care to more than 250,000 low-income children in 2008. Sentinel originated, sponsored and negotiated the transaction, arranged the acquisition debt and provided equity financing from Sentinel Capital Partners III, L.P. In December 2010, after achieving substantially all of its investment objectives, Sentinel sold ReachOut in a management buyout transaction. Since Sentinel's original investment, ReachOut's profitability has more than tripled. Today ReachOut has a national leadership position and is well positioned to continue growing.

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