Empire Dental Arts Acquires Papich-Forsyth DDS & Associates
CLEVELAND (March 3, 2020) – Empire Dental Arts (“Empire”) announced today it has acquired Papich-Forsyth D.D.S. & Associates. Established in 2017 and headquartered in Mentor, Ohio, Empire is a dental partnership organization that provides operational support and services to a network of dental practices in Northeast Ohio.
This is the first investment Empire has made since being acquired by Evolution Capital Partners of Cleveland in early January 2020. It increases Empire’s affiliated offices to six in Northeast Ohio. “Empire’s partnership will provide our teams the necessary support to bolster the amount of quality clinical time we have with our patients,” said Dr. Papich-Forsyth, chief executive and chief clinical officer of her namesake practice. “We are also excited about the additional Empire resources and training that will enable us to continue to deliver the latest technology and practices to our dedicated patients.”
Founded by Dr. Maria Papich-Forsyth, Papich-Forsyth D.D.S & Associates has two locations in Stow and Cuyahoga Falls. Dr. Papich-Forsyth attended Northwestern University Dental School and LVI Global in Las Vegas where she focused on advanced comprehensive care, aesthetics and reconstruction. She has also trained and taught at The Center for Exceptional Practices in Richfield, Ohio. Dr. Papich-Forsyth practiced dentistry in Chicago, Illinois prior to returning to Ohio and eventually acquiring four practices in Cuyahoga Falls and the surrounding area. She is a member of ADA, ODA, Chicago Dental Society, AACD and IAFA.
“We are excited to grow our affiliated practices with the addition of Papich-Forsyth D.D.S & Associates. Our ability to secure a relationship with a practice like Papich-Forsyth D.D.S is testament to our dentist-centric, patient-focused approach,” said Dr. D. Todd Russell, founder and CEO of Empire. “The Empire team looks forward to expanding our commitment to quality care into other Northeast Ohio communities.”
Evolution Capital Partners Announces Latest Growth Investment with Dental Partnership Organization
CLEVELAND (January 2, 2020) – Private equity firm Evolution Capital Partners LLC (“Evolution”) announced today its latest growth investment, Empire Dental Arts (“Empire”). Established in 2017 and headquartered in Mentor, Ohio, Empire is a dental partnership organization that provides operational support and services to a network of dental practices in Northeast Ohio. This is the first investment of Evolution’s Fund IV.
Founded by Dr. D. Todd Russell, Empire provides dental practices with centralized administrative services, including human resources, to allow dentists and clinicians the opportunity to devote more time and attention to their practices.
“Partnering with Evolution will enable the next phase of our expansion plan,” said Dr. Russell, chief executive and chief clinical officer of Empire. “We are excited about the opportunity to establish a small-scale, patient-focused dental partnership organization in Northeast Ohio, starting with our existing four practices through which we have validated our operational best practices.”
Dr. Russell has owned and partnered with multiple dental practices, most recently selling to Merit Dental Group, a dental service organization.
“We are excited to partner with an accomplished business professional and dental practitioner as he leads a more patient-focused model that we believe will resonate with retiring dentists, patients and new associate dentists seeking to provide their community with excellent dental care,” said Jeffrey Kadlic, Evolution’s founding partner.
About Evolution Capital Partners
Evolution Capital Partners is a small-business private equity fund that invests capital nationwide in growing micro-market companies generating at least $500,000 of EBITDA. Since 2005, Evolution has specialized in helping entrepreneurial businesses transform into professionally run organizations by providing a strong foundation for profitable growth through its Five Fundamental methodology. As a team of investors, partners and employees, our primary passion and motivation is to inspire entrepreneurs and their small businesses to grow and thrive under any economic circumstances. www.evolutioncapitalpartners.com