United Dental Corporation (UDC), whose Dental Partnership Organization (DPO) model has had a 98% retention rate in Australia, New Zealand, and Canada, today announced a series of executive appointments to support its growth and M&A initiatives in 2022 and beyond.
- Mark Aichroth, who has held top-level positions in four successful healthcare start-ups and has served as an executive leader in global healthcare companies, has been named Chief Operating Officer of UDC International. Aichroth’s experience includes leading operations and international development for HCA, Humana and Blue Cross Blue Shield – three of the largest healthcare companies in the U.S. More recently, he was a Founding Director and Managing Partner at Circle, a multi-hospital company publicly listed in the United Kingdom.
- Derek Schnack, who has extensive experience as a Chief Financial Officer (CFO) and in corporate and investment banking, has been named CFO of United Dental Corporation. Schnack served as CFO of OnePoint Patient Care, one of the largest Hospice Pharmacy Services providers in the U.S., for 14 years. Earlier in his career, he worked for BNP Paribas in investment banking and for U.S. Bank in corporate banking.
- Jesse Rodriquez, a corporate development and private equity executive, has been named Chief Investment Officer of United Dental Corporation. Rodriquez previously served as President, Board Member, and head of Corporate Development for AlefEdge, an Internet software company. Previously, he worked for Fidus Partners and SphereInvest Americas, which specialize in M&A.
“Mark Aichroth, Derek Schnack and Jesse Rodriquez are world-class executives who will drive UDC’s growth strategy and accelerate our momentum,” said Dr. Ray Khouri, Founder & CEO of United Dental Corporation. “Deepening our executive team give us additional leadership and expertise to be the pre-eminent DPO in the U.S. and replicate a business model that has been highly successful in three countries.”
The expanded management team will support UDC’s goal of acquiring 100 practices over the next 12 months. The company is focused on the top 10% to 20% best-performing doctors in their fields who generate $2 million to $50 million or more in revenue. In October, UDC raised a $5 million Series B Round led by High Speed Ventures. The round included $4 million from 61 dentists and individual investors.
UDC pioneered its business model in Australia and New Zealand, where Khouri launched and then sold Dental Corp. to Bupa Dental Corp. – now the largest dental network in both countries – for $600 million 2013. The model was then introduce in Canada, where Dental Corp. was launched and sold for $400 million to Canada’s pension fund. The company was subsequently sold to the private equity firm L Catterton for $1.6 billion in 2019 and today is listed on Canada’s stock exchange.
UDC supports top-tier doctors by providing capital, technology, marketing, procurement, human resources, legal, and accounting services.
United Dental Corporation (UDC) is a Dental Partnership Organization (DPO) that partners with high-performing dentists seeking to maximize the value of their practice. Founded by Dr. Ray Khouri, UDC provides doctors with full autonomy to run their business with support from a nationwide professional services organization that delivers complete support for non-clinical functions. UDC is based on the same business model that has resulted in a 98% doctor retention rate in Australia, New Zealand and Canada.
For more information about UDC, visit us at www.udc.dental.