Cordental Group, a portfolio company of NMS Capital, has acquired Drs. Melman, Ravett & Associates, a Philadelphia-based dental practice. No financial terms were disclosed.
Cincinnati, OH, and Philadelphia, PA – CORDENTAL GroupTM (“CORDENTAL”), a portfolio company of NMS Capital (“NMS”), announced today that it has affiliated with Barry Melman, DMD and Stephanie Ravett, DMD of Drs. Melman, Ravett & Associates in Philadelphia. The practice was established by Dr. Morty Melman, Dr. Barry Melman’s father, and has been providing high quality dental care to the community since 1947.
Dr. Barry Melman joined in 1978 and Dr. Stephanie Ravett in 1992 and have been partners in the practice since 2003. Both doctors hold a strong commitment to continuing dental education and are members of a number of national dental associations and local study clubs.
“We are excited to have Drs. Melman and Ravett become part of our family of affiliated practices,” said Steven Jones, Co-Founder and Chief Development Officer of CORDENTAL Group. “Being our first affiliation in executing our strategy of being a leading DSO within the Mid-Atlantic, Midwest, and Southeastern United States.”
Dana Soper, Co-Founder and Chief Executive Officer of CORDENTAL said, “The ability to continue the legacy of this wonderful practice makes us proud. During our initial discussions with Drs. Melman and Ravett, their biggest concern was maintaining the legacy of the practice while ensuring the best possible fit for the doctors and staff. We feel honored they selected CORDENTAL Group to be their partner and look forward to moving forward together.”
“Our partnership with CORDENTAL will allow us to ensure a healthy and strong future for Drs. Melman, Ravett & Associates,” said Dr. Barry Melman. “As a team, we will sustain our culture and legacy, as established by my father more than 70 years ago. I look forward to being able to focus on my relationships with our patients and to continue to provide excellent care.”
Dr. Stephanie Ravett added “I am thrilled that we have been given the opportunity to partner with CORDENTAL. They will help us provide the resources and support we need to continue to care for our patients at the highest levels. Their caring nature and interest in quality matches our decades-old philosophy.”
Based in Cincinnati, OH, CORDENTAL Group™ is a dental support organization that provides business support services to affiliated dental practices across the Mid-Atlantic, Midwestern, and Southeastern United States. Founded upon strong guiding principles, CORDENTAL promotes a dentist-centric approach that allows dentists and their teams to concentrate on what they do best – provide the highest level of quality clinical care to their patients.
About NMS Capital
NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The Firm was formed through the spin-out of a group of portfolio companies from the Goldman Sachs Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Healthcare Services and Specialized Business Services.