Sunday, January 22, 2012
Four Winds Health, Midwest Dental, Kool Smiles Dental and Friedman Fleischer & Lowe (FFL)
From FFL website:
Four Winds Health, LLC was formed to build and manage a chain of high-end urgent care centers that offer walk-in, extended-hour access for non-life-threatening acute injuries and illnesses. Through its centers, Four Winds is focused on creating a superior patient experience through the delivery of convenient, comfortable, high-quality medical care.
Four Winds is headquartered in Atlanta, GA. The company was formed by the same management team which previously founded Kool Smiles, another FFL investment. FFL provided founding capital to Four Winds in 2011
Midwest Dental is a leading dental practice management company with over 75 clinics in six states. Midwest Dental clinics are typically located in suburban and rural areas, and the company has demonstrated an impressive track record of growth through acquisitions of independent dental clinics. The company provides the clinics with a full range of management, administrative and financial services, allowing clinical staff to allocate more of their time to patient care.
Midwest Dental is located in Mondovi, WI. FFL acquired the company in 2011 and plans to provide additional capital to support future acquisitions.
NCDR, LLC provides various non-clinical services to dental group practices, including providing dental facilities, support staff, and other business services. NCDR's principal [ONLY] client is Kool Smiles, a nationally-branded provider of dental care focused primarily on children enrolled in Medicaid and State Children's Health Insurance Programs. The limited access to care for children on Medicaid/SCHIP plans provides an attractive growth opportunity for Kool Smiles as it continues to expand offices with a mission to provide quality care to this underserved population.
The company is headquartered in Atlanta, GA. FFL invested in NCDR in 2004 to provide growth capital and liquidity to founders.
Thursday, June 16, 2011
Kool Smiles Dental Clinics (Chop Shops) - Dr. Tu Tran–King of the Hill-
In 2002 the dentist who owns this $1.2 million dollars home in the suburbs of Atlanta was merely a dentist working at a Medicaid clinic in Denver Colorado. The clinic was owned by Dr. Edward (Eddie ) DeRose and his son Michael DeRose.
Dr. Tu Tran and his buddy Dr. Pham both worked for the DeRoses. They learned the business model, tore out on their own and opened up their first chop shop in Atlanta in 2003.
In 2004 they lured Friedman Fleischer and Lowe, a private equity firm in San Francisco, to hop on the gravy train and spread illegal Kool Smiles dental centers across the nation.
Friday, September 17, 2010
New Kool Smiles TV Ad – Don't Fall For It
Just caught the new Kool Smiles ad. It's lovely, and you know I'm puking and gagging.
Apparently since Kool Smiles is involved in multiple lawsuits for abusing children, and they are trying to unload this company to some Private Equity firms, they have decided to put out updated propaganda.
The two little happy face o's jump out of the Kool Smiles logo and take you one a whirl-a-way adventure through a Kool Smiles clinic.
"Fun way to keep your family's teeth healthy"
"Our office is built for the whole family, especially kids." as children slide down an indoor slide and climb all over a play yard.
"Plus, everyone is friendly, not just us. (speaking of themselves, those jolly little o's) If you want mommy can come back with you or watch through a window," showing the tiny port hole only allowing direct sight of children in they hygiene area.
Do you want strangers gawking at you through a window while you get your medical treatment done? Hell NO!
"We see everyone in the family, even kids as young as one," they boast.
Yes, those one year olds where they drill and cap all 8 teeth they have just in case they might get some decay between 1 and 6. Prevention you know.
"If you want quality dental care, in a clean, safe and fun environment, come to Kool Smiles."
It's just an ad folks, still stay far far away.
Friday, June 18, 2010
Kool Smiles is now Kool Smiles
Kool Smiles was started by Dr. Tu Tran and Dr. Thien Pham, back in 2002 after leaving the employment of Ed and Michael DeRose at the Smile High clinic on Colorado. (there a load of info on that on this blog)
By 2004 Tran and Pham reigned in the private equity firm, Friedman Fleischer & Lowe, a San Francisco base company. Kool Smiles Holding was formed to facilitate the transaction.
NCDR, LLC (National Children Dental Research) was formed to ‘manage’ the Kool Smiles clinics.
A couple of years ago, Kool Smiles II was created to take over the Kool Smiles in the west. It was managed under the name DPMS, LLC (Dental Practice Management Services). All still with FF&L holding the purse strings.
So all they have basically done was remerge. They once were one, then they were two and now they are one again.
Here’s the Corporate run down:
President – David Lowe
VP and Sec – Aaron Money
Director – Tully Friedman
CFO – S. Thomas Nance
Directors– William Brody, Paul Walker, DDS, Douglas Brown, Kevin Miller, Brian Bouma, and Joseph Mello.
Kool Smiles Reg D form can be seen here.