Showing posts with label Exceldent. Show all posts
Showing posts with label Exceldent. Show all posts

Tuesday, July 03, 2012

Ontario Municipal Employees Retirement System (OMERS)–Raising capital for more dental center purchases?

July 3, 2012
Today OMERS is in the news because it sold a hunk of it’s private equity funds investments to AXA for $850-million.  OMERS says it likes “direct” investment much better. Citing – “direct investments give it more control over its assets than investments through third-party private equity funds, and keep investment costs lower.”

 In October 2011 Canadian OMERS purchased Great Expressions Dental Centers (GEDC) from Audax .

In March 2012, OMERS again put its money where your mouth is, with the purchase of Exceldent. Which added another 19 private equity owned dental centers to NY, CT and NJ.

Related -

About OMERS Private Equity
Operating under the OMERS Worldwide brand, OMERS Private Equity manages the private equity activities of OMERS and has over $6.3 billion of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, with offices in New York and London. For further information visit:

OMERS is one of Canada’s largest pension funds with over $55.1 billion in net assets. It provides first-class pension administration and innovative products and services to almost 420,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For more information, please visit, or


21 Oct 2011

US private equity firm Audax has sold Great Expressions Dental Centers (GEDC) to OMERS Private Equity for an undisclosed sum.

Headquartered in Bloomfield Hills, Michigan, GEDC is a dental practice management company that provides general and specialty dental services through 152 affiliated practices in Michigan, Georgia, Florida, Massachusetts, Ohio, Virginia and Connecticut.

The company was founded in 1982 by Dr Knysz, who served as chairman. Audax acquired a majority interest from Dr Knysz in May 2008 and, along with management, subsequently sourced and integrated ten add-on acquisitions.

Geoffrey Rehnert, co-CEO of Audax, said, “Rich Beckman and his management team did a terrific job working with us to build the company through add-on acquisitions and by establishing best practices across the company.

“We implemented financial controls and reporting systems to improve operating efficiencies, enabling affiliated dental providers to remain focused on patient care and clinical excellence. We wish Rich and his team continued success,” he added.