Showing posts with label Private Equity. Show all posts
Showing posts with label Private Equity. Show all posts

Thursday, March 27, 2014

HHS-OIG Report - Questionable Billing For Medicaid Pediatric Dental Services in New York–March 2014

This same study could be done in any state these private equity owned dental clinics operate and the results would be the same, if not worse. All of this has been reported right here since 2007, it’s 2014! Just saying…


Questionable Billing For Medicaid Pediatric Dental Services in New York - March 2014

DSO-PE graphic

Wednesday, October 10, 2012

Beekman Group, unloads Gentle Dental on Linden Capital Partners. Just in time?

October 10, 2012


Harris Williams & Co., a middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Northwestern Management Services, LLC (NMS) doing business as Gentle Dental (Gentle Dental), a leader in the dental service organization (DSO) industry, to Linden Capital Partners (Linden). Gentle Dental was a portfolio company of The Beekman Group, LLC (TBG). Harris Williams & Co. acted as the exclusive financial advisor to Gentle Dental. The transaction closed on October 5, 2012 and was led by James Clark, Geoff Smith and David Allebach.

“Gentle Dental has established itself as a clear leader in the attractive South Florida dentistry market through its commitment to quality, operational excellence and results-driven approach to physician and practice support. In addition, this transaction demonstrates investors’ continued strong interest in the DSO sector driven by investors’ desire to find scalable business models in markets positioned to benefit from positive demographic trends,” said James Clark, a managing director in Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group.

Tuesday, June 26, 2012

Hurricane of reports - Private Equity Dentistry in the news– Week of June 25, 2012

Not a good week for criminal dentistry.
drbiscupidlogo Texas dental Medicaid scandal far from overMonday June 25, 2012


Dental Abuse of U.S. Poor Dodges Ejection from MedicaidTuesday June 26, 2012

March 13, 2012 – Letter from OIG to Sheila Sawyer and Lorri Steiner of Small Smiles Dental
May 15, 2012 – Agreement with OIG Re: Manassas Clinic to Sheila Sawyer and Lorri Steinerof Small Smiles Dental
                                                               Collection of Documents

frontline[6]Dollars and Dentists – FRONTLINE Tuesday June 26, 2012
Check your local listing for air time
Live Chat Wednesday June 27, 2012 @ 2:30 Eastern Time with Miles O'Brien, and Center for Public Integrity reporter David Heath. You can submit questions right now by visiting here.

                                                                  Collection of Documents

iwatchnewsPatients, Pressure and Profits at Aspen DentalTuesday June 26, 2012

Truth is a far cry from the reported wonderful benefits of working at Aspen printed last Friday on Dr. Bicuspid, quoting Dr. John Notarianni, DDS 

Complaints About Kids Care Follow Kool SmilesTuesday June 26, 2012

Kool Smiles Response fails to address concerns.


Attorney General files lawsuits related to WFAA dental investigations - Tuesday June 26, 2012

Texas AG lawsuits spurred by WFAA dental investigationJune 26, 2012

Corporate dental chains see profitable market treating poor kids and adults Tuesday June 26, 2012

nightlinelogoAnesthesia deathsNightline Wednesday June 27, 2012Check your local listing for time
         CANCELED (again)

Thursday, May 17, 2012

Private equity, profits and aggressive dentistry


Global Post

Bloomberg has published an article today that you just have to read.

It starts with a mom in Arizona picking up her (sobbing) 4 year old after school, only to learn that a dentist had installed steel crowns on two of his back teeth — "pulpotomies" according to a note in his backpack. Baby root canals.

The mother hadn't even been consulted. "I was absolutely horrified," she said.

No, this wasn't Marathon Man for toddlers. So why this aggressive act of dentistry?

It was about money. Profits. Private equity. And a new plague known as "dental abuse."

Bloomberg explains:

Isaac’s dentist was dispatched to his school by ReachOut Healthcare America, a dental management services company that’s in the portfolio of Morgan Stanley Private Equity, operates in 22 states and has dealt with 1.5 million patients. Management companies are at the center of a US Senate inquiry, and audits, investigations and civil actions in six states over allegations of unnecessary procedures, low-quality treatment and the unlicensed practice of dentistry.

ReachOut, Bloomberg reports, is one of just 25 dental management services "bought or backed by private-equity firms in the last decade." The management services take care of the business side, leaving the dentists to focus on teeth. The trouble started when the profit-driven businesses began seeing opportunity in your tax dollars: Medicaid.

Maybe that's why there's a big cavity in the US government's budget?

A former physician once counseled me that dentists were "a bunch of crooks, out to get rich." At the time, I took that with a grain of salt. Thanks to Bloomberg, I won't even floss without exercising caution.

Click here, and read on

And if there's a dentist nearby, keep your mouth closed. 

Sunday, February 19, 2012

Private Equity's slave trade in America.

This may come off as racist, but it is not. I say this because its true, inhumane and needs saying.

Our dental offices are beginning to look like nail salons!

Private Equity firms are bringing foreign trained dentists to assist them in stealing every last dollar they can from our Medicaid system. They are doing this by training the unwitting immigrants to over treat and under protect children, preferably under age 5, in our poorest communities, through Medicaid dental chop shops.

Private Equity firms, such as the Carlyle Group and others are brain washing the foreign professionals into believing they are serving the poor here in the US.

Little do the poor souls know they are being brought here to assist Private Equity firms in raiding the US treasury. Not until it's too late, do they realize what has happened; they are not here to bring a better tomorrow to our children as well as themselves.

This seems to be a business model the greedy in America are unwilling to stop.

Just because they are flown in on a jet instead of a wooden ship crossing the ocean does not make it different.

Today instead of plantation owners it's executives of Private Equity firms, but still the same ole shit.