I’m not really a betting person, but I’m guessing, the Small Smiles at Church Street Health Management are now down to wee little bitty smiles. No, I’m sure they are down right frowns and have been for a while now.
Want to take a guess where there is a ‘Big Smile” ?
Maybe Interstate corporate dentistry is NOT exactly the investment Private Equity firms think it is!
Read on… documents related to the case at the end.
Church Street Health Management Files for Bankruptcy With Plan for Sale – Bloomberg
Church Street Health Management LLC and four affiliates, providers of management services to 67 dental centers, filed for bankruptcy as part of a plan to sell the businesses.
The companies had assets valued at $895.3 million and debt of $303.4 million, according to Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Nashville, Tennessee, where Church Street is based.
A sale in bankruptcy is the “best option to maximize the value of the assets for stakeholders and to safeguard the welfare of the patients,” Martin McGahan, Church Street’s chief restructuring officer, said in court papers.
Affiliates Small Smiles Holding Co., Forba NY LLC, EEHC Inc. and Forba Services Inc. also sought court protection from creditors. Small Smiles is the parent of a group of companies that provide management services to dental centers serving low- income families in 22 states.
Tuesday, February 21, 2012
Documents Related to Small Smiles Dental Center’s Chapter 11 Bankruptcy
- Top 20 Creditors
- Affidavit of Martin McGahan –Chief Restructuring Officer of CSHM (45 pages)
- Debtor In-Possession Credit Agreement (92 pages)
- Cash Flow Forecast
- Consolidation of Case Motion
Some of the highlights of the Top 20 Creditors are:
| Creditor | Amount Owed |
| US Govt toward $24 settlement | $10,714,233.36 |
| Michael G. Lindley | $859,955.27 |
| Alfred J. Smith | $674,545.81 |
| Henry Schein, Inc | $568,478.11 |
| Shary Retail, Inc, | $542,125.00 |
| Seeway Asst Mngt | $326,162.00 |
| Shearman and Sterling, LLP | $310,700.20 |
So, has this captured the attention of the other Interstate children Medicaid dental mills? You bet! Visitors to this site today come from several other corporate mills, including Ocean Dental out of Stillwater, OK.
Comment MDavis:
Yes, the Affidavit of Martin McGahan is particularly troubling in its veracity, or lack there of.
"In many cases, SSHC or CSHM has guaranteed the dental centers’ performance under those leases or assumed obligations under existing guarantees." That is the action of an OWNER, not a distanced management service organization (MSO).
On page 2, "The dental centers are owned by licensed dentists." Sorry, that simply doesn't pass the smell test either. These bogus figurehead dentists were paid an addition sum, to pose as "Owners" for State Regulatory Boards. We also realize from Case Law in Orthodontic Centers of America, Inc No. 07-30430 (Fifth Circuit (Texas) 12-30-2008) that the Court found these typical management services (from MSOs) constituted the practice of dentistry.
On page 3, "The Debtors do not own any real property." Even if the real estate is leased, the dental equipment has a tangible value, and dental equipment doesn't come cheap. This dental equipment is no longer owned by the former owner "Old FORBA" (the DeRose, et.al. group). The bogus "Lead Dentists" don't own it. It's an asset of value to Creditors.
On page 4, there is mention of Shari'ah Law. This was to conform w/ the investment of Arcapita Bank. Well guess what? Under Shari'ah Codes one can't make loans, and generate profits though interest payments. An investment banking firm, i.e. Arcapita Bank, may buy into a business, then later sell off the business, hopefully generating a profit. This makes the Party buying in, a Partner in the business. They share risks, liabilities, & potential profits. So, we're now talking about potential fiscal liabilities of Partner, Arcapita Bank, and not simply CSHM.
Page 4 & 5 get more into the "dance" of compliance w/ Shari'ah Codes. Ever read the Annual Report of Arcapita Bank, & the pages directed to their strict compliance w/ Shari'ah Codes? It certainly looks like they go to lengths, to avoid issues which they seemingly hold highly ethical. Does it break w/ Shari'ah Code to be involved in business, which harms small children & defrauds the taxpayer? Heck, just read the Release of the US Justice Department, w/ the $24 Mil Settlement.
Page 7 gets into who they want to establish as First Lien. In other words, CSHM goes bankrupt, and the real owners, the investment bankers of Arcapita Bank, The Carlyle Group, and American Capital are first in line to collect. That doesn't pass the smell test either. Do you believe a Bankruptcy Court would buy into that? Representatives of these Investment Companies openly sat & served on the Board of CSHM. They were involved in business decision making, or were positioned to do so, even if they attempt to pass the responsibility.
Page 10 "The Company is party to a Management Services Agreement (“MSA”) with each dental center for which the Company provides management services (collectively the“Dental Centers”). Pursuant to each MSA, the Company provides the Dental Centers with management services such as billing and collection, bookkeeping, accounting and tax services,dentist and staff recruitment, payroll services, human resources, information technology support,equipment and supplies procurement, leasing, repairs and capital improvements, and assistance with compliance, legal issues, governmental affairs, and licensing and permitting. In exchange for providing these services to the Dental Centers, the Company receives a management fee from which it funds its operations." This is all the activity of Practice of Dentistry, and OWNER of a Dental Practice. “Dental Centers”). Pursuant to each MSA, the Company provides the Dental Centers with management services such as billing and collection, bookkeeping, accounting and tax services, dentist and staff recruitment, payroll services, human resources, information technology support,equipment and supplies procurement, leasing, repairs and capital improvements, and assistance with compliance, legal issues, governmental affairs, and licensing and permitting. In exchange f r providing these services to the Dental Centers, the Company receives a management fee from which it funds its operations." This is all the activity of Practice of Dentistry, and OWNER of a Dental Practice. They spell it out, in attempt to circumvent reality.
More later.
The attorneys will have fun over this nonsense.
Michael W Davis, DDS
Comment Debbie:
Just think, there is 35 more pages of this BS for this document. Ole Martin failed to mention, at least so far as I’ve gotten through this, that it’s management services are in exchange for 100% of the profits, and we give the owners of the clinics a flat fee of $1250 for each clinic! It’s that just a upside down and backassward way of saying, we own and operate dental centers and the dentists are our employees! Guess, the word management has taken on an all new meaning…. No, I just mange that car in the driveway for the bank. Yep, that works for me if any liability issues were to come up. LOL
Comment: MDavis
If I were a Creditor, I'd also do serious background check into real estate assets, especially the early clinics established in CO, NM, & AZ, by the DeRoses. I would not assume, at face value, all the real estate is leased. It may be leased through yet another dummy corporation, of The Carlyle Group, Arcapita Bank, & American Capital.
Yes, this takes the effort of going to County Records & Deeds. Anyone familiar w/ this blog will soon recognize certain names & titles, to have an eye open for.
In my time, I've met certain Judges, who've presided over Federal Bankruptcy Court. IMHO- they won't broker liars or BS. And, they've seen every scheme in the book. They've got a HUGE case workload, and have no time for manipulators & cheats.
The Martin McGahan Affidavit is a HUGE risk, by The Carlyle Group, Arcapita Group, & American Capital. If right from the get-go, these parties appear the schemers, which they are, the Judge is likely to get POed. And believe me, one doesn't want to be on the wrong side of a POed Federal Judge.
Michael W Davis, DDS
Dr. Todd Bjur–Savannah Fake Dental Center Owner
Nothing brings me greater pleasure much more than when Church Street Heath Management puts one of their "fake owner" dentists on TV. I dare someone to ask him if he really owns his Small Smiles dental clinic and if he practices dentistry with the patients interest in mind, or Arcapita Bank's best interest in mind.
According to documents filed with the Georgia Secretary of State, Dr. William Nash, DDS is the CEO, Dr. Danial Spears, DDS is CFO and Dr. Todd Bjur is Secretary. In reality none of these guys own this clinic or any other in Georgia but receive $1250 each pay period for allowing his name to be used on state business forms. Forms, likely he didn't even sign but were rubber stamped with his signature. He and Dr. Danial Spears were both paid this amount. It's a mystery why Dr. William Nash would put his name on these documents
Watch this at WSAV Savannah GA
According to documents filed with the Georgia Secretary of State, Dr. William Nash, DDS is the CEO, Dr. Danial Spears, DDS is CFO and Dr. Todd Bjur is Secretary. In reality none of these guys own this clinic or any other in Georgia but receive $1250 each pay period for allowing his name to be used on state business forms. Forms, likely he didn't even sign but were rubber stamped with his signature. He and Dr. Danial Spears were both paid this amount. It's a mystery why Dr. William Nash would put his name on these documents
Watch this at WSAV Savannah GA
Not a soul looks happy to me. But I see a lot of stainless steel crowns!
First off, it doesn’t look to me that all these children need free screenings. Second, it’s not free… nothing is. Rest assured the taxpayer is picking up this dime, which is all well and good, IF… and that is a HUGE if… It’s needed. Looks to me like at least one of these children were regular patients. Just saying..
SAN ANTONIO -
A trip to the dentist is a visit that's often dreaded by children and their parents.
For children, a dental checkup can be a pain in the mouth. For parents, it can be a pain in the pocketbook.
"It's expensive," said Hilda Calderon, mother of 7-year-old Crystal Calderon.
Calderon got a break on Monday morning when Texas Smiles Dental Center offered free dental screenings in recognition of National Children's Dental Health Month.
They called it "Healthy Smile, Happy Child Day".
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.
Shameful!
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.
Shameful!
Friday, February 17, 2012
Kool Smiles facing alleged claims of mistreatment, excessive... | www.kfoxtv.com
EL PASO, Texas —
Kool Smiles Dentistry for Kids is the target of San Antonio attorneys who are soliciting claims against the dental offices for allegedly using force on children or providing unnecessary treatment.
KFOX14 took a look into the claims.
TV ads sponsored by the attorneys are dark and allude to dental nightmares for children.
They are attention-grabbing and prompted KFOX14 to ask parents via Facebook about their own Kool Smiles experiences.
We received nearly two dozen positive responses, including Penelope Alba, who has been taking her two children, Greg Diaz and Ada Alba, to Kool Smiles for years. She said her kids love Kool Smiles.
Dr. Mark Jerman–Ohio-indicted on prescription fraud.
A Franklin County grand jury indicted a "Top Dentist" on Monday after he allegedly wrote false prescriptions to employees and friends.
Mark Jerman allegedly wrote false prescriptions for hydrocone pills, according to Franklin County prosecutor Ron O'Brien.
According to O'Brien, Jerman, 45, allegedly wrote prescriptions to employees and friends who were not treated as patients. They would allegedly fill the prescriptions and bring the drugs to Jerman.
Jerman was named to a list of "Top Dentists" in the December 2011 edition of "Columbus Monthly." His arraignment was scheduled for Dec. 16.
[It can’t be more evident that “Top Dentist” criteria standards are very low at the “Columbus Monthly” publication in Ohio. This is humiliating for them, or at least should be. I don’t even want to know who was “Bottom Dentists” !]
From Jerman Family Dentistry webstie:
Dr. Mark grew up in Central Ohio. He graduated from Upper Arlington High School in 1984. In 1990 he graduated from The Ohio State University in Economics. After several years working in the dental industry for Patterson Dental Supply, Dr. Mark decided to fulfill his dream of becoming a dentist like his father. He attended The Ohio State University College of Dentistry and graduated with a Doctor of Dental Surgery degree in 1999.
During his 10 year career in dentistry, Dr. Mark has taken many hours of continuing education courses to ensure he is providing the most advanced dentistry available to patients.
Dr. Mark and his wife, Debbie, live in Upper Arlington with their two children, Taylor and Jason. Family and friends are very important to Dr. Mark. He also loves golf and when it's warm and he is not in the office, he is on the golf course. Dr. Mark is a member of the American Dental Association, the Ohio Dental Association, the Columbus Dental Society, Columbus Dental Veterans and the Seattle Study Club.
Update: February 17, 2012
By
John Futty
A Worthington dentist was placed on probation for two years and fined $500 today for feeding his
addiction to pain pills by writing prescriptions that were filled by employees and friends.
Mark S. Jerman, 45, pleaded guilty in Franklin County Common Pleas Court to five counts of
illegally processing drug documents.
Judge Guy Reece imposed the sentence, which was recommended by the prosecution and defense.
The judge said he would send Jerman to prison for eight months if he violates the terms of
his probation, which include continuing treatment for his addiction. Reece also suspended Jerman’s driver’s license for six months but will allow him to drive for work or treatment.
Jerman, of Burbank Drive in Upper Arlington, has a dental practice at 510 High St. in
Worthington.
Jerman’s dental license remains active, but the Ohio State Dental Board is likely to take
disciplinary action at its next meeting on April 11, said Lili C. Reitz, the board’s executive
director.
In the meantime, Jerman could reach an agreement with the board that would suspend his
license while he undergoes treatment, Reitz said.
Wednesday, February 15, 2012
Virginia Regulatory Commission asking for public comment on Dental Rule change to help save lives - Dentists Appose The Rule Change
The Virginia Regulatory committee is asking for public comment on a rule change that would require dentist to train in the 6 links of survival for emergency preparedness.
I sit here shaking me head astonished. For some reason I'm still surprised, dentists are opposing this. Every person opposing the rule change are dentists, their patients are supporting it! The dentists are citing reason after reason but basically it's too "burdensome" or "costly" on their asses! Their patients are citing their lives need protecting!
I sit here shaking me head astonished. For some reason I'm still surprised, dentists are opposing this. Every person opposing the rule change are dentists, their patients are supporting it! The dentists are citing reason after reason but basically it's too "burdensome" or "costly" on their asses! Their patients are citing their lives need protecting!
8 Children have died in the last 12 months
20 Children since 2007
Is a first-aid kit too much trouble and costly as well??
It's simply training in the 6 links of survival~!
Dental Treatment Deaths - 20 Dead Children Since February 2007
Deamonte Driver dies in February 2007, from a brain infection due to a cavity. http://deamontesdentalproject.org/.
Since then there have been at least 20 children die during or just after dental treatment. Those are just the ones we know about. It is my personal belief there are three others in 2011.
The pediatric dental community stormed the halls of Congress demanding better access to dental treatment. In the process of trying to do something good, as what many times happens within the Halls of Congress, a good intention has gone terribly wrong.
Children are dying at a lightening speed, children are being over treated with high reimbursement procedures where the money lands on Wall Street and state budgets are off the charts. But NOT a soul, NOT ONE, from the Pediatric Dental Community has made their way to the halls of Congress demanding something be done to stop the deaths from the dental treatment its self. 1 can die from lack of treatment, 20 can die because of treatment, and we can't even get a 2 minute segment on the morning talk show to run a story sitting in their vaults.
WTH!
ABC News has had a segment filmed and completed for well over a year. It was to be shown on Good Morning America.
NBC News started to film a story about this in mid December 2011, the postponed it. Likely didn't plan to run it at all. Then the next day or two, a couple of teens dies during Christmas break. They decided to bring everyone back to NYC and film the segment the first week of January. Not seen it yet!!
Since then there have been at least 20 children die during or just after dental treatment. Those are just the ones we know about. It is my personal belief there are three others in 2011.
The pediatric dental community stormed the halls of Congress demanding better access to dental treatment. In the process of trying to do something good, as what many times happens within the Halls of Congress, a good intention has gone terribly wrong.
Children are dying at a lightening speed, children are being over treated with high reimbursement procedures where the money lands on Wall Street and state budgets are off the charts. But NOT a soul, NOT ONE, from the Pediatric Dental Community has made their way to the halls of Congress demanding something be done to stop the deaths from the dental treatment its self. 1 can die from lack of treatment, 20 can die because of treatment, and we can't even get a 2 minute segment on the morning talk show to run a story sitting in their vaults.
WTH!
ABC News has had a segment filmed and completed for well over a year. It was to be shown on Good Morning America.
NBC News started to film a story about this in mid December 2011, the postponed it. Likely didn't plan to run it at all. Then the next day or two, a couple of teens dies during Christmas break. They decided to bring everyone back to NYC and film the segment the first week of January. Not seen it yet!!
3 year old Juan Quiej's and 6 year old Kyneicha Pagan death by Dr. Patrick Bamgboye, DDS - Both children Papoosed!
NEWARK — An Irvington dentist who was disciplined by the state after a 6-year-old girl died during a routine procedure eight years ago is again under investigation following the death of a second child in his care last week.
Patrick Bamgboye, 64, was still on probation for the earlier incident when 3-year-old Juan Quiej and his mother arrived at Dental Health Associates last Wednesday.
Juan, who was there to have cavities fixed, was restrained in a cocoon-like papoose to limit his movement and administered a local anesthetic, his mother said.
[FYI to investigators - There was a death much like this in NM a few years ago. Dr. Mathew Nolen, since deceased was working for Dr. Eddie DeRose at the time in the Small Smiles Dental Clinic]
Shortly afterward, the boy went limp, his lips turning blue. He had stopped breathing. He was later pronounced dead at a local hospital.