Wednesday, May 09, 2012

AUA Private Equity Partners LLC and Topspin Partners co-investing into Brighter Dental Care; Owner-operators of clinics are brothers Todd and Scott Singer.

Have these folks not been paying attention to Church Street Health Mangement-Arcapita-CIT-American Capital-Small Smiles deal?  What about Valor Investment Partners, and Richard Malouf in Texas?!!

In coming days they will swear up and down they don’t own anything, they just give our money to folks who say have Management Service Agreements with clinics. AUA Private Equity and Topspin Parnters, you better have attorney’s look over this more carefully.

Hint: Don’t use Waller Lansden… Not until you need a sweet deal  the the DOJ, then they are your guys. Just saying… Todd and Scott, this is to you, take the money and run..fast as you can! I bet I know what you did, but do they?
AUA Private Equity Partners LLC, New York-based private equity firm, introduced the Topspin team to the deal and co-invested. The owner-operators of the company, brothers Todd and Scott Singer, retained large equity stakes in the company.
 
From the folks at PE Hub:
Topspin Partners LBO, a lower mid-market buyout shop, has made a substantial investment in Brighter Dental Care, a chain of dental practices in New Jersey, Buyouts reported earlier, citing firm Managing Director Leigh Randall .
The company’s seven practices perform general dental, periodontic, orthodontic, endodontic and oral surgery procedures, and employs a business model in which the patient spends more time with the dentist early on than is customary at a typical practice in order to plan long-term care, Randall said. The company’s enterprise value is between $10 million and $50 million, he said.
“It’s very much a ‘Let’s see what the state of your oral is,’” Randall said. “It’s not just about a getting a dental cleaning.”

Roslyn Heights, N.Y.-based Topspin typically invests $5 million to $10 million of equity in its deals, and is about 60 percent invested in its debut buyout fund, a $132 million vehicle it raised in 2007.

AUA Private Equity Partners LLC, another New York-based private equity firm, introduced the Topspin team to the deal and co-invested. The owner-operators of the company, brothers Todd and Scott Singer, retained large equity stakes in the company.
Beyond the company’s business model, Topspin was drawn to some trends favoring the dental practice industry. Estimated expenditures for dental care grew at a compound annual rate of approximately 7 percent from 1998 to 2008, and are expected to grow at a rate of approximately 6 percent over the following decade and reach $180 billion by 2019, according to the Centers for Medicare & Medicaid Services.





Tuesday, May 08, 2012

Why is no one putting executive officers and other key personnel from the corporate dental chains in jail? Thousands of dentists pushed by corporate executives do this hundreds of thousands times a day, and not a damn soul seems to care. So why this guy?

Dentist performed thousands of dollars worth of unneeded procedures, state alleges

By Sara Seyydin Journal Staff Writer

A Loomis State Enforcement Chief was part of a recent investigation into a Sacramento dentist whose license was suspend recently for allegedly performing procedures people didn't need on healthy teeth.

Local officials in the dental field say there are steps consumers can take to protect themselves from being victims of dental fraud.

Loomis resident Kim Trefry, enforcement chief for the Dental Board of California, said the agency received reports that Dr. David Lewis was performing thousands of dollars of complex work on patients that didn't need it.

In October he was served with a search warrant and evidence was collected from his office. Files revealed that many of his targeted patients were UPS employees because their plan covers 100 percent of dental work, with no co-pay and no cap, she said.

"We received information that he basically was doing work on sound and healthy teeth to create what would appear to be cavities in the mouth and then billing an insurance company to make repairs he had just created," Trefry said.

An insurance company and former employee alerted the board she said.
In 2006, he billed an insurance company $150,000, only to bill them $829,000 in 2010 for many procedures people did not need, she said.

Trefry said while this type of fraud is not common and Lewis has closed his practice and been placed on suspension until his hearing, there are things local patients can do to prevent this from happening to them.

Aside from ensuring a dentist has a current license and no record discipline against them, patients should ask questions she said.
"If something doesn't sound right, you ask questions; get a second opinion," Trefry said.

She said depending on the dental school someone went to they may have different opinions about how to treat something, but patients should always know what they are seeking out of any treatment they undergo.

She also advises consumers to be aware of what their insurance plan covers and what they may have to pay for out of pocket. For Auburn-area residents who may have been patients of Lewis, Trefry said they could take action in a civil case or file a complaint with the board. So many complaints have already been filed she said it may not change the outcome of the case at this point.

Cathy Murchison, dental administrator for Chapa-De Indian Health Program in Auburn, Woodland and Grass Valley, said she would start by talking to friends and family for reputable dentist recommendations and discuss each procedure before it is completed.

"That they involve you in the decision, explain it to you so you understand and also offer you options," Murchison said. "Not only just options, but the pros and the cons to either doing it or not doing it, so you are prepared."
Murchison said their may be some cases where patients would do well to get a second opinion.

"If they are going to diagnose anything that is very expensive, it is always good to get a second opinion," Murchison said. "At least that would put your mind at ease if two doctors recommend the same treatment."

Monday, May 07, 2012

No Bids

No bids for Church Street Health Management.

If same holds true for All Smiles in Texas, Michal DeRose and family of Small Smiles along with Richard Malouf and cast of All Smiles, are laughing all the way to the bank and the Private Equity firms who were mislead by counsel are crying in their beer.

Sunday, May 06, 2012

Disgraced Texas “All Smiles Dental Centers” & Dr. Adrian Martin Codel

Has anyone wondered who Valor Investment’s front man dentist happens to be, since Malouf no longer owned more than 50% of the centers, Valor needed a pretend owner to be on the various PLLC documents.

The “pretend” owner is Dr. Adrian Martin Codel, of Chicago, Illinois, Valor’s headquarters.

Adrian Martin Codel
All Smiles Dental – Texas
AC Dental – Chicago


Dr. Adrian Codel

DrAdrianCodelAfter graduating from Northwestern University Dental School's last graduating class in 2001, I went on to complete a General Practice Residency at the Illinois Masonic Medical Center.

This hospital based dental experience included training in IV sedation and Special Needs patient care in a clinical and O.R. setting. The public health component involved providing dental care on a mobile dental unit.

I enjoyed this aspect of dentistry so much, I stayed on as an attending dentist primarily on the mobile unit. Specifically, providing free urgent care to the homeless Chicago population Friday nights. In addition, I was an associate dentist for a pediatric dentist my first 3 years after receiving my GPR certificate.

In 2005, I purchased an existing dental practice and have been a solo practitioner in this urban community based practice since then.

In October 2010, I was approached by a colleague interested in making an equity investment in the largest provider of dentistry in the state of Texas. I agreed to consult him in this purchase and am currently the president/owner of All Smiles Dental Centers which oversees 38 clinics and 5 mobile units providing dental care to the undeserved population in Dallas and surrounding areas.
http://www.sharecare.com/user/dr-adrian-codel/bio


Now, unless Dr. Adrian Martin Codel is a complete imbecile, he knew he was breaking all kinds of Dental Practice Acts by doing this. I’ll give him kudos though; he at least admits he was approached to help with an “Equity Investment”.

I think he might have been approached before October 2010, his Texas dental license was issued in September 2010.

Now he’s linked up with the most outrageous, flamboyant criminal dental enterprise since Michael A., Eddie and Dan DeRose and their FORBA a/k/a Small Smiles. 

Hmm…All Smiles, Small Smiles, …. I’m thinking a nice jingle is in order!

Dr. Adrian M. Codel
Illinois Lic info:
Number-019025709
Status-Active
Date Issued-10/29/2001

Texas Lic info:
Number – 0025986
All Smiles Dental Ctr –Abrams
6780 Abrams Rd. #207
Dallas, Texas 75231
312-217-9630Status - Active
Date Issued –09-14-2010
Disciplinary Actions- No
Permits – Nitrous-issued 10-12-2010

Saturday, May 05, 2012

See, Dr. Malouf, they do arrests flamboyant dentists. Dr. Tom K Kalili of Beverly Hills could face 50 years in prison

Yay! A District Attorney with some kahuna’s. Looks like the Office Manager is gonna get nailed too. Unless she’s wise and rolls over on Dr .Kalili. But as we have seen, some will go down with the ship. Sad, really sad.

 

Beverly Hills Patch

A Beverly Hills dentist accused of insurance fraud was arrested Friday in connection with a criminal complaint charging him with 101 felony counts, the District Attorney's Office said.

Tom K. Kalili, 57, is scheduled to be arraigned early next week on charges including insurance fraud, grand theft of personal property and filing a false tax return.

Kalili owns and operates Beverly Hills Medical Suites, a dental office located at 416 N. Bedford Drive, according to the District Attorney's Office.

KTLA reported that Kalili and his partners have celebrity clients who include Jim Carrey, Kathy Ireland, Adam Sandler, Keanu Reeves and Vin Diesel.

Kalili's office manager and biller, Claudia Ventura, 38, is charged with 10 felony counts, including insurance fraud and accessory after the fact. She is set to be arraigned next week along with Kalili.

The charges stem from a multi-year investigation by the California Department of Insurance, the California Dental Board and the California Franchise Board.

Prosecutors were asking that Kalili's bail be set at $500,000 and that Ventura's bail be set at $25,000.

If convicted as charged, Kalili could face more than 50 years in state prison and Ventura could face more than seven years behind bars, according to the District Attorney's Office.

Richard J. Malouf–A call for every item this man has had his name attached to or inscribed on to be seized! Not tomorrow, but by 5 this afternoon. And don’t forget his passport!

 

E-mail bharris@wfaa.com

Related:

maloufdancingThis should make every man, woman and child world wide, mad as hell. There should be crowds of people in front of the “gansta's house along side the news trucks.

Richard J. Malouf, just gave the, Department of Justice, the US Attorney’s Office, the citizens of Texas as well as every prosecutor in Texas the finger. But not the one he is using in the picture to the left.

On March 21, 2012 the US Attorney’s office in Texas allowed Richard Malouf to say he would pay them $1.2 million dollars to walk away from fraud charges he committed between 2004 and 2007.

 

Friday, May 04, 2012

Dr. Richard Malouf and Dr. Adrian Codel partner in many of the All Smiles–Valor Investment Entities

All Smiles Dental Centers various Names, members, executives and agents.

   
All Smiles Dental Centers, Inc
All Smiles Dental Centers
All Smiles Dental and Orthodontics
All Smiles Dental, PA
All Smiles Dental Professionals*
Arlington Smiles by Wire, PLLC
AS Property Holdings, LLC*
Dallas Smiles, PLLC**
Discount Dental Services
Fort Worth Smiles by Wire, PLLC*
Fulton Road Smiles, PLLC**
Garland Road Smiles, PLLC8*,**
Garland Road Smiles by Wire, PLLC**

*Officer, Member, Director or Agent:
Richard Malouf,DDS
9090 Skillman St. Ste, 200C
Dallas, TX 75243

 

 

Haltom City Smiles, PLLC*,**
Jacksboro Smiles, PLLC*,**
Jacksboro Smiles by Wire, PLLC*,**, ***
Lewisville Smiles, PLLC*,**
Northwest Highway Smiles, PLLC*,**
NW Hwy Smiles by Wire, PLLC
Oak Cliff Smiles, PLLC
Park Plaza Smiles, PLLC*,**
Plano Minyards Smiles, PLLC*,**
S. Hampton Smiles, PLLC*,**
St. Francis Smiles, PLLC*,**
Valley View Smiles, PLLC


**Agent:
Adrian Codel,DDS
4901 LBJ Fwy, Ste 400
Dallas, TX 75244

*** Not listed on Bankruptcy Filings

Petition for Financing – who owns what and how much and how it happened.
Terms and Conditions of Financing
The Budget

As a side note here:

I bet Church Street is happy All Smiles filed and got my focus off of their big month of May. Sorry to disappoint. I’m still focused, as I have been for 4 plus years. CSHM simply should not have tied down and abused children to steal tax dollars.

All Smiles Dental Centers & AS Property Holdings, LLC Top 20 List

Top 20 Unsecured Creditors for All Smiles Dental and AS Property Holdings, LLC

Company Creditor

Caymus Partners, LLC

$3,425,354.81

Valor Management Corp

$265,252.02

United Constructors of Texas, Inc

$218,028.17

Greenberg Traurig

$212,718.31

Henry Schein

$182,979.50

Southlake General Contractors

$140,077.39

McKenna Long & Aldridge

$139,281,32

Fish & Richardson, PC

$139,129.21

CB Richard Ellis

$125,471.44

Susman Godfrey, LLP

$116,346.45

Abrams & Baylis, LLP

$96,745.38

Waller, Lansden, Dortch & Davis

$92,279.38

Alorica, Inc

$72,571.75

SYBRon/SDS ORMCO-ORTHO

$71,468.31

Logix Communication

$45,150.69

Univision 23

$25,445.00

Richard Malouf

$20,245.66

Duff & Phelps, LLC

$19,250.00

Process in Focus

$16,665.50

Missing is:

US Department of Justice and the state of Texas??

Do they not owe $1.2 Million or is that on Malouf himself since it was for the early years?

Valor Private Equity-Richard Malouf All Smiles Dental Centers Top 20 Unsecured Creditors List

Amended 20 Largest Unsecured Creditors- Doc 8

Valor Investments –They lost their ass fast.

Other Filings Here

Thursday, May 03, 2012

All Smiles Bankruptcy Initial Creditors List

They simply can’t stay afloat if they are under the watchful eye of a Corporate Integrity Agreement. Which translates into, they can have no integrity and must rely on fraud.

Looks like Richard Malouf,DDS is trying to claim he’s a creditor. That’s because he didn’t take the lump sum option when he sold out to private equity. ROTFLMAO!

Some of these suppliers are gonna be next.... i.e. Henry Schein. They seem to make every list. When you lay with dogs, you're gonna get fleas!

All I’m saying, is if I were a company like Henry Schein, I would be demanding accounts to be paid in full by close of business tomorrow! Extend NO more credit. This is the real dental crisis!  Currently I wouldn’t touch this stock with a ten foot pole! 

Oh, and one last piece of advice, I’ve said on here before but I will say it again.
DO NOT TAKE THE PAYMENT METHOD WHEN YOU SELL TO CRIMINALS. Contrary to popular belief, there is NO honor among thieves. A con artist made that up!

  • 2001 East Beltline LLP
  • 2009 Strait Lane Family LP
  • 2009 Strait Lane Family LP
  • 2009 Strait Lane Family LP
  • 2009 Strait Lane Family LP
  • 8880 Bellaire, L.P.
  • 8930 RL Thornton LLC
  • Abrams & Baylis LLP
  • Acrocom
  • ADT Security
  • ADT Security Services, Inc.
  • Air Gas
  • All Smiles Dental Center, Inc.
  • Alorica, Inc.
  • Aqua Chill of Dallas
  • Aqua Chill of Gulf Coast
  • ASDC Holdings
  • ASDC Holdings, LLC
  • Atmos Energy -NWH
  • Atmos Energy Corporation
  • Best Buy Business Advantage Account
  • Bhagat Holdings, LTD
  • Biomedical
  • BKD LLP