Shore Capital Partners Announces Founding of Innovate 32, Nashville-based Dental Services Organization
17 Julio 2024 - 6:55AM
Business Wire
Strategic Partnership with Premier Nashville
Practice Kicks Off Rapid Growth Plan throughout the South and
Mid-Atlantic.
Shore Capital Partners (“Shore” or “Shore Capital”) is pleased
to announce the founding of Innovate 32 (the “Company”) with the
completion of a strategic partnership with Dr. Clint Newman (“Dr.
Newman”). Innovate 32, headquartered in Nashville, TN, is a dental
services organization that partners with growth-minded dentists and
premier practices to deliver expertise in business development,
finance, marketing, recruiting, benefits, and other practice
administration while enhancing the ability to provide the highest
quality patient care.
Bolstered by a world-class Board of Directors comprised of
industry thought leaders and doctors, experienced multi-site
healthcare operators, and direct-to-consumer marketing experts,
Innovate and Shore continue to invest in people and processes to
support the operations of their affiliated practices. The Company
will actively pursue opportunities to partner with independent
dental practices to build a network of top dentists that maintain a
dentist-led culture and patient-first approach.
“Shore and Innovate 32 are proud and excited to partner with Dr.
Newman and his team members, who have built an impressive group of
practices with an excellent reputation throughout the Nashville
community,” said Charlie Shreve, Principal at Shore Capital and
Innovate 32 Board Member. “Shore’s extensive experience in
provider-based, multi-site healthcare will allow us to identify
markets and practices positioned for continued growth, partner with
entrepreneurial-minded dentists like Dr. Newman, and uphold a
patient-centric approach to each community we serve.”
Originally founded in 2001, the group of dental practices
includes Clint Newman, DDS, Gulch Dental Studio, and Dental Haus
Germantown. Each practice provides a full suite of general
dentistry and cosmetic services to patients in the greater
Nashville area. The practice group is led by Dr. Newman, who has
over twenty years of clinical experience providing quality care to
his patients and scaling dental practices to serve the unique needs
of their respective communities. “We are ecstatic to announce our
partnership with Shore Capital given their proven track record in
the provider-based healthcare landscape. Our partnership will
enable us to invest further in our team and expand our service
offerings, so we can grow faster while maintaining our innovative
culture and quality experience for employees and patients. I am
immensely proud of the growth we have achieved and appreciative of
the trust our patients and partners have placed in us over the
years and look forward to the next chapter with Shore and Innovate
32.” In connection with the partnership, Dr. Newman will join the
Board of Innovate 32 and play a critical role in shaping the vision
and executing against the growth strategy for the broader
organization.
Innovate 32 is launching with a talented management team led by
Chief Executive Officer, Josh Johnson, a distinguished executive
with 20+ years of experience dedicated to operations, business
development, and finance in provider-based, multi-site healthcare
settings.
“I am thrilled to partner with Shore, Dr. Newman, and our
renowned Board of Directors to found Innovate 32,” Johnson said.
“Dr. Newman has built an impressive network of practices that truly
puts patients first by providing exceptional care through a team of
highly trained dentists and experienced clinical support and
administrative staff. I look forward to working with Shore Capital,
Dr. Newman, and his team to build on their successes to create a
best-in-class dental services organization to partner with our
practices.”
“We believe the dental industry is well-positioned to grow and
benefit from innovation while also improving the overall standard
of care, and Dr. Newman’s practices boast a team and brands that
patients trust in the Nashville area. We are excited to kick off
our partnership with Dr. Newman and Josh, and we are eager to
partner with dentists who share our values and vision for the
dental industry,” added Chris Mioton, Partner at Shore Capital and
Innovate 32 Board Member.
To learn more about partnerships with Innovate 32, please visit
www.innovate32services.com, or contact Josh Johnson
(jjohnson@innovate32services.com).
About Shore Capital Partners
Shore Capital, a Chicago based private equity firm with offices
in Nashville, is an investor in lower middle market companies in
the Healthcare, Food and Beverage, Business Services, Industrial,
and Real Estate industries. Shore’s strategy is to support
management partners to grow faster with less risk, through access
to capital, world class board and operational resources, and
unmatched networking, development, and shared learnings across the
portfolio. From 2020-2023 Shore received recognition from Inc
Magazine as a 4x Top Founder Friendly Investor and by Pitchbook
research for being the global leader in Private Equity total deal
volume. Shore targets investments in proven, successful private
companies with superior management teams, stable cash flow, and
significant potential to grow through industry consolidation and
organic growth to generate value for shareholders. Shore has over
$7 billion of assets under management and in additional investment
platforms to which it provides business and operational consulting
services. For more information, including with respect to these
awards and investment platforms, please visit: www.shorecp.com.
About Innovate 32
Innovate 32 is a Nashville, TN-based dental services
organization that supports a growing network of premier dental
practices, delivering best-in-class patient experiences through
unmatched partner support. Innovate 32 provides a firm foundation
of essential management resources for its partners, empowering them
to remain focused on what matters most – delivering the best
patient care possible. Backed by Shore Capital, Innovate 32 is
supported by a world-class Board of Directors, with deep experience
in dentistry, operations, and private equity. For more information,
please visit: https://innovate32services.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20240717750333/en/
Josh Johnson jjohnson@innovate32services.com
www.innovate32services.com