CHARLOTTE, N.C., Nov. 22, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Advantage Community Holding Company LLC (Advantage Dental), a dental managed care provider, on its majority stake sale to DentaQuest LLC (DentaQuest). The transaction closed on Sept. 30, 2016.
Headquartered in Redmond, Oregon, Advantage Dental is a Medicaid-focused dental managed care provider, offering services to patients through its established network of dentists and company-owned clinics. Advantage Dental was founded in 1994 by a group of Oregon dentists concerned with the lack of access to dental care in rural areas of the state. Since its inception, Advantage Dental has made several strategic acquisitions, enabling it to currently provide care to over 300,000 recipients across the state of Oregon. "Deloitte Corporate Finance was instrumental in not only navigating a complicated transaction process, but also educating and reassuring Advantage Dental's unique shareholder base as the deal progressed," said Dr. Mike Shirtcliff, president and founder, Advantage Dental. Dr. Kyle House, chairman, Advantage Dental, added , "We really appreciated the insight and support DCF provided at each stage of the process, as Advantage Dental sought a new partner for the next phase of its growth." "Drs. Shirtcliff and House, along with the rest of Advantage Dental's leadership team, have built a market-leading company providing care for some of Oregon's most in-need residents," said Jason Porter, senior vice president, Deloitte Corporate Finance LLC. "We were happy to help secure the strategic partner Advantage Dental needed to help continue its growth and success." About Advantage Community Holding Company LLC Advantage Dental, based in Redmond, Ore., was established in 1994 to provide dental leadership, service and access to care in Oregon communities in a sustainable, entrepreneurial and professional manner. For more information on Advantage Dental, visit www.advantagedental.com. About DentaQuest LLC Based in Boston, Mass., DentaQuest is one of the largest oral health companies in the Medicaid space. Along with its charitable DentaQuest Foundation, its clinical DentaQuest Care Group, and its educational DentaQuest Institute, its mission is to improve the oral health of all. For more information, visit the DentaQuest website www.dentaquest.com.