TORONTO: Dentalcorp Holdings Ltd., Canada’s largest network of dental practices, said on Thursday it has agreed to be acquired by private equity firm GTCR in a deal that values the company at about C$3.3 billion ($2.4 billion) including debt.
Under the terms of the agreement, GTCR will pay C$11.00 in cash for each share of Dentalcorp, representing a premium of approximately 33% to the stock’s last closing price before the announcement.
The transaction, which is expected to close in the first quarter of 2026, will see Dentalcorp delisted from the Toronto Stock Exchange. The company’s top executives, including Founder and Chief Executive Graham Rosenberg, have signed irrevocable agreements to vote their shares in favor of the deal.
“This transaction affirms the significant value inherent in our business and provides our shareholders with immediate and attractive cash consideration at a significant premium,” Rosenberg said in a statement.
The all-cash offer provides certainty for shareholders, the company said. The deal was approved by Dentalcorp’s board after a recommendation from a special committee of independent directors, which received a fairness opinion from its financial advisor.
John D. Kos, Managing Director at GTCR, said the private equity firm was “excited to partner” with Dentalcorp’s management. “Dentalcorp has an impressive tech-enabled platform and a unique service offering, which makes them the partner of choice for leading dental practices,” Kos said.
Rosenberg and President Nate Tchaplia will remain in their roles following the acquisition. GTCR stated that the move to private ownership will provide Dentalcorp with enhanced flexibility to invest in technology and continue its expansion across Canada.
($1 = 1.3723 Canadian dollars)