06 June 2023

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Hudson Dental DSO launches in New York during year of rapid growth

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Hudson Dental Partners, a growing dental support organization (DSO) in the Northeastern U.S., announced on May 23 a partnership with its first dental practice in New York state. As a DSO, Hudson Dental provides business support to alleviate the management concerns of dental practice owners by streamlining their operations and allowing for growth. The company is backed by Hudson Yards Capital.

In an email, Haim Haviv, founder and CEO of Hudson Dental, said the new practice is in the greater Binghamton, New York area. Hudson Dental Partners will not change the branding on practices it partners with. 

In addition to this partnership, Haviv said that the organization has a few other locations in advanced diligence or pre-close stages in New York state. 

In the news release, he said that his team is dedicated to building upon its success by leveraging scale, connections and expertise.

"We believe this partnership will create long-term value for everyone involved: dentists, staff, patients, and the local community," he said. 

"At Hudson, we don't simply invest in practices or services – we first and foremost partner with great people and build champions," he said in the news release.

"Furthermore, we don't change our dentists' clinical standards, processes or branding. Rather, we handle all the back-end business operations so that dentists can focus on treating patients with kindness, professionalism, and respect. We are always looking for great doctors to join Hudson and offer them a compensation package plus an equity stake."

The DSO model is becoming increasingly popular for dental practices nationwide as it provides more affordable care to a larger patient population. Grouping dental practices allows DSOs to minimize their costs and pass the savings along to patients.

The lead dentist at Hudson's newly acquired practice said that the Hudson team "simply knows what it's doing."

"Over the past few months of working with them, I've had a lot of questions about marketing, billing, recruiting, and more," the dentist said in the news release. "They are always available to me and understand my specific situation very quickly. I am excited to keep growing my practice with them."

Hudson Dental brings substantial experience operating, growing and financing dental practices. Collectively, the team holds over 100 years of dental experience. The organization expects up to 7% in organic growth and up to $20 million in acquisition revenue annually. It is first focusing its M&A strategy on the Northeast, after which it will expand nationally.

To learn more about or be part of Hudson Dental visit www.joinhudson.com.