Wednesday, February 23, 2011

Hudec Dental to Acquire Three Former Allcare Dental Offices

As i predicted some time ago, the Allcare Dental offices would be sold off piece by piece and then bankruptcy would be filed on the remainder offices.
Hudec Dental announced today that it has acquired the assets of three former Allcare Dental locations to help patients with access to records and quality dental care. In so-doing, Hudec becomes the largest independent dental practice in the region.

The acquisitions were announced by Hudec President, Dr. John Hudec, who founded the business in 1977 with a single office. Last year the company served more than 78,000 patient visits at eleven locations throughout Northeast Ohio. Terms of the deal were not disclosed.

In addition to the three acquisitions, Hudec is also the custodian of patient records for seven closed Allcare locations including Cuyahoga Falls, Garfield Heights, Mentor, Middleburg Heights, Parma, North Olmsted and Canton. Former Allcare patients at these locations may contact Hudec for their records and for information on their care.

"We are extremely pleased and excited to extend our service to the community to three new locations: Mentor, Middleburg Heights and Canton," Dr. Hudec said. "Unfortunately, thousands of people were abandoned when Allcare abruptly went out of business at the end of last year. We are looking forward to caring for their dental health needs and to bringing our reputation of great patient service to each of the new locations and communities."

Hudec currently operates four locations in Cleveland and seven other locations in Bedford, Broadview Heights, Brooklyn, Euclid, Garfield Heights, Macedonia and Strongsville. The company employs 132 licensed dentists, licensed hygienists and dental assistants as well support staff. The acquisition will potentially add another 25 people to the organization.

There seems to be a pattern with these large dental management organizations. When they try to grow from a few states, the economy of scale of many dental offices starts to break down as the management over a wide geographic area becomes more of a challenge.
I don't think the private practicing dentists (group or solo) will ever have to worry about anything more than a small regional chain of dental offices competing with them.

No comments:

Post a Comment