ICV Partners Announces Majority Investment in Cherry Tree Dental
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NEW YORK, March 16, 2021 /PRNewswire/ ICV Partners, LLC, a leading investment firm focused on lower middle market companies in business services, consumer goods & services, food & beverage, and healthcare, announced today that it has made a majority investment in Cherry Tree Dental (Cherry Tree), in partnership with Co-CEOs Steve Sorrel and Jack Young.
Cherry Tree Dental is a leading general dentistry provider in Wisconsin that employs a proven acquisition and office consolidation strategy dedicated to small, one or two-dentist practices. Founded in 2006 and based in Madison, Cherry Tree is the largest independent general dentistry provider in Wisconsin, operating 28 locations in 10 markets. As part of Cherry Tree s cohesive corporate entity, offices are supported by a central corporate team that provides a variety of services including human resources, p
ICV Partners Announces Majority Investment in Cherry Tree Dental
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Apple Tree Dental and the Minnesota Department of Human Services worked together to open the first public, nonprofit dental clinic in the state, located in Fergus Falls, Minnesota. A grand opening was held Wednesday, Dec. 9.
Dr. Michael J. Helgeson, CEO of Apple Tree Dental, said the center could not have become a reality without the DHS, the cityâs tax exempt bonds and support from local private providers and businesses.
âThis is a great story of an entire community coming together,â Helgeson said. âEverybody teamed up in different ways and eventually solved all the problems to make it happen.â
With combined efforts from the state, private and nonprofit sectors, the center will begin to address shortages in dental access for individuals on public insurance in rural west central Minnesota.