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Rock Mountain Capital makes significant minority investment in Spark Orthodontics
Submitted 22/04/2021 - 9:42amRock Mountain Capital (RMC) has made a significant minority investment in Spark Orthodontics (Spark), a specialty orthodontics platform with 10 locations in rural/suburban Pennsylvania.
The investment will support the company's growth strategy focused on acquiring additional practices and locations in Pennsylvania and in new markets. Financial terms of the deal were not disclosed.
Spark was founded in 2010 by Dr Jason Hartman, DMD, MS, and the practice has served tens of thousands of patients since opening its doors. Spark is widely recognised as a leader in orthodontics. The company has grown to 10 locations through a mix of acquisitions and new office openings.
"We have been extremely impressed by Dr Hartman and the business he has built, and are excited to partner with him to support his growth strategy for Spark Orthodontics," says David Stonehill, Founder and Managing Partner of Rock Mountain Capital. "RMC brings extensive experience in working with entrepreneurs, particularly with multi-site healthcare/consumer services roll-up platforms, which we will leverage as we execute on our shared vision."
"Since the beginning our mission has been to change lives, support our communities and make treatment fun for our patients. Rock Mountain Capital's expertise will be invaluable as we work together to provide high-quality orthodontic care to new markets," says Dr Jason Hartman, Founder and CEO, Spark Orthodontics.
"Spark has demonstrated its expertise in bringing best-in-class orthodontic care to patients using advanced technologies and in creating innovative office designs while maintaining a meaningful commitment to the communities they serve," says David Scharf, Managing Director, Rock Mountain Capital. "We look forward to working together with Dr. Hartman, and with Jennifer Hartman, Chief Operating Officer, to build on this success."
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