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March 31, 2023
Mosaic Dental Collective, announced a partnership with Audax Private Equity, an alternative investment manager and capital partner for North American middle market companies. Mosaic is a dental services organization (DSO) supporting 49 affiliated dental offices in California and Washington, with a differentiated dentist-led DSO model. Financial terms of the transaction were not disclosed. Proskauer Rose served as legal counsel to Mosaic. Based in Vancouver, Washington, Mosaic supports practices across general dentistry, periodontics, orthodontics, prosthodontics, endodontics, and oral surgery. Mosaic was founded by Jagdev Heir. Audax is an experienced investor in healthcare, having acquired over 30 platforms in the sector and more than 450 add-ons. Audax was founded in 1999, and is based in Boston and San Francisco.