Charlesbank Capital Partners, a middle-market private investment firm with offices in Boston and New York, has formed Kleer-Membersy, which was formed through the acquisition and merger of Kleer and Membersy, two providers of technology-driven dental membership plans.
Founded in 2015 and 2017, respectively, Membersy and Kleer provide dental practices and dental service organizations (DSOs) with tools to grow their membership programs, including consultative plan design, a technology platform, plan branding and marketing collateral, regulatory compliance and support for patients and dental office staff. The combined company will support a footprint of 20,000 dentists and millions of patients across 50 states.
“This model improves patient access to care, while also improving dental practice performance. By bringing these companies together, we fully expect to enhance their ability to serve dental practices and patients nationwide,” comments Mike Zirngibl, a principal at Charlesbank.
Ernst & Young Capital Advisors and Holland & Knight served as advisors to Membersy, while Carlsquare and Gunderson Dettmer served as advisors to Kleer. For Charlesbank, OM Partners served as the financial advisor, and Goodwin acted as legal advisor.