Dental Intelligence, a dentistry analytics and workflow automation platform, has acquired Modento, a service provider of patient communications and management. The transaction will expand Dental Intelligence’s product suite and position the company for growth. Modento’s technology will enhance the insights available through the Dental Intelligence analytics service. With the acquisition, Dental Intelligence will focus on helping practices grow and ensuring patients or practice growth opportunities do not slip through the cracks.
Weston Lunsford, CEO of Dental Intelligence, said, “Our analytics and online scheduling technologies combined with Modento’s patient engagement and communications will help practices provide more and better dentistry to their patients, especially to those who need it the most. With this acquisition, we believe that our cloud-based tech and unparalleled user experience will ensure that each of our customers’ locations are managed consistently and efficiently while maintaining the highest level of compliance. That, in turn, will drive increased production and EBITDA. It’s the final piece of the software puzzle for any practice or DSO.”
Karol Jasik, CEO of Modento, added. “We are beyond excited to join forces with the DI team as they embody the values that Modento holds dear. These shared values – technological innovation, stellar customer service, and the best possible user experience – have helped our company get where we are today. Combining forces with DI accelerates our trajectory to deliver the intelligent, intuitive, and robust software product that the dental industry has been waiting for.”
The transaction is supported by Dental Intelligence’s shareholders – PSG, a growth equity firm partnering with middle-market software and technology-enabled service companies, Blue Star Innovation Partners, a growth equity investment firm, and K1 Investment Management, a investment firm focusing on high-growth enterprise software companies.