Cano Health (CANO) Acquires Dental Excellence Partners

Onsite Dental, a national leader in employer-based dental care backed by Norwest Venture Partners, has acquired Dental Excellence Partners, LLP, a leading national dental organization serving primarily Medicare and Medicaid patients. In addition to this acquisition, Onsite Dental has entered into a strategic partnership with Cano Health (NYSE: CANO), a leading value-based primary care provider and population health company with medical centers in six states.

With the acquisition of Dental Excellence Partners (DEP), Onsite Dental is now one of the country's leading value-based dental organizations, with over one million eligible patients (850,000 eligible employees and dependents and over 250,000 capitated Medicare, Medicaid, and Affordable Care Act members) across 14 states, with a rapidly growing presence in new and existing states across the country.

"Onsite Dental's 'Healthy, Happy, Here' mission provides the foundation for our unique value-based dental care delivery model for leading employers, unions, and universities across the country,'' said Ern Blackwelder, CEO of Onsite Dental. "We are thrilled to acquire DEP and partner with Cano Health to expand our offerings to senior communities and advance the integration of primary care and oral health."

"We are excited about this combination of Onsite and DEP in the critical dental health space," said Dr. Ryan Harris, General Partner at Norwest Venture Partners. "Our new partnership with Cano Health expands Onsite Dental's leadership role as a national value-based dental provider, committed to delivering high-quality care to patients across the country."

The partnership between Onsite Dental and Cano Health is a strategic collaboration to promote preventative, proactive dentistry and medical care. The majority of DEP's state-of-the-art clinics are located within Cano Health's primary care clinics, creating an integrated, collaborative approach to dental and medical care designed to improve both oral and overall health outcomes at lower cost with high patient satisfaction. Similarly, Onsite Dental's existing practices are typically co-located with employer primary care clinics, enabling Onsite Dental patients to benefit from high-touch value-based care.

"Research supports a strong connection between poor oral health and increased risk for chronic illnesses," said Dr. Stephanie Hernandez, CEO of DEP. "For 20 years, we have provided dental services that have made a tremendous difference to our patients and communities. I'm very proud to partner with Onsite to more rapidly expand our services nationwide."

Dr. Marlow Hernandez, Chairman and CEO of Cano Health commented, "Accessible, high-quality dental care is an integral part of overall patient health and wellness. Our partnership with Onsite will build upon our personalized, tech-enabled patient care model, enhancing our ability to provide high quality care to our members. We are confident that our partnership with Onsite Dental will help us realize our vision to be the national leader in value-based healthcare."

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