Used ABC to wind down a national dental services organization (DSO)
PE-backed Dental Services Organization
A private-equity-backed national dental services organization elected to close operations due to financial underperformance. Gibbins Advisors designed and executed an orderly wind down through an Assignment for the Benefit of Creditors (ABC) — completed in four weeks with zero disruption to patient care.
TEAM Ronald Winters, Ethan Sooy
Situation Overview
A private-equity-backed national dental services organization (DSO) in the dental implant industry partnered with dentists to provide administrative, marketing, and support services. Ultimately, ownership decided to close the business due to financial underperformance.
Images are for illustrative purposes only.
Summary
Sector:
Dental Care
Approx. Size:
National, multi-facility DSO
Our role:
Company Advisor — wind down via Assignment for the Benefit of Creditors (ABC)
Key Results:
Engagement completed in four weeks
All active patients made whole through refunds or uninterrupted care transitions
Zero disruption to ongoing patient care
Role
Process Leadership: Directed the comprehensive wind down of operations, coordinating directly with private equity sponsors, the ABC assignee, and legal counsel to execute the strategic plan.
Stakeholder Management: Negotiated directly with individual dental practices to align expectations, preserve relationships, and structure outstanding payments.
Operational Continuity: Successfully mitigated operational risks to ensure zero disruption to ongoing patient care during the transition period.
Approach
Analyzed financial data to develop a strategy for fair and equitable negotiations.
Employed a highly sensitive approach with individual dental practices to guide them through an unprecedented and challenging transition.
Maintained daily communication with key stakeholders to ensure buy-in across all phases of the transaction.
Key Accomplishments
Accelerated Execution: Finalized the engagement in four weeks by successfully transitioning the wind down of residual assets to the ABC assignee.
Stakeholder Resolution: Negotiated a comprehensive agreement ensuring all active patients were made whole through refunds or uninterrupted care transitions.
