HQRC Management Services
Webster Capital (Webster) has made an investment in HQRC Management Services (HQRC). HQRC provides pediatric dental care throughout offices in New York and New Jersey. The Company is a leader in pediatric dentistry within this market. Provident Healthcare Partners served as exclusive financial advisor to HQRC. The terms of the transaction were not disclosed.
“HQRC is a true leader in its industry, and through this partnership with Webster, they will have the additional capital needed to continue to expand throughout New York, New Jersey, and other contiguous states,” noted Dustin Thompson, Senior Associate at Provident Healthcare Partners.
“Dr. Jacobson has built his Company around providing the highest quality of care to an underserved population, and we couldn’t be more excited about this partnership with Webster Capital which will help facilitate continued growth while never losing sight of their standards for excellence,” stated Greg Wappett, Director at Provident Healthcare Partners.
About HQCR
HQCR has convenient offices located in Bronx, Flushing, Albany, Suffern, Kingston, Plattsburgh, and Teaneck, New Jersey. The Company focuses on making dental appointments a positive and fun experience. This includes everything from flat screen TVs with children’s programming to performing magic tricks and providing toys as a reward. For more information, please visit www.hqrcms.com.
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.
About Provident Healthcare Partners
Provident is the leading investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation for middle-market and emerging growth healthcare companies. The firm has a vast network of high-level, senior industry contacts, a thorough knowledge of market sectors and specialties, and unsurpassed experience and insight into the M&A process. Provident uncovers value and opportunities that others often overlook to create transaction premiums for its clients. For more information visit the Provident website www.providenthp.com.
Contact:
Provident Healthcare Partners
Gina Casiello
617-742-9800