Dentalcorp Holdings Ltd. (“Dentalcorp” or the “Company”) (TSX: DNTL), Canada's largest and one of North America's fastest-growing networks of dental practices, is proud to announce its inclusion in the Globe and Mail's 2024 Report on Business Magazine's ranking of Canada's Top Growing Companies. This marks Dentalcorp's second appearance on the prestigious list since its creation in 2019, highlighting the company's consistent high performance.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001240007/en/
Dentalcorp recognized among Canada's Top Growing Companies by the Globe and Mail's Report on Business (Graphic: Business Wire)
Notably, Dentalcorp ranks as the 2nd fastest-growing company among businesses with over $1 billion of revenue, cementing its position as one of the fastest-growing healthcare businesses in the country. This recognition underscores Dentalcorp's exceptional performance and rapid expansion in the healthcare sector.
"We are honoured to not only be recognized among Canada's top growing companies, but also as a leader in the exclusive group of billion-dollar revenue-generating enterprises on this prestigious list," said Graham Rosenberg, CEO of Dentalcorp. "Ranking second among companies with over $1 billion of revenue in 2023 is a testament to the same practice revenue growth we consistently deliver year-over-year, and our robust and repeatable M&A program across a large and fragmented market. I also want to express my profound gratitude to our 10,000 team members from coast to coast for their commitment to placing patients first. Their dedication is the cornerstone of our success, making Dentalcorp not only a great company to work for, but also driving our exceptional and sustainable growth."
Dentalcorp's remarkable growth trajectory is highlighted by its three-year revenue growth of 114% between 2020 and 2023, with revenues now exceeding $1.5 billion in 2024. This outstanding performance showcases Dentalcorp's ability to execute strategic expansion while maintaining robust growth rates at scale. To support its growth, the company recently completed significant investments in its corporate infrastructure, which is driving margin expansion across the business and generating robust cash flows.
"As we look towards 2025 and beyond, we're focused on leveraging our network's strengths and scale to support our expanding team of dental professionals," says Nate Tchaplia, President of Dentalcorp. "Our strategic approach, which includes the ongoing advancement of digital solutions and emerging technologies such as AI, allows us to empower our practitioners to deliver exceptional clinical outcomes and expand access to quality oral healthcare across Canada. By harnessing innovative technologies, we're enhancing patient care and optimizing practice operations, further solidifying our position as a forward-thinking industry leader."
Dentalcorp's network now encompasses over 550 practices across Canada. This extensive reach, combined with the company's continued growth, reinforces Dentalcorp's unique position in the Canadian healthcare landscape.
Methodology: Launched by The Globe and Mail in 2019, the program ranks participating private and public Canadian businesses by three-year revenue growth. Canada's Top Growing Companies is a voluntary program. The Globe and Mail accepted entries from businesses through to May 2024. Full methodology is available at: https://www.theglobeandmail.com/business/rob-magazine/top-growing-companies/article-ranking-canadas-top-growing-companies-of-2024/.
About Dentalcorp
Dentalcorp is Canada’s largest and one of North America’s fastest growing networks of dental practices, committed to advancing the overall well-being of Canadians by delivering the best clinical outcomes and leading experiences. Dentalcorp acquires leading dental practices, uniting its network in a common goal: to be Canada’s most trusted healthcare network. Leveraging its industry-leading technology, know-how and scale, Dentalcorp offers professionals the opportunity to retain their clinical autonomy while unlocking their potential for future growth. To learn more, visit Dentalcorp.ca.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241001240007/en/
