Month: June 2025

Shore Capital-Backed Platform Continues to Expand Across the South and Mid-Atlantic Through New Partnership in Texas

NASHVILLE, Tenn.–(BUSINESS WIRE)–Innovate 32, a growth-oriented dental services organization, is proud to announce its partnership with Fort Bend Dental (“FBD”), a highly regarded provider of dental services in Houston, Texas.

Innovate 32 was formed by Shore Capital Partners, a Chicago-based private equity firm focused on lower-middle market investing. Under the leadership of Chief Executive Officer, Josh Johnson and Innovate 32’s Board of Directors, Innovate 32 has continued to solidify new partnerships with leading dental practices throughout the South and Mid-Atlantic.

Founded in 1987, FBD provides a full suite of general and specialty dentistry services to patients in Southwest Houston. Since its founding, Dr. Dwight Peccora expanded the practice with four additional partners, Dr. Brian Machart, Dr. George Jabbour, Dr. Scott Pinkston, and Dr. Richard Baratta, who have decades of clinical experience providing quality care to their patients and scaling their practice locations to serve the unique needs of the community. “We are excited to join Innovate 32 to build the leading platform in dentistry and share its clear vision for doctor-led and doctor-invested partnerships. We look forward to leveraging Innovate 32’s business expertise and resources to enhance our services and better serve our patients and team,” said Dr. Peccora. Dr. Peccora will also be joining the Innovate 32 Board of Directors and will become the Chairman of the Innovate 32 Doctor Advisory Board.

The new partnership with FBD marks the next steps in Innovate 32’s efforts to partner with growth-oriented dentists, share best practices and deliver superior quality services. Innovate 32 now has a footprint in Texas, Tennessee, and Florida, and seeks to form additional partnerships in those states.

“Partnering with Dr. Peccora, Dr. Machart, Dr. Jabbour, Dr. Pinkston, and Dr. Baratta, and the Fort Bend Dental team expands our support of quality dental services to patients across Texas,” said Josh Johnson, CEO of Innovate 32. “Adding the experience of the doctors and their team to our organization aligns with our mission to be the partner of choice across Texas and beyond.”

The partnership represents an exciting chapter in the journey of both companies, with a shared mission to accelerate growth and lead through clinical excellence and patient satisfaction.

Fort Bend Dental was represented by Nate Thompson, Founder and CEO of Triumphant Transition Partners.

To learn more about partnerships with Innovate 32, please visit www.innovate32services.com, or contact Josh Johnson (jjohnson@innovate32services.com).

About Innovate 32

Innovate 32 is a Nashville-based dental services organization that supports a growing network of premier dental practices, delivering best-in-class patient experiences through unmatched partner support. Innovate 32 provides a firm foundation of essential management resources for its partners, empowering them to remain focused on what matters most – delivering the best patient care possible. Backed by Shore Capital, Innovate 32 is supported by a Board of Directors, with deep experience in dentistry, operations, and private equity. For more information, please visit: www.innovate32services.com

About Shore Capital Partners

Shore Capital, a Chicago-based private equity firm with offices in Nashville, is an investor in lower middle market companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries. Shore’s strategy is to support management partners to grow faster with less risk through access to capital, world-class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. From 2020-2024, Shore received recognition from Inc Magazine as a 5x Top Founder Friendly Investor and by Pitchbook Research for leading U.S. Private Equity deal volume for the past 10 years, from 2015-2024. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant potential to grow through industry consolidation and organic growth to generate value for shareholders. Shore has approximately $12.5 billion of assets under management and in additional investment platforms to which it provides business and operational consulting services. For more information on these awards and investment platforms, please visit: www.shorecp.com.

Contacts

Innovate 32
Tyler Train, Director of Business Development
ttrain@innovate32services.com

Triumphant Partners: A Boutique Approach to Dental and Health Care Brokerage

6.26.202509.9.2025 by EOSTriumphant

Success.com Link

Triumphant Partners is redefining the health care brokerage space with a boutique, client-first approach. Representing sellers in dental, med spa and medical practice transitions, this national firm stands out for its relational—rather than transactional—ethos, all led by Founder and CEO Nate L. Thompson.

With approximately 33.2 million small businesses in the U.S., few match the deep commitment and personal touch offered by Triumphant Partners. In just 22 months, the company has grown into one of the fastest-growing brokerages in the country by placing people over profit and quality over quantity.

Thompson’s path to success is anything but typical. Raised by a single immigrant mother after losing his father at age 2, he was orphaned at 19 when his mother passed away from breast cancer. Thompson worked multiple jobs to put himself through college, often going to extraordinary lengths just to study—washing laundry for the Texas Christian University baseball team at night so he could use the stadium’s internet. Fueled by the memory of his mother’s relentless work ethic and positivity, he earned his spot on the dean’s list.

“My mom never made excuses,” Thompson recalls. “She worked multiple jobs, studied late into the night and always showed up for us. I learned grit, determination and how to keep moving forward.”

These lessons now shape the culture of Triumphant Partners. “It hasn’t been easy,” Thompson admits. “I’ve faced competitors and ex-colleagues who didn’t want to see me succeed, but I keep looking through the windshield, not the rearview. That mindset fuels everything we do.”

Drawing from his background in health care distribution and early work with dental service organizations (DSOs), Thompson created Triumphant Partners to prioritize client relationships above all else. This commitment quickly earned the firm national recognition. “At a recent appreciation event, we sat at the table with firms that have been around for decades—just 10 months in. That was validating.”

Triumphant Partners serves clients across the U.S.—from Beverly Hills to Chicago to Miami—offering white-glove service covering every transaction aspect: valuation, marketing, negotiation and funding. They ensure every client transitions with the right partner, on the right terms and at the right time.

“We’re not a mill,” Thompson says. “We turn down more deals than we take on. That’s how committed we are to doing it right.”

As stated on their website: “We redefine the approach to med spa, medical practice and dental practice transitions. We pride ourselves on long-term relationships—not transactions.”

This commitment extends beyond clients to the internal team. “We’re a family,” Thompson explains. “I have a 5- and 3-year-old at home, and I still make time for my team. I always say, ‘Let me know what support you need, and I’ve got you.’ We all take out the trash—no task is beneath anyone here.”

The firm’s client stories bring its mission to life. One rural Texas dentist cried on the phone after Triumphant Partners doubled the sale price of his practice. “Even if I only change one life, that’s enough. My wife knows I take risks because I believe in what we’re doing. Our job is to position clients for the legacy and lifestyle they’ve earned.”

Looking forward, Thompson’s vision is clear: “I want to be known as the advisory firm you can trust. We’re in partnership with our clients. I treat every decision as if it were my own practice. We only represent our clients—no one else.”

Triumphant Partners is a refreshing presence in health care brokerage, grounded in empathy, trust and integrity. For those seeking more than just a deal—for those seeking transformation—this firm is a true standout.

To learn more about how Triumphant Partners treats each practice as if it were their own, visit their website today.

What Is a Typical Dental Practice Worth?

6.26.202509.9.2025 by EOSTriumphant

Selling something without knowing its true worth will always present a problem. Imagine trying to sell a car without knowing the mileage, its overall condition, or if it had suffered any accidents – it’d be near impossible.

Now, take that basic premise and scale it up to encompass something as complicated and technical as a business. The problem becomes that much larger!

Without knowing the value of the business you’re looking to sell, you run the risk of either aiming too high, which can lead to difficulties selling, or setting your asking price too low, which can leave tens of thousands or even hundreds of thousands of dollars on the table.

If you’re looking to sell a business, let alone one as complicated and intricate as a dental office, you need to know its value. If you don’t, it’ll be difficult to determine an accurate price range for your dental pracitce.

Keep in mind – you should always have a custom dental practice valuation completed to determine your unique worth. But it can still be helpful to know the average to gain a better understanding of the range you can expect to see. Read on to learn more about some of the most common factors that impact the overall value of a dental practice.

Factors That Impact Valuation

No two dental practices are the same – a myriad of unique factors can impact the average asking price of a dental practice. The average revenue of a dental practice is $750,000, but several variables should be considered.

Size

Overall collections and patient base size are not necessarily the end-all be-all of dental practice valuation. However, a larger practice, both in terms of patient base and revenue, is much likelier to command a higher asking price. This also applies to a practice with multiple locations.

Geographic Location

Much like any sort of real estate or business, a geographic market can massively impact your dental practice. If you own a semi-rural dental practice in North Carolina, you shouldn’t compare your practice’s value to urban practices in expensive markets like New York City or Los Angeles. It’s critical that you compare yourself to those within your state, but your specific market is often a better measuring stick.

Patient Base Demographics

The specifics of your patient base can also impact your practice’s valuation. A practice with a well-engaged upper-middle-class patient base, who routinely returns to the office and is interested in niche and profitable treatments, will likely be more valuable than one with a lower-middle-class patient base and more routine treatment needs.

Value of Equipment

Dental equipment can fetch a premium. A niche dental practice with highly specialized and cutting-edge technology will be much more valuable than one with more standard accouterments. This sort of specific asset-based valuation can skew your dental practice’s value, so never only look at a top-line number like collections or revenue when trying to evaluate your dental practice’s worth. You truly do need a comprehensive valuation from a dental industry expert to accurately capture the value of this type of equipment. Rules of thumb and free online value calculators just won’t be able to compare to a tailored review by an expert.

Financial Health

Not all dental practices of comparable size and patient bases are worth the same. The overall financial health of comparable practices is quite pertinent, as two practices may look similar on paper but have unique financial issues to consider. One practice may have more debt. Another might have a higher profit margin. We always recommend getting an assessment of your practice’s EBITDA, or Earnings Before Interest, Taxes, Depreciation, & Amortization. This is the gold standard for comparing two dental practices, as this assessment helps potential buyers focus on the core profitability of the practice, rather than just top-line revenue or collections.

There are numerous other factors to consider when assigning a value to a dental practice, but EBITDA is a cornerstone metric to bear in mind. Your potential buyers will be reviewing a plethora of other practices; your EBITDA helps them compare your practice against all others and make informed decisions.

The Benefits of a Free Consultation

Understand the average value of a dental practice is a good number to know, but without a custom consultation, you don’t know where your practice sits in regard to that average. That’s why you should call Triumphant today for your courtesy consultation! Our dental finance professionals are always available to assist you. Call now for your free consultation!

A Guide To Aesthetic Spa Valuations

6.12.202520.20.2025 by EOSTriumphant

If you’re thinking about selling your med spa, few items are as important as determining what your practice is worth. Without a clear understanding of this number, you cannot begin the sales process effectively.

However, as with any business valuation, determining a fair price for your med spa isn’t as simple as using a free calculator or a simple rule of thumb. There are numerous factors that influence the value of an aesthetic spa or med spa. You will need to consider all of them to get a clear understanding of what you can ask for when selling your practice.

Triumphant Partners shares a few factors that impact the value of your aesthetic spa and how to factor them into your sale process.

Why Do You Need a Valuation?

A valuation provides the organization contemplating the purchase of your practice with a view into the current state of the spa. Much like how you wouldn’t buy a car without an inspection and test drive, serious buyers won’t contemplate purchasing a med spa or another medical practice without a valuation. You might think of your spa in terms of future dollars and earnings, but the individual buying the spa is probably just as interested in current operations and processes. A valuation helps give them some peace of mind in this regard.

But a good aesthetic spa practice valuation isn’t just for the buyer. It also offers you considerable advantages as the seller. You can now enter any conversation about the sale of your practice with data to validate your asking price. This data also reduces the likelihood of you accepting lowball offers, which can consume precious time and energy, and helps you negotiate the best possible terms in any sale. The buyer might be very interested in a med spa valuation, but you should also be excited to value your practice as the seller.

Profitability

The financial underpinnings of the med spa in question will be the primary focus of this valuation. You might think of this in terms of collections and patients seen, but the evaluator will likely focus on the following gauges of long-term profitability:

Revenue
Tax Documents & Implications
EBITDA
Year Over Year Growth

Mere top-line numbers often don’t suffice when trying to determine the value of a med spa. A spa with a large amount of debt but a significant patient base may have more collections than a spa with a smaller patient base.

However, by shifting the focus from collections and patients seen to prioritize the profitability of the practice in question, the assessor can provide a more accurate picture of the spa’s financial workings. This focus on profitability helps the buyer compare different spas in various contexts and determine which is the best option for purchase after all extraneous factors are taken into account.

It’s also important to note that the above factors aren’t merely a simple review. Each spa is unique, and while the process will look somewhat similar from one to the next, it’s imperative that a financial expert with practice valuation experience is involved in the process. A spa with lower profitability that owns a large amount of real estate and medical equipment might be worth more than a spa with fewer resources, but slightly greater profitability.

One spa’s tax situation could be vastly different than another’s. There are numerous factors that collectively impact the value of your med spa. If you don’t entrust the valuation to a seasoned industry expert, you’re likely to under- or overvalue the worth of your practice, which can have dramatic impacts on your ability to sell the practice on your terms and timetable.

Location

Another reason to forgo simple online calculators is the very real impact location can have on this process. We’ve already briefly touched on tax implications, which will certainly vary from state to state. However, the trends within your specific market will also have a significant impact on your spa’s worth.

Additionally, the specific community within a market can impact value. A spa in a high-income suburb will likely be worth more than a spa in a lower-income neighborhood, even if the two look somewhat similar at first glance. An online calculator cannot include every single element that your assessor will need to consider, and this becomes particularly apparent with location.

Specialization & Patient Base

Not all med spas are the same. Many will have overlapping service areas and products, but specialization is another key consideration. A med spa that is on the cutting edge for a highly profitable procedure within the country, one that commands a high asking price, will likely be valued higher than a med spa without a similar specialization, even if the two are virtually identical in financial fundamentals. We also noted that patients seen might not be the end-all be-all of valuing a practice earlier. While this is still true, an assessor might be interested in how many patients you see if you have a high patient retention rate. This typically indicates a stable spa that could potentially be more profitable in the long run than one with significant variations in patient retention from month to month.

Contact Triumphant Partners

Are you looking to determine the value of your med spa? Call Triumphant Partners today! We proudly feature a team of financial CPAs with expertise in the medical industry, which means we can help you understand the true value of your spa, despite the complexity and nuances of your situation.

There’s no rule of thumb or “guesstimates” here. Our team of experts helps you know the fair asking price of your spa, as well as what you need to do to increase that asking price.

Call Triumphant Partners today!