U.S. Oral Surgery Management (USOSM), the first and largest physician practice management (PPM) company in the oral and maxillofacial surgery specialty, announced today that it has closed on a new $150 million credit expansion. USOSM officials say the company continues to grow, with more than $100 million of acquired revenue anticipated for 2023, and that the funding will enable similar growth well into 2025.
“We have expanded our credit facility with our existing lenders. This additional capital will fund our continued growth through 2024 and beyond,” said USOSM President and CEO Richard Hall. “The credit markets continue to be more limited for PPM businesses, and not all credit is equal. Only companies with well-established track records and exceptional performance will successfully obtain access to growth capital at reasonable terms. We’re extremely proud that USOSM’s performance provided our lenders with the confidence to expand their commitment. This additional dry powder and our track record of timely closings with the top oral surgeons in the industry will give future partners confidence in our certainty to close.”
USOSM Chief Financial Officer Henry Moomaw added, “USOSM and our equity backer, Oak Hill Capital (OHC), worked closely with our existing lenders in pursuit of this significant credit expansion, despite capital market challenges that many of our competitors have encountered. We are grateful for the support of our current lenders, and we understand this exemplifies the level of confidence our lenders have in USOSM.”
Founded in Irving in November 2017, USOSM is a specialty management services company that exclusively serves premier, board certified oral and maxillofacial surgeons. The first company of its kind, USOSM continues to lead the industry today with more than 180 oral and maxillofacial surgery practice locations across 26 states. In addition, USOSM partner practices consistently achieve a Net Promoter Score (NPS) ™ of 80 or above, a feat that’s recognized as “world-class” by one of the ranking system’s founders: Bain & Company.
“We’re excited to continue to be recognized as the leader in the industry. Our success is driven by our laser focus on oral and maxillofacial surgery and on our surgeon partners in support of their service to their patients. We continue to grow and thrive despite increased competition, challenging capital markets, and high interest rates,” noted Hall.
