The Buyers’s Perspective in a DSO Transaction
Thursday, July 11, 2019
5:00 p.m. -5:30 p.m.
Patrick Costello is the Vice President of Mergers and Acquisitions for Smile Brands Inc and OneSmile LLC. Patrick brings 12+ years of experience in mergers, acquisitions and capital raising within the health care services industry.
In March 2016, Patrick joined with Steve Bilt (CEO, Smile Brands) and Brad Schmidt (CFO, Smile Brands) to lead acquisitions for their newly formed DSO venture, OneSmile LLC. Later that year, OneSmile LLC successfully acquired Smile Brands Inc. and Patrick continued on to lead acquisitions for the combined Company. Prior to Smile Brands, he was a consultant for the Private Equity Value Creation group at Ernst & Young and before that was one of four founding executives of Prospira PainCare, a PE-backed multi-specialty pain management company, where he led the acquisitions of four regional platforms and multiple follow-on acquisitions generating net revenues of over $55 million.
Before leaving to help found Prospira PainCare, Patrick was a Senior Associate at Gryphon Investors, a San Francisco based private equity group with over $1 billion of committed equity capital, where he was responsible for executing and monitoring investments in the healthcare services industry, focusing on sectors such as physical therapy, dental services, addictions treatment, clinical research and healthcare information technology. Before joining Gryphon Investors, Patrick was an analyst in the Healthcare Group of Piper Jaffray.
Patrick received his Bachelor of Arts in Economics and Computer Science from Bowdoin College in Brunswick Maine. Outside of his professional life, he enjoys skiing, running, golfing and is a die-hard fan of the Patriots and Red Sox. Originally from the Boston area, Patrick now resides in Orange County, CA with his wife and two children.
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