HighFive Healthcare—a specialty dental partnership organization located in Homewood—announced yesterday that they have closed a $100 million growth investment. The investment will enable HighFive to continue its growth in the southeast and beyond.
Keep reading to learn more.
About HighFive Healthcare
Located in Homewood near Brookwood Baptist, HighFive Healthcare is an elite group of oral surgeons and endodontists that collaborate to ensure each patient has an exceptional experience. The company was founded in 2018 and is majority doctor owned.
In 2022, HighFive experienced a spurt of rapid growth—doubling its practice size through acquisition of partnering practices and organic growth. In fact, HighFive’s annual revenue increased by 150% from 2021 to 2022. With this momentum carrying on through 2023, the strategic investment will enable HighFive to continue its growth.
“I am grateful for our doctor partners and the HighFive homebase team. Together we’ve led rapid innovation in the specialty dental space. Our partnership with Norwest will only strengthen our ability to support industry-leading specialists in providing the highest quality patient care. Norwest shares our collective belief that high-quality patient care starts with supporting the best doctor partners and teams across the country, and has an established track record of building leading brands and businesses.”Chad Trull, CEO and Founder, HighFive Healthcare
A $100M investment
According to a release from PR Newswire, the $100M growth investment was led by Norwest, a leading venture capital and growth equity investment firm. As part of the investment, Norwest General Partner Dr. Ryan A. Harris and dental services industry veteran David Willens will join HighFive’s board of directors.
“We’re excited to partner with HighFive in building a best-in-class specialty dental platform. In getting to know HighFive’s clinicians and corporate team, we’ve found a laser focus on outstanding patient care. Together we are dedicated to developing partnerships with the country’s most talented, driven specialty dentists while maintaining HighFive’s patient-centered culture.”Dr. Ryan Harris, General Partner at Norwest
Several others joined the investment round, including HighFive doctors and management, Krowten Capital, LLC and Jemison Investment Co., Inc.
“The transparency and culture of HighFive are unmatched. We are doing this totally differently. It is incredible to have the opportunity to own and manage a business of this scale, keep clinical autonomy, and watch the financial successes of all of my partners and peers.”Dr. David Roden DMD, MD.,HighFive partner
Excited to see what’s next for HighFive Healthcare? Tag us @bhamnow to let us know!