PE or Not?
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Is Smile Doctors Watauga – Denton in Watauga private equity backed?

PE-backed

Smile Doctors Watauga – Denton is affiliated with Smile Doctors, a PE-backed dental group (backed by Linden Capital Partners; Thomas H. Lee Partners).

In dentistry a PE-backed company usually manages the practice through a management services organization, and a dentist remains the practice’s legal owner.

Details

Practice
Smile Doctors Watauga – Denton
Address
8436 Denton Hwy, Watauga, TX 76148
Phone
(817) 605-1900
Owner group
Smile Doctors
Label
PE-backed (Linden Capital Partners; Thomas H. Lee Partners)
Backers
Linden Capital Partners; Thomas H. Lee Partners (THL) (since 2017)
PE stake
PE investors (several firms) hold a majority stake in the group.
How the group holds practices
Partnership: the group buys a share and the dentist keeps a stake. What the dentist keeps: significant ownership stake for affiliated orthodontists (practice vs holdco not stated).
Confidence
Medium. The practice’s NPI record names the group, is signed by the same official as two or more of the group’s confirmed practices, or the group’s own job board names it. About confidence

Evidence

Checked 2026-10-31. A label describes who owns or backs the practice, not the quality of its care.

Is this wrong? Report a correction. If you own this practice, you can also send us your ownership details.

More dental practices in Watauga · All known Smile Doctors locations