A New Chapter and Stronger than Ever

Reaching More Families in Need of Dental Healthcare

ANNOUNCED IN LATE DECEMBER the consummation of our transaction with new equity sponsors, the conclusion of a long process started early last year. This transaction and the opportunity to move forward with our existing sponsor Harvest Partners, who has reinvested in the company, and a new partner in Mubadala. Their combined support now presents the company the exciting prospect of continuing the storied history of DCA with a new partner.

Many have asked about our new partner Mubadala, who they are and what they represent. In summary, they are an Abu Dhabi based investor, that manages a significant global portfolio spanning six continents with interests in multiple sectors and assets. Mubalada has a history of leveraging its deep expertise and long-standing partnerships to support sustainable growth and opportunity. They are committed to leaving a positive and lasting impact on the communities and businesses they support. This commitment and track record makes them an outstanding partner for DCA, supporting our values and our mission.

As times of change bring a level of uncertainty, I remain convinced that this new chapter in the 32-year history of the company will be the best yet. The combination of our new partner with the continued support of Harvest Partners, our management team, our dedicated Support Center staff, and our outstanding team of dentists, hygienists, and dental professions, I am confident we will accelerate our growth and support our vision affording greater opportunity for our entire team.

With our new sponsors, our objectives are a passionate focus on the company’s long-standing vital few objectives: Superlative support of our practices and dental professionals, reaching more families in need of quality dental care, expanding our footprint, improving communication at all levels within the organization. These vital few, which have served us well over the past several years, are not only relevant today, but they are also more important than ever, and will be our foundation for this new chapter at DCA. Coupled with the support of our sponsors, we have the capability to become the

Jerry Rhodes Chief Executive Officer Ally Since 2017

leading dental service organization in the nation. We have demonstrated this over the past years, as the company has grown to nearly 400 practices in 22 states, with a unique mix of specialty and general dentistry. This growth over the past five years has been unprecedented and generated significant confidence in our ability to enhance our new allied practices, to create value and make things. Looking back over the past five and half years, I am extremely gratified by the many successes and growth of the company.

As we enter 2023, we continue to face the broad challenges of 2022. We have seen changes in our workforce and the impact of increased competition for labor at all levels. Dentistry is a profession that historically has performed in accord with the economy. We have seen the pervasive impact of inflation and increased interest rates. Despite the prognostication of recession and inflationary forces on our patients, what we have not seen is an appreciable erosion of demand. Our challenges in 2022 derive from the inability of patients to access our care—which is consistent demand generated at levels we are privileged to enjoy.

A substantial portion of our efforts in 2023 will be devoted to expanding and improving this access to our hard-won demand. This ties back to the vital few of reaching more families in need of dental healthcare. This will be the central focus of our efforts in 2023.

Despite what may happen to the broader dental field, we have a unique opportunity to advantage our scale and capabilities to this end.

I want to thank all of you for your support and your efforts in 2022, while we experienced massive COVID outbreaks, blizzards, hurricanes, and other unexpected crises. Your ability to meet these challenges is extraordinary and I thank all of you for the continued dedication to the company.

I sincerely look forward to 2023.