Corus Orthodontists Secures C$250 Million Credit Facility to Accelerate Strategic Growth and Strengthen Doctor-Led Partnership Model Across North America
Corus Orthodontists, a premier and rapidly expanding orthodontic partnership network in North America, has announced a significant enhancement to its financial infrastructure with the successful extension and expansion of its secured syndicated credit facility. The move—bolstered by strong support from a consortium of leading Canadian and U.S. financial institutions—positions Corus to aggressively pursue both organic development and strategic acquisitions while reinforcing its reputation as a financially disciplined and doctor-centric organization in the dental services sector.
The newly restructured credit facility increases Corus’ total committed capital from C$175 million to C$250 million, with an uncommitted accordion feature that provides flexibility to expand the facility further to C$325 million as growth opportunities arise. In addition to the capital increase, the maturity date of the facility has been extended by 3.5 years, now running through December 2028, up from its original expiration in December 2025. This extended runway offers Corus enhanced strategic optionality and financial stability in an evolving economic environment marked by interest rate volatility and market uncertainty.
The transaction was led by Canadian Imperial Bank of Commerce (CIBC), which served as Sole Lead Arranger and Administrative Agent, underscoring CIBC’s deep confidence in Corus’ business model and long-term trajectory. Scotiabank and ATB Financial acted as Co-Documentation Agents, reflecting broad institutional backing from major Canadian lenders with strong healthcare and specialty finance expertise.
Notably, Corus continues to maintain one of the lowest debt profiles among dental service organizations (DSOs) in North America—a strategic advantage that speaks to its conservative financial management and focus on sustainable, high-quality growth. Further reinforcing its prudent risk management approach, the company has substantially hedged the floating-rate components of its interest rate exposure at or below current market rates for the full term of the facility. This proactive hedging strategy insulates Corus from potential interest rate hikes and ensures predictable financing costs, thereby protecting margins and preserving capital for value-creating initiatives.
A Strategic Enabler for Growth
The expanded credit facility is not merely a balance sheet upgrade—it is a deliberate enabler of Corus’ dual-track growth strategy: organic expansion through practice optimization and inorganic growth via strategic acquisitions. With the new facility and existing cash reserves, Corus now has access to more than C$100 million in immediately deployable capital dedicated to acquisitions, according to CEO Dean Prevost.
“This expansion, combined with our strong cash position, gives us significant firepower to continue building the leading orthodontic network in North America,” said Prevost. “We’re excited to welcome new Doctor-Partners into the Corus community—clinicians who bring not only clinical excellence and patient-centered care but also entrepreneurial energy and a shared vision for shaping the future of our specialty.”
Corus’ unique model centers on partnering with independent orthodontists who wish to retain clinical autonomy while gaining access to centralized support in areas such as marketing, human resources, revenue cycle management, compliance, and technology. Unlike traditional DSOs that may impose top-down operational mandates, Corus emphasizes a collaborative, doctor-led governance structure, allowing practitioners to focus on patient care while benefiting from economies of scale and professional practice management.
This approach has resonated strongly with orthodontists seeking an alternative to solo practice burdens or corporate consolidation that compromises clinical independence. As a result, Corus has experienced rapid, high-quality growth across key markets in Canada and the United States, building a network known for clinical excellence, operational efficiency, and cultural alignment.
Financial Discipline as a Core Pillar
Peter Bishop, Chief Financial Officer of Corus Orthodontists, emphasized that the credit facility extension reflects the company’s unwavering commitment to financial prudence and long-term value creation. “This extension and expansion underscores our focus on both organic and inorganic profitability and maintaining a strong balance sheet,” Bishop stated. “We appreciate the ongoing support from our lending partners, who recognize the strength of our model, our conservative leverage, and our track record of disciplined execution.”
Indeed, Corus’ low leverage ratio and robust cash flow generation stand in contrast to some peers in the broader dental and specialty healthcare space, where aggressive debt-fueled roll-ups have sometimes led to operational strain or financial distress. By prioritizing sustainable unit economics and selective, culturally aligned partnerships, Corus has built a resilient platform that attracts both top-tier clinicians and institutional capital.
The company’s hedging strategy further exemplifies this discipline. By locking in favorable interest rates well in advance of potential monetary policy shifts, Corus mitigates refinancing risk and ensures that its cost of capital remains aligned with its growth objectives—regardless of macroeconomic fluctuations.
A Vision for the Future of Orthodontics
Looking ahead, Corus is poised to deepen its footprint across North America, targeting both underserved geographies and high-growth urban centers. The company’s acquisition criteria remain stringent: it seeks practices with strong clinical reputations, loyal patient bases, and founding doctors who are passionate about mentoring, innovation, and community impact.
“We’re not just acquiring practices—we’re building a movement,” said Prevost. “Our Doctor-Partners are co-owners and co-creators of the Corus vision. They help define our standards, shape our culture, and drive our clinical innovation. That’s what makes our model truly unique.”
With a solid financial foundation, a clear strategic roadmap, and a differentiated partnership ethos, Corus Orthodontists is well-positioned to lead the next chapter of orthodontic care in North America—one defined by clinical excellence, entrepreneurial spirit, and sustainable growth.
The expanded C$250 million credit facility is more than a financial instrument; it is a vote of confidence from the capital markets and a powerful catalyst for Corus’ mission to elevate the standard of orthodontic care while empowering the doctors who deliver it. As the company enters its next phase of expansion, it does so with strength, clarity, and a commitment to values that place both patients and practitioners at the heart of everything it does.
