Birner Dental closes $5 mln private placement

Birner Dental Management Services Inc, which acquires and manages manages dental practice networks in Colorado, New Mexico, and Arizona, has raised $5 million in a private placement from Palm Investors. Also, a portion of the transaction's proceeds were used to recapitalize its existing debt, which include paying back about $1.5 million of a loan from Guaranty Bank and Trust Company. In conjunction with the private placement, Birner has named Palm Investors' Joshua S. Horowitz and Bradley Tirpak to its board of directors.

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