Healthcare independent sponsor

DuneGlass Capital

At a glance

Deal typesPlatform, Add-on S1
SectorsHealthcare Services, Dental

What DuneGlass Capital buys

DuneGlass Capital is a healthcare independent sponsor, founded in 2018, that builds management services organizations owned and governed by the practice owners who join them. Most private equity roll-ups buy a majority of each practice. DuneGlass instead sets up a platform that practices merge into: owners skip the early payout, take a stake in the whole group, and plan to sell it together later to a buyer the members pick. Managing partner Dan Hosler previously co-led healthcare investing at Sterling Partners.

Its two named platforms are Allied OMS in oral and maxillofacial surgery, which supports surgeons at more than 50 locations, and Aviva Aesthetics in medical spas, launched in July 2024 with a Maryland med spa. The Aviva launch release says DuneGlass has also used the model in orthodontic and pediatric dentistry and in vascular and bariatric surgery. It does not publish size criteria. A practice meets DuneGlass by joining one of its platforms, and Aviva announced its 11th new partnership of 2026 in September.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Sep 2026Muse Med SpaAustin med spa joined Aviva Aesthetics after its founder came close to a traditional private equity sale and decided against itAdd-onHealthcare ServicesSource
Sep 2026Perfect Skin CenterPhysician-led practice with two Phoenix-area locations joined Aviva AestheticsAdd-onHealthcare ServicesSource
Aug 2026Urban MedicalInjector Jordan White's practice joined Aviva Aesthetics, adding Arizona and VirginiaAdd-onHealthcare ServicesSource
Aug 2026Senara Med SpaCentral Illinois aesthetics and wellness practice founded in 2002 joined Aviva Aesthetics; its founders keep full ownershipAdd-onHealthcare ServicesSource
Jul 2026Vitality HealthNortheast Ohio practice joined Aviva Aesthetics, its eighth partnership of 2026Add-onHealthcare ServicesSource
May 2026Aesthetic Artistry Laser CenterMid-Atlantic aesthetics practice joined Aviva AestheticsAdd-onHealthcare ServicesSource
Mar 2026Chrome AestheticsAviva Aesthetics' first New Mexico med spaAdd-onHealthcare ServicesSource
Feb 2026Youthtopia Med SpaAlpharetta, Georgia med spa founded in 2007 joined Aviva AestheticsAdd-onHealthcare ServicesSource
Jan 2026Aura AestheticsPortland, Oregon med spa joined Aviva AestheticsAdd-onHealthcare ServicesSource
Jan 2026Luminate ClinicTulsa aesthetics and functional wellness clinic joined Aviva AestheticsAdd-onHealthcare ServicesSource
Dec 2025Oral & Maxillofacial Surgery of Central New JerseyPractice founded in 1972 joined Allied OMS, its first New Jersey partnerAdd-onDentalSource
Sep 2025Illume AestheticsAshland, Oregon med spa joined Aviva AestheticsAdd-onHealthcare ServicesSource
Sep 2025Heart of Texas Oral SurgeryLakeway and Bastrop oral surgery practice joined Allied OMSAdd-onDentalSource
Aug 2025Oral Surgery MichianaTwo-center practice in South Bend and Elkhart, Indiana joined Allied OMSAdd-onDentalSource
Aug 2025Kerrville Oral & Maxillofacial SurgeryTexas Hill Country practice joined Allied OMSAdd-onDentalSource
Jul 2025PURE Regenerative MedicineWest Lafayette, Indiana practice joined Aviva Aesthetics, and its physician owners became Aviva co-foundersAdd-onHealthcare ServicesSource
Jun 2025Allied OMSSignificant minority investment from 65 Equity Partners, with Everberg Capital co-investing; the platform's first institutional capitalInvestmentDentalSource
Apr 2025TorriMed, Bixby Knolls and VistaMed oral surgery practicesThree Southern California practices joined Allied OMS, taking it to 14 California locationsAdd-onDentalSource
Apr 2025iAesthetic MedspaErie, Pennsylvania med spa joined Aviva AestheticsAdd-onHealthcare ServicesSource
Jan 2025Renew MedSpaEagan, Minnesota med spa joined Aviva Aesthetics while its owner kept ownershipAdd-onHealthcare ServicesSource
Jan 2025Parkway Oral Surgery & Dental Implant CenterHouston practice joined Allied OMSAdd-onDentalSource

Portfolio by sector

From the firm's portfolio page S2.

Medical aesthetics

  • Aviva Aesthetics

Oral and maxillofacial surgery

  • Allied OMS

Greymont’s take

How DuneGlass Capital fits a seller

DuneGlass suits a practice owner who is not ready to cash out but wants the buying power, back-office help and eventual exit value of a larger group. The trade-off is plain. You keep your brand and clinical control, and at Aviva you keep full ownership of your practice, but you give up the large upfront check a traditional private equity sale pays. Aviva says conventional platforms usually buy 50 to 70 percent of a practice's value at closing. With DuneGlass, the payoff comes later, when the group is sold.

Owners should ask how and when the platform expects to sell, how their share of the group is worked out, what the management company charges, and how outside investors, such as 65 Equity Partners at Allied OMS since 2025, share in the eventual proceeds.

Questions owners ask

Does DuneGlass Capital buy my practice?

Not in the usual sense. Its Aviva platform says joining is not a sale: owners merge into the platform, keep their brand and clinical control, and become shareholders in the group instead of taking an early payout. Several 2026 Aviva partners say they kept full ownership of their practices.

Which specialties does DuneGlass work in?

Its named platforms are Allied OMS in oral and maxillofacial surgery and Aviva Aesthetics in medical spas. The 2024 Aviva launch release says DuneGlass has also used the same ownership model in orthodontic and pediatric dentistry and in vascular and bariatric surgery.

How active are DuneGlass's platforms?

Very. Aviva Aesthetics announced its 11th new med spa partnership of 2026 in September, and Allied OMS added practices in California, Texas, Indiana and New Jersey during 2025, the same year it took a minority investment from 65 Equity Partners.

Sources

  1. S1DuneGlass Capital Announces the Launch of Aviva Aesthetics (July 17, 2024) Accessed October 20, 2026
  2. S2Aviva Aesthetics: Who We Are (DuneGlass team and sister company Allied OMS) Accessed October 20, 2026
  3. S3Aviva Aesthetics: Our Difference Accessed October 20, 2026
  4. S4Aviva Aesthetics: News Accessed October 20, 2026
  5. S5Aviva Aesthetics Expands Texas Presence Through Partnership with Muse Med Spa (September 16, 2026) Accessed October 20, 2026
  6. S6Allied OMS home page Accessed October 20, 2026
  7. S7Allied OMS Announces Strategic Growth Investment from 65 Equity Partners (June 16, 2025) Accessed October 20, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with DuneGlass Capital. Figures are as reported on the dates shown and may have changed. Request a correction

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