BOSTON, March 11, 2025 – Riverside Partners, a Boston based private equity firm, announced today that its portfolio company, Net32, Inc. (“Net32” or the “Company”), has appointed Andreas Frank as Chief Executive Officer. Net32 is the leading online dental marketplace, empowering clinicians to run a healthy practice by making supplies and equipment purchasing more convenient, transparent, and affordable.
Mr. Frank brings more than 20 years of dental and medical industry experience with a track record of growth and value creation. He joins Net32 after serving as Executive Vice President and Chief Business Officer at Dentsply Sirona. He led product life cycle management from idea to execution across all dental and medical technology business units. His responsibilities included strategy, product management, marketing, and R&D. Previously, he spent 10 years at Hillrom, including as Senior Vice President and President Front Line Care prior to Baxter’s acquisition of Hillrom. Before that, he held leadership roles at Danaher in business and corporate development, where he was instrumental in building out the dental platform and led investments across Danaher’s portfolio. He began his career at McKinsey & Company.
Within the last six months, Net32 has made several key additions to the leadership team. The Company hired tenured marketplace executive Susan Cahill as Chief Operating Officer. Ms. Cahill previously held leadership roles at American Financing, Bankrate, and Orbitz. Net32 also hired Dr. Pamela Ray as Chief Clinical Officer. Dr. Ray is a Board Certified Periodontist, practicing in San Antonio, TX. Dr. Ray is a nationally respected lecturer and educator. She has been involved with product innovation for over 10 years.
“We are thrilled to welcome Andreas, Susan, and Dr. Ray to Net32,” said David Belluck, General Partner at Riverside Partners. “We believe these hires will help transform the Company as it enters the next phase of expansion. Andreas brings a proven leadership track record and relevant dental experience. In combination with Susan’s deep knowledge in running marketplaces and Dr. Ray’s clinical expertise, this team will be a tremendous asset to Net32. The Company operates at the intersection of Riverside’s healthcare and technology sector focus, and we look forward to continuing to support Net32 as a leading partner to dental practices, DSOs, dealers, and OEMs.”
“I am excited to join Net32 and bring even more value to our partners and customers,” said Mr. Frank. “Over the past 25 years, this organization has already made significant strides in bringing transparency to buyers and simplifying the purchasing process for thousands of dental practices. I look forward to elevating our customer experience together with the talented team at Net32, enabling clinicians to run a healthy practice, and supporting our dealer network as well as OEM partners.”
We are thrilled to welcome Andreas, Susan, and Dr. Ray to Net32. We believe these hires will help transform the Company as it enters the next phase of expansion. David Belluck General Partner
About Net32
Founded in 1997 and based in Cary, NC, Net32 is the leading eCommerce marketplace for purchasing dental equipment and supplies. The Company leverages proprietary technology to aggregate vendor catalogs into an online database that enables dental professionals and purchasing managers to easily and transparently compare pricing and quality across more than one hundred thousand product listings. For more information, visit www.net32.com.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm with total capital commitments of $1.6 billion raised since inception. The firm focuses on growth-oriented companies in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners, and management teams and brings substantial domain expertise and operating experience to its portfolio companies. For more information, visit www.riversidepartners.com.
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