Q1-2023 Dental Update
Q1-2023 Dental Update
Provident’s DSO industry team attended the ADSO conference in March to discuss sector with investors, dentists, and operators. We found that transaction volume in the rebounded in Q1-2023 as macro market volatility slowed and investors focused on high-quality partnerships. Volume was strong in both large DSO and small practice partnerships.
Private equity investors completed three new platform transactions in Q1, with Dentive, Bluetree, and Mosaic all receiving equity investments. These transactions highlight the increased confidence of investors in the overall market, resilience of healthcare provider businesses in a difficult macro environment, and the increasing availability of debt capital compared to Q4-2022. In addition to these large transactions, strategic partnerships between DSOs and small practices remained highly-active, further supporting the consolidation thesis driving investor interest in established DSOs.
To print and download the full Dental Update report, please click below…
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