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DSO Deal Roundup – October 2024

dental mergers

Posted By: GroupDentistryNow November 1, 2024

 

Have dental mergers and acquisitions stalled again or are they ramping up? Will M&A activity ever return to the high levels we saw a few years ago? Various factors—including economic conditions, inflation, and the fast-approaching U.S. election—will undoubtedly influence the pace. We’ll be closely tracking these trends and will keep you updated as the landscape evolves.

Group Dentistry Now (GDN) is the only resource providing a complete list of monthly DSO deals in one convenient place, keeping you informed on the ever-shifting dental landscape.

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Here is GDN’s exclusive list of DSO and emerging group M&A for October:

Tusk Practice Sales advised:

PDS Health added ten new dental practices in October. The integrated healthcare support organization has added a total of 45 practices in 2024, demonstrating steady growth and continuing expansion. PDS Health now supports more than 1,000 offices in 24 states.

Following the announcement of their 100th location milestone, GPS Dental is rapidly expanding, with the addition of the following new locations:

MB2 Dental introduced four new practices and welcomed five new doctor partners across four different states in the month of October, bringing their 2024 total practice count to 90:

Heartland Dental affiliated with 4 new supported practices in Florida and Washington and collaborated to open 9 state-of-the-art de novo locations in 6 states (Kentucky, Virginia, Florida, Illinois, Colorado, and Missouri).

Seva Dental Team welcomed Dr. Thomas J. Burdo, DDS of Grand Rapids, MI. The dental group is headquartered in southeastern Michigan.

Tend opened a new location in Long Island City (LIC), becoming the 13th Tend location in New York City and the 29th location nationwide. The company had decided to open a Long Island City location in response to the neighborhood experiencing a large residential boom. Tend LIC is the company’s first venture into Queens but will expand its presence in the borough if the LIC location proves a success.

Specialized Dental Partners welcomed Dr. Mary Ann Bunczak, Forest Lake Endodontics, Forest Lake, MN. The DSO is headquartered in Irving, TX and was founded in 2018.

Palm Valley Pediatric Dentistry & Orthodontics (PVPD) opened a new practice in Chandler, AZ, marking the fifth location for this family- and woman-owned dental group serving the greater Phoenix area. Founded by Dr. Olga, PVPD is the exclusive dental partner for the Phoenix Suns and Arizona Diamondbacks, supporting Arizona’s pro athletes with specialized pediatric and orthodontic care.

Smile Partners USA announced two new partnerships, bringing their total number of supported offices to 108 offices across 5 regions:

UK-based Dental Beauty Partners acquired Prime Dental which is located in the Hampstead area of London. Dental Beauty Partners is led by Dr. Dev Patel, CEO. The growing group is headquartered in London GB.

Guardian Dentistry Partners acquired Dr. Elizabeth Fox’s practice in Swedesboro, NJ. Founded in 2018, Guardian has expanded rapidly and now supports dental entrepreneurs in Alabama, Florida, Michigan, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas and Virginia.

The Smilist announce its expansion into the state of Massachusetts with the addition of two offices, Hirshberg Wozny Dental Care and Hirshberg Dental Associates of Boston. Now operating in seven states throughout the Northeast, The Smilist was founded in 2014 and has rapidly grown in the Northeast supporting over 90 locations.

Elite Endodontic Specialists opened their second location, this one at 20220 Fort Bend Parkway, Suite 120, Missouri City, TX. They are led by Dr. Rand Russell, D.D.S.

Aspen Dental‘s de novo office openings:

  • Pineville, NC, led by owner Yonathan Nigatu, DDS, and managing clinical director Nego Roberts, DMD
  • North Conway, NH, led by managing clinical director Muhammad Faheem Khiyani, DDS
  • Puyallup, WA, led by managing clinical director Praveena Nanduri, DDS
  • Lake Jackson, TX, led by owner Brian Tran, DMD

Parkview Dental Partners announced the acquisition of Breezy Dental, led by Dr. DiPiazza DDS and located in Tampa, Florida. This strategic acquisition strengthens Parkview’s position in the Gulf Coast region. Parkview, founded in 2018 through an initial affiliation with BayView Dental Associates, an 8-office general and specialty dental practice headquartered in Sarasota, Florida.

Imagen Dental Partners announced the addition of its 100th practice, Dr. Scott Cohen, Savannah Dental Centre of Savannah, GA. Co-founded by Michael Augins and Rezwan Manji, Imagen’s first practice, Cambridge Dental Associates, joined on September 17, 2020. In just four years, the organization has rapidly expanded to include 100 dental practices across 15 states.

Vitana Pediatric & Orthodontic Partners, a dentist-led dental partnership organization (DPO) focused exclusively on pediatric dental and orthodontic practices with operations in Florida, Alabama, Louisiana, Pennsylvania & New Jersey, announced its expansion into New York with the acquisition of Lemchen Salzer Orthodontics. Lemchen is owned by Dr. Marc Lemchen, Dr. Jennifer Salzer and Dr. Andrew Lemchen. Vitana was founded in 2021 and is headquartered in Plantation, FL.

Leading Edge Oral Surgery, an oral surgery group within Leading Edge Specialized Dentistry, has announced the acquisition of Keith Silverstein Oral & Maxillofacial Surgery, a practice located in Paoli, PA. Leading Edge Specialized Dentistry is the preferred surgical partner of Dental365.

Smile Obsession a dental group serving the Chicagoland area opened its 16th location in Chicago at 851 W. Belmont. Viren Patel DMD leads Smile Obsession. The group was founded in 2020.

Hybridge Implants & Smile Restoration announced the opening of their second location. This one is of their newest office location, this one in Buffalo, NY. They also have a location in Rochester, NY.  The opening of this Buffalo office is the first step in the company’s Western NY expansion, with the goal of transforming lives by creating even more lasting smiles across the Buffalo region. Established in 2005, their exclusive Hybridge Laboratory is the only lab in the nation focused solely on full-arch implant restorations.

Adria Dental Group (ADG), a dental network in Central and Southeast Europe, has announced its strategic investment in Implant Centre Martinko, a clinic based in Zagreb, Croatia. This expansion marks ADG’s twelfth acquisition in the past three years, expanding its presence to Italy alongside its existing operations in Croatia and Slovenia.

Implant Centre Martinko operates across three locations, including its primary clinic in Zagreb with nine treatment rooms. In Italy, the clinic is present in Trieste with four offices and in Milan with three. Recognized for its expertise in dental implantology, prosthetics, and aesthetic dentistry, Implant Centre Martinko has been instrumental in positioning Croatia as a top destination for premium dental services in Europe.

dental dso mergersThe DSO Deal RoundUp is sponsored by TUSK Practice Sales, the premier M&A Advisor for healthcare practices looking to maximize their value in a sale. With an in-depth understanding of the marketplace, collective experience of over 125+ years, and access to hundreds of buyers nationwide, TUSK helps their clients confidently pursue M&A transactions that maximize their long-term value. They offer their clients solutions that help them achieve their strategic and financial objectives. If you’re interested in knowing the true value of your practice, click here for a complimentary practice valuation.

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