The consolidation of the dental industry has been growing steadily over the last 20 years. Today, 30% of americas dentists have joined one of the 600 DSOs making it the most active market in healthcare. Deal values based on EBITDA have risen above 11x for marquee single offices.
Old-school bloated DSOs have given way to progressive new players with partnership models that have structures favorable to the selling doctors. These groups offer the doctors higher front-end cash with equity rolls that really pay off at recaps or the doctors’ exit. Truly an amazing time for dentists and all dental specialists.
A driving force has been Florida-based Viper Equity Partners, a seasoned firm with expertise in deal structure, industry experience and everything healthcare. Leading Viper is David C. Branch, a private equity veteran and founder past CEO of one of the country’s largest radiology MSOs.
The rest of the team are all deep-rooted senior healthcare and finance executives. They credit their success to the depth of understanding of exactly what the job is, and it sets Viper apart from all others. Their reputation industry wide is they work diligently on task and time, produce real valuations, and support their clients and buyers from start to finish on every deal.