Several private equity-backed DSOs have gained investments and made acquisitions to continue their growth in 2024.
Here are eight moves Becker's has reported on so far this year:
1. San Antonio-based 7to7 Dental received a strategic investment from GTCR and Avryo Health Services. GTCR, a private equity firm, plans to make additional future investments in the company to fund organic growth initiatives and strategic acquisitions.
2. PitchBook ranked Smile Doctors as one of the most acquisitive private equity-backed buyers in healthcare in its "Healthcare Services Report" for the fourth quarter of 2023.
3. Private equity-backed Vitana Pediatric & Orthodontic Partners secured an expansion and upsizing of its existing debt facility.
4. Houston-based Main Street Capital Corporation completed a portfolio investment in a DSO based in the Midwestern U.S.
5. New York City-based Avista Capital Partners acquired Terrats Medical, a dental prosthetics company based in Barcelona, Spain.
6. Private equity-backed Oral Surgery Partners received a credit expansion of more than $400 million to invest in the company's infrastructure and complete additional acquisitions.
7. Viper Partners, an advisory and investment firm, said it plans to remain active in the dental industry this year after closing several oral surgery deals in 2023, which were primarily structured as 70% cash and 30% equity for private equity-backed DSOs.
8. Private equity-backed Modis Dental Partners acquired Innovative Dental of Springfield (Mo.).