Viper Equity Partners Expands M&A Reach Into Multi-office Dental Deals With Plan to Facilitate DSO Transitions in 2020
Originally posted on PR Newswire
PALM BEACH, Fla., July 23, 2019 8:28 a.m. ET /PRNewswire/ -- On Monday, July 22, 2019, Viper Equity Partners of Palm Beach ("Viper") announced strong Q2 results and its expanding reach into larger multi-location dental practice deals suitable for rapid value creation for its dental support organizations (DSOs) partners.
Viper corners America's growth transition and M&A advisory market for medical practices, especially in dentistry. Dental deals hit a record peak this unusually active summer.
According to Ross Schneider, Vice President of Business Development: "We received over 30 letters of intent (LOIs) this June, and our book of deal inventory rose to over $700MM. Working with single practice owners is our core business, but roll-ups and multi-location deals have become popular."
Consolidation and multiples are also reaching record highs, enabling Viper to expand deals into multi-office practices with revenues over $20MM and thereby adding new DSO and sub-DSO buy-side clients.
Don Schwall, Viper's Vice President of Corporate Development explains: "During Q2, our transactions evolved from 1 to 3 office practices to comprise multi-office dental practices with 15 to 30 locations in concentrated geographies in prime states."
Viper's vision remains clear: to deliver value-added action and indispensable advice to its clients and partners throughout the entire M&A process. Their new North Palm Beach offices house an expanded finance division. Services include package development, financial modeling and forecasting, as well as practice audits.
Viper also added a multi-team closing division to facilitate post-LOI diligence through closing for all clients. Further, by partnering with the operational improvement firm Aligned Dental Partners, Viper now focuses on groups of offices looking to integrate into a DSO. This collaboration structures them and boosts EBITDAs for market readiness.
David Branch, Viper Founder, elaborates: "These are exciting times. Our Plan for 2020 will launch integrated and non-integrated DSOs, as well as alignment with DSOs for their recapitalization events."
About Viper Equity Partners
As America’s Leading Transition Consultation Firm for the Medical Industry, working with dentists, plastic surgeons, dermatologists, cardiologists, and real estate. Viper Partners is America's leading M&A Advisory and Investment Bank in dentistry and aesthetics, representing Dental, Plastic Surgery, Cardiology, Real Estate, Loans, Financing, and Dermatology practice owners. Our exclusive relationships with private equity-funded Dental Support Organizations (DSOs) and Medical Support Organizations (MSOs) and our experienced team of M&A professionals are like no other in the healthcare marketplace. The Viper Team consults with every client, from contract to the closing table, with high integrity, efficiency, velocity, and a one-of-a-kind, value-added approach. Our 97% closing rate speaks for itself.
Contact Information:
For more information on how Viper Partners can assist with your business sale, contact Dave Branch or visit https://www.viperequitypartners.com/.
Dave Branch, Founder
Phone: (305) 988-5945
Email: dave@viperequitypartners.com
SOURCE Viper Equity Partners of Palm Beach LLC