Viper Equity Partners Prediction for the Dental Consolidation Market: The Grass is Going to be Much Greener
PALM BEACH, Fla., May 19, 2020 /PRNewswire/ -- Dental practices nationwide have been reopening to no shortage of waiting patients, eager to book an appointment. Many offices have been working extended hours on a seven-day-a-week schedule.
It is a refreshing reality after a couple of months of home quarantine. Hygiene schedules are booked out into the fall, and dental specialists face heavily booked schedules throughout the summer. For the doctors, it is a tremendous feeling to be back doing what they love, and it is an encouraging sign that everything will be back to normal in short order.
There is absolutely nothing to suggest that the recent market disruption will impact the dental consolidation industry. "Over the last two months, we have received over 30 offers for our clients from Dental Support Organizations and have executed 22 of them," states David C. Branch, principal at Viper Equity Partners.
"The valuation multiples have been the same as they were six months ago, as they should be. We are seeing some additional holdbacks that will be released upon practices getting back to 2019 numbers, but that is to be expected," Branch added.
Jonathan Guise, Viper's Vice President of Dental Operations, works with dentists nationwide who are looking to transition into DSOs.
"What I have seen is a flood of marquee practices coming to market looking to join a DSO. We are speaking with more than 20 practice owners a day and helping them prepare to enter the market. On the other side, the buyers are more aggressive than ever, looking to get more practices under contract,"
Guise adds. "We are not surprised by this. It's dental, it's private equity, it works, and it makes sense especially now."
Viper Equity Partners is the country's leading investment bank and M&A advisory that works with dentists and dental specialists. The firm assists dental practitioners with opportunities to join partnerships, transition into DSOs, and plan their exit strategies.
Recent events have made clear the benefits of weathering tough times alongside a partner with deep pockets and resources. "Practice owners with lots of equity in their business need to pay attention to what these recent months have revealed," Guise suggests. "They need to explore options to lower their risk, take some chips off the table and explore strategies for their future."
Viper realized an increase in market activity at the beginning of the first quarter of 2020 and is now seeing an uptick in the second half of the second quarter, with practices recuperating losses from recent closures. "This industry is in the early stages," Branch continues. "People are going back to the dentist, spending habits are not changing, and this industry will be stronger than before. This is a tremendous industry and will continue to flourish year after year."
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