Q1-2020 Dental Services Update
The first quarter of 2020 began with a flurry of transaction activity within the dental services market. With 18 announced transactions, this was the most active quarter the dental market had seen in quite some time. It is also worth noting that there were likely many other transactions slated to close at the end of March that were delayed due to COVID-19. Given the elective nature of many dental procedures, it is one of the segments of practice management that has been hit hardest by the current pandemic. Both buyers and sellers in the dental market are focusing intently on their core businesses heading into the second quarter. Activity in the sector will continue to be driven by large consolidators that are expanding through add-on acquisitions, while larger platform transactions will be delayed until patient volumes rebound and credit markets begin to re-open. Based on the transaction activity leading up to COVID-19, it is Provident’s expectation that once normalcy returns to the market, transaction volume in dental services will return in a big way as both buyers and sellers look to complete a transaction backlog.
To print and download the full Dental Services Update report, please click below…
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