Why We’re Going to Have 2 or 3 More DSOs IPO in the next 18 months

In December of 2025, Park Dental Partners, a doctor-owned and debt funded group of close to 100 practices in Minneapolis, went public. They’re not going to be the last. If you’re leading an emerging group practice, competing with publicly traded DSOs will dramatically change the landscape in every aspect: M&A, recruiting, technology, etc. It is inevitable that several more PE-backed DSOs will go public before the end of 2027. If you want to know why…“push play.”

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CHAPTERS:

The success of PARK

Why they did it and what it means

Four reasons why a handful of PE-backed DSOs must go public

I’ve lived on both sides of private versus public

Your marching orders

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