Specialized Dental Partners has been the most acquisitive private equity-backed DSO since 2021, according to PitchBook’s “Healthcare Services Report” for the fourth quarter of 2024.
The report analyzes private equity trends during the fourth quarter of 2024 in addition to recent years.
The number of private equity deals among healthcare services companies decreased between the third and fourth quarters, with private equity activity in pharmaceutical services and healthcare IT outpacing healthcare services. Pitchbook estimated up to 177 deals during the last quarter of 2024.
Here is how six DSOs rank among the most acquisitive private equity-backed healthcare services platforms since 2021:
| Platform | Add-on count |
| Southern Veterinary Partners | 135 |
| Specialized Dental Partners | 55 |
| Smile Doctors | 53 |
| Southern Orthodontic Partners | 34 |
| Veterinary Practice Partners | 33 |
| U.S. Oral Surgery Management | 27 |
| Retina Consultants of America | 27 |
| Ivy Rehab Network | 24 |
| MB2 Dental | 22 |
| Dental365 | 21 |
| Unifeye Vision Partners Management | 20 |
| PetVet Care Centers | 20 |
| DermCare Management | 19 |
| EyeSouth Partners | 18 |
| Foundation Dental Partners | 17 |
