Here are eight dental industry deals worth more than $142 million that Becker’s has covered since October:
1. Minneapolis-based Park Dental Partners launched its initial public offering of 1,535,000 shares of its common stock at the price of $13 per share. The DSO is expected to have earned $20 million from the offering, which it plans to use for practice acquisitions, capital expenditures, working capital and repayment and financing of outstanding debt.
2. Trinity (Fla.) Dental Arts was sold for $4.15 million and leased back. The sale-leaseback structure of the transaction will provide the dental practice with operational flexibility and capital liquidity.
3. Monticciolo Family & Sedation Dentistry in Lakewood Ranch, Fla., was sold to a California investor in a $10 million deal. West Coast investors are reportedly moving capital into Florida to take advantage of the state’s tax policies and gain access to higher income and newer assets.
4. GoTu Technology, a dental staffing platform, received a $45 million growth investment to expand across the U.S. The company will also use the funding to accelerate development of its marketplace platform and launch of new services.
5. A retail property in Sharpsburg, Ga., that includes a Heartland Dental practice was sold for $26.9 million.
6. Archy, an AI software company, raised $20 million in series B funding to support its growth. The company said it will use the funds to expand its hiring capabilities.
7. A Heartland Dental property in Oklahoma was acquired by Four Corners Property Trust for $3.3 million.
8. LightSpun, an AI-powered dental insurance administration company, raised $13 million in Series A funding.
