There were more than 240 transactions in the dental industry in 2024, the most out of 11 different physician specialties, according to VMG Health’s 2025 Healthcare M&A report.
Here are five notes:
- Dental practices represented 242 transactions in 2024, over 200 more than the second-highest specialty.
- Dental deals increased from 180 deals in 2023.
- Private equity firms have moved more toward dentistry and away from other medical industries due to the ability to mitigate reimbursement risks in the dental space.
- Overall, physician medical group transaction activity was about 20% lower in 2024 than in 2023, driven by high interest rates, increasing labor costs and market consolidation.
- Of the 10 other specialties included in the report, none of them had more than 30 transactions.
