Dentistry tops medical specialties in M&A activity: Report

Dentistry saw the most mergers and acquisitions in 2023 compared to 13 other medical specialties, according to VMG Health’s 2024 Healthcare M&A Report.

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VMG Health reported that M&A activity among physician medical groups was strong in 2023 but still lower compared to 2022, seeing a 14% decline. Overall, the advisory firm said it expects the pace of M&A activity to continue to pick up in 2024. 

Here is how the deal volume of the dental industry compared to other medical specialties last year:

Dental: 180

Eye care: 47

Internal medicine: 46

Orthopedic: 36

Cardiology: 29

Dermatology: 29

OB/GYN: 26

Plastic surgery: 20 

ENT: 20

Gastroenterology: 19

Oncology: 17

Pediatrics: 11

Nephrology: 8

Pain management: 5 

At the Becker's 5th Annual Future of Dentistry Roundtable, taking place November 12–14 in Chicago, dental leaders and executives will gain insights into emerging technologies, practice growth strategies and the evolving landscape of dental care delivery, with a focus on innovation, patient experience and operational excellence. Apply for complimentary registration now.

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