Here are five DSO deals from this year totaling $526 million, including acquisitions and recapitalizations and investments:
1. Morrisville, N.C.-based Affordable Care completed a recapitalization transaction to reduce debt and improve its financial foundation for long-term growth. The recapitalization reduced the DSO’s debt by $1 billion, or about 65%, provided $75 million in new capital and extended debt maturities to 2031.
2. Roseville, Minn.-based Park Dental Partners agreed to acquire Village Family Dental DSO in a deal worth up to $46 million.
3. Dallas-based Smile Doctors secured an additional $125 million in growth capital to invest in new affiliations, de novo expansion and support for affiliated practices.
4. Englewood, Colo.-based Lone Peak Dental Group completed a $170 million recapitalization led by TCW Steel City, a private credit platform. The DSO also received a $15 million mezzanine debt investment from o15 Capital Partners, an alternative investment firm.
5. Sarasota, Fla.-based Dental Care Alliance entered into an agreement with its existing lender group to reduce its debt by more than $1.1 billion and receive $95 million in new capital.
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