Minneapolis-based Park Dental Partners recently announced the terms of its initial public offering, with plans to raise $20 million by selling more than 1.5 million shares.
Park Dental Partners plans to use the proceeds from its IPO for general corporate purposes, working capital and expanding its network through organic and inorganic growth. The company has planned several strategies to build its practice revenue, including adding dentists and hygienists, introducing new specialty services and opening de novo offices in existing markets.
The DSO filed its investor presentation in September. Here are seven notes about the company’s current standing:
1. Park Dental Partners supports 203 dentists and 85 offices in Minnesota and Wisconsin.
2. The dental resource organization reported $122 million in total revenue during the first half of this year, representing a 3.8% year-over-year growth rate.
3. The company earned $229.8 million in total revenue for 2024, with a $19.4 million adjusted EBITDA.
4. The company reported a $13 million adjusted EBITDA for the first six months of this year.
5. Park completed 713,000 patient visits last year, and reported having 330,000 active patients.
6. Its current patient retention rate is 89.7%.
7. PDP has closed 41 acquisitions since 2014, 16 of which were completed between 2020 and 2024.
