• HIGH
  • Business
  • Tier 1
  • Hard News

The shifting DSO landscape

Source
Becker's Dental + DSO Review
Author
Ariana Portalatin

Summary and scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol. Not the original publisher.

Why it matters for dental

DSO ownership among U.S. dentists has more than doubled since 2015 and now stands at 16.1%, while practice ownership has fallen to a 20-year low of 73%. Practice owners, DSOs, and private-equity platforms must adjust acquisition, staffing, and governance strategies as more states consider limits on corporate control of clinical decisions.

Key points

  1. 01

    DSOs completed 30 of the 51 dental transactions recorded in the third quarter, including 16 by private-equity-backed groups.

  2. 02

    TUSK Practice Sales reports the top reasons DSOs walk away from deals are provider risk, clinical continuity, declining financial performance, and reimbursement exposure.

  3. 03

    Park Dental Partners remains the only publicly traded U.S. DSO following its December 2025 IPO.

  4. 04

    More than 20 private-equity-backed dental platforms are seven or more years into their hold periods, positioning them for recapitalizations, secondary sales, or IPOs in the next 12 months.

Who should care

  • Owner
  • DSO

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Becker's Dental + DSO Review

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