HIGHBusinessTier 1
What separates the haves and have-nots in the DSO industry
SourceBecker's Dental + DSO ReviewTier 1Hard News
By Cameron Cortigiano
Originally at beckersdental.com
Summary & scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol (Drill-Down Score) — not the original publisher.
Why it matters for dental
DSO owners and investors must shift from multiple-arbitrage growth to same-store revenue gains; practices that fail to execute this pivot risk stalled recapitalizations and lower exit valuations.
Key points
- Low-rate era allowed DSOs to buy practices at lower multiples and sell platforms at higher multiples; rising rates have ended that strategy.
- Recapitalization activity has stalled across the DSO sector as the multiple-arbitrage model no longer works.
- Same-store growth is now the primary lever DSOs must use to drive value and maintain platform valuations.
Who should care
OwnerDSO
Read the original on Becker's Dental + DSO Review
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