How Private Equity Is Buying Up Dental Support Organizations

Private equity has been quietly consolidating dentistry through Dental Support Organizations (DSOs). In this episode, Lucas and Luna examine how PE-backed DSOs now control nearly 20% of US dental practices—and why that number is climbing. They break down the economics: a single dental practice generates roughly $800,000 in annual revenue with 25% EBITDA margins, making it a prime roll-up target. Lucas explains the 'hub-and-spoke' model where a PE firm buys a flagship practice, then acquires smaller ones to centralize billing, marketing, and supply procurement. Luna questions whether this leads to higher patient prices or better access. The hosts also touch on recent regulatory scrutiny, including FTC challenges to non-compete clauses in dentist contracts. A focused look at one of healthcare's most active—and least visible—PE frontiers. #PrivateEquity #DentalSupportOrganizations #DSO #HealthcareConsolidation #RollUpStrategy #Dentistry #PEInvesting #FranchiseModel #EBITDAMargins #RegulatoryScrutiny #FTC #NonCompeteClauses #HubAndSpoke #DentalPractices #Business #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo