HOME - Companies - News
 
 
04 August 2021

Viper opens dental fund for top practices

Katherine E. Pfaff


Mergers and acquisition firm, Viper Equity Partners, has created a new program, The Phoenix, to speed closure of sales of dental practices. Viper's fund aims to close acquisitions in less than 90 days for all practices that meet predetermined criteria. 

The firm is planning to boost its portfolio of "top" dentistry practices with the new fund, which is expected to garner interest from private equity and DSO (days sales outstanding) customers. The Phoenix fund will bring together dental practices which have received $3 million -$7 million collection yearly, have one large or multiple locations, employ at least three dentists and associates, and do not utilize government insurance.

"Deals that meet the Phoenix criteria are no-brainers for us to get under LOI immediately," said Jonathan Guise, VP of Viper. "We have a waiting list for these deals. It's a huge win-win for all parties. The doctors get amazing prices with great equity ownership, and the DSO's get high volume offices with a strong EBITDA." As a result, the dentistry marketplace has seen high volume, according to Guise. 

Providers must remain at least three years after the program closes and commit a portion of proceeds to equity.


Source: https://www.prnewswire.com/news-releases/viper-equity-partners-launches-new-phoenix-program-for-dental-practices-looking-for-top-valuations-with-short-closing-schedules-301339635.html


Related articles

Authors: Graziani F, Izzetti R, Gabriele M, Nisi M

Oral care professionals are undoubtedly on the front line during this pandemic. Dentists are among the most exposed categories to the risk of SARS-CoV-2...


On March 31, 2020, the American Dental Association (ADA) published guidelines for dental practices on its website (https://www.ada.org/en). Dentists, in fact, must keep their offices closed to...


Read more

Philips Avent, a mother, and childcare product corporation, has launched a new line of products, including an orthodontic-friendly pacifier. The new line is designed to aid in feeding babies and to...


Author: Giacomo Tarquini

Periodontitis is an inflammatory disease caused by the formation of a bacterial biofilm that, especially in predisposed subjects, may lead to periodontal ligament destruction and alveolar bone...


Independent dental implant and oral healthcare company, Keystone Dental Inc., completed a financing round that netted $25 million, led by investors, Nantahala, and joined by Accelmed and Migdal...


Dental caries and tooth wear remain an oral public health issue affecting nearly 100% of the adult population.  When the amount of lost tooth structure is important, often either a complete...


According to a recent report, Valuates Reports, a market analysis firm, has forecast the dental consumables market to grow at a CAGR of 3.9% between 2021 and 2027. The market is expected to reach...


 
 
 
 
 
 

Most popular

 
 

Events

 
 

Copyright © 2021 - All Rights Reserved
ISSN 2767-1178

Top