Viper Partners, an advisory and investment firm, plans to remain active in the dental industry this year after closing several oral surgery deals in 2023.
The firm closed three oral surgery deals during the last week of December involving Roanoke (Va.) Oral Surgery; the Christiana Center for OMS, which has three offices in Delaware; and the Santa Barbara (Calif.) Center for Oral and Maxillofacial Surgery.
The deals were primarily structured as 70% cash and 30% equity for private equity-backed DSOs, according to a Jan. 19 news release.
Last year, Viper Partners called oral surgery the "next big market," because of the high profitability of practices in the field.
Viper Partners founder David Branch said the company is going "all in" on dentistry in 2024 and is actively seeking to work with dental practices nationwide. The firm said it has already put $125 million worth of deals under letters of intent as of Jan. 6.