Specialized Dental Partners has been the most acquisitive private equity-backed DSO since 2021, according to PitchBook’s “Healthcare Services Report” for the first quarter of 2025.
The report analyzes private equity trends during the fourth quarter of 2024 in addition to recent years.
Here is how six DSOs rank among the most acquisitive private equity-backed healthcare services platforms since 2021:
| Platform | Add-on count |
| Southern Veterinary Partners | 139 |
| Specialized Dental Partners | 55 |
| Smile Doctors | 53 |
| Southern Orthodontic Partners | 39 |
| Veterinary Practice Partners | 33 |
| Retina Consultants of America | 27 |
| U.S. Oral Surgery Management | 27 |
| Ivy Rehab Network | 24 |
| MB2 Dental | 23 |
| Dental365 | 23 |
| Unifeye Vision Partners Management | 20 |
| PetVet Care Centers | 20 |
| Cardiovascular Associates of America | 20 |
| DermCare Management | 19 |
| EyeSouth Partners | 19 |
