2025 Dental M&A Market Report

The 2025 Dental M&A Market Report reflects a sector that has transitioned from the aggressive expansion cycle of 2017–2021 into a disciplined, valuation-sensitive environment shaped by rising interest rates beginning in 2022.

While the Federal Reserve’s tightening cycle compressed multiples and slowed recapitalizations, dentistry remains one of the most attractive lower middle-market healthcare verticals due to:

• High fragmentation (70%+ still independent)

• Recurring patient base

• Strong demographic tailwinds

• Recession resilience

• Scalability through DSO structures

In our experience at PRIME exits®, deal flow has not disappeared — it has matured. Buyers are more selective. Structures are more sophisticated. Quality is rewarded.