Recent M&A Activity and Founder Considerations
In early 2021, Westcove Partners (Westcove) published a white paper entitled “Oral Surgery Insights: Market Trends and M&A Activity” outlining why oral surgery has emerged as one of the most sought-after sub-specialties of physician practice management for investment by private equity sponsors since 2018. Since the publishing of Westcove’s white paper, there has been significant continued investment by private equity sponsors across the country, with additional interesting trends that signal continued changes in the oral surgery landscape.
Industry Player Recap
In mid-2018, RiverGlade Capital and the Thurston Group made its first investment into oral surgery through a partnership with Austin Oral Surgery, and Oral Surgical Associates of North Texas to create U.S. Oral Surgery Management (“USOSM”). Since, USOSM has expanded across the country, and it was recently reported that USOSM was in the process of evaluating a recapitalization with new private equity partners. In mid-2019, InTandem Capital Partners partnered with three practices in Nebraska to create Paradigm Oral Surgery. Additionally, Sheridan Capital Partners formed Oral Surgery Partners in Missouri and has since expanded into Illinois, Indiana, South Carolina, and North Dakota. In December of 2020, Blue Sea Capital made a landmark investment in Atlanta Oral & Facial Surgery, and Bay Area Oral Surgery Management, creating a new national platform, Beacon Oral Specialists.
Sources: PE Hub , Investment activity data available on company websites and company press releases.