Park Dental Partners, a diversified dental services network with 85 locations in Minnesota and Wisconsin, raised $20 million by offering 1.5 million shares at $13, within the range of $12 to $14. At pricing, the company commands a market cap of $87 million and an enterprise value of $81 million.
Park Dental is a provider of oral surgery, periodontics, pediatric dentistry, prosthodontics, endodontics, and orthodontics services, with a team of over 900 hygienists, dental assistants, and patient care coordinators. Its offerings also include business support services, such as clinical team members, administrative personnel, and facilities and equipment to general and multi-specialty dental practices throughout Minnesota and Wisconsin.
Park Dental Partners plans to list on the Nasdaq under the symbol PARK. Northland Securities and Craig-Hallum Capital Group acted as joint bookrunners on the deal.
