KKR-backed Heartland Dental, the biggest sponsor-backed dental service organization in the U.S., won't "keep on buying just to buy" as scaled dental M&A activity cools, says CEO Pat Bauer.
Why it matters: Difficult financing markets and labor costs have put pressure on the physician practice management deal landscape, and Bauer's comments substantiate market chatter that most $1 billion-plus PPM deals remain on ice.
