Park Dental Partners Inc (PARK) is a dental support organization that manages and provides business support services to affiliated general dentistry and multi-specialty dental practices. Revenue is generated on a fee-for-service basis from patient visits at affiliated practice locations, with reimbursement flowing through payor contractual rates negotiated with insurers. The company is geographically concentrated in the Minnesota area, as disclosed in its 10-Q filed May 14, 2026. Total revenue for Q1 2026 was $62.7 million, up 6.2% from $59.0 million in Q1 2025, driven by general dentistry revenue growth of $2.8 million and multi-specialty dentistry growth of $0.9 million. Patient visits for Q1 2026 were 178,527, a 1.5% increase from 175,940 in Q1 2025. Same-practice revenue grew 4.1% in Q1 2026 versus the prior comparable period. The company completed its initial public offering on December 4, 2025. Adjusted gross margin was 19.5% in Q1 2026 versus 20.2% in Q1 2025, and Adjusted EBITDA was $4.7 million in Q1 2026, down from $5.5 million in Q1 2025.

Revenue model

Fee-for-service revenue from patient visits at affiliated dental practice locations, reimbursed through payor contractual rates. Revenue is split between general dentistry and multi-specialty dentistry service lines. Acquisitions of additional practice locations contribute incremental revenue.

Products and services

Business support services to affiliated dental practices, including centralized billing, call-center operations, marketing and advertising, regional management, accounting, finance, information technology, operations, and real estate functions. Clinical services delivered at affiliated locations include general dentistry and multi-specialty dentistry.

Customers and end markets

Dental patients served at affiliated practice locations in the Minnesota area. End market is consumer dental care, with reimbursement from third-party payors under contractual rate agreements.

Value-chain role

Dental support organization sitting between affiliated independent dental practices and patients and payors. Provides centralized administrative, operational, and management infrastructure, while affiliated dentists deliver clinical services.

Geographic exposure

Geographically concentrated in the Minnesota area, as disclosed in the 10-Q filed May 14, 2026.

Source: SEC 10-Q, filed 2026-05-14

Industry: Services-Misc Health & Allied Services, NEC