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DSO Spotlight
Park Dental Partners, Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. All of the shares will be issued and sold by Park Dental Partners, Inc. The number of shares to be offered and the price range for the offering have not yet been determined.
The Company has filed an application to list its common stock on The Nasdaq Capital Market under the ticker symbol “PARK.”
Northland Capital Markets and Craig-Hallum are serving as joint book-running managers for the proposed offering.
About Park Dental Partners
Dr. Gregory Swenson and Dr. Brian “Bud” Murn founded Park Dental after meeting in 1969 and envisioning a group practice model to provide consistent, high-quality, and affordable care. They opened their first location in Brooklyn Center, Minnesota, in 1972, which became the foundation for growth. Through steady reinvestment, Park Dental expanded to multiple sites in the 1970s, grew to 17 locations in the 1980s, surpassed 100 doctors by 1999, and today operates more than 50 locations across Minnesota and western Wisconsin.
In 1998, The Dental Specialists was created under Dr. Alan Law’s leadership to provide patients with a full range of specialty services, now encompassing six specialties across 23 locations in the Minneapolis–St. Paul area.
In 2023, building on decades of growth, Park Dental and The Dental Specialists formed Park Dental Partners, Inc., a doctor-owned dental resource organization (DRO) that provides business and operational support while preserving clinical autonomy. The new parent company, led by Chairman and CEO Pete Swenson, supports over 200 doctors across 85 locations.
The mission of the affiliated dental practices since inception has been to ensure patients enjoy the benefits of a lifetime of good oral health. This mission continues to be the driving force behind the Company’s organization today.
SEC Filing and Prospectus Details
The proposed offering will be made only by means of a prospectus forming part of the registration statement. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Heidi Fletcher, by telephone at (612) 851-4918 or by email at [email protected] or from Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets, 323 North Washington Ave., Minneapolis, MN 55401, by telephone at (612) 334-6300 or by email at [email protected].
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective.
This shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The proposed offering is subject to market and other conditions and the completion of the U.S. Securities Exchange Commission’s review process. There can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.
