M&A TRANSACTION · 2025
Smile Design Dentistry acquired by Heartland Dental
$165.0M· 11.0x EBITDA
Target
Smile Design Dentistry
Acquirer
Heartland Dental
Strategic buyer
Disclosed financials at time of acquisition
Revenue
—
EBITDA
$15.0M
Deal Value
$165.0M
EV/EBITDA
11.0x
Context
This $165.0M acquisition of Smile Design Dentistry by Heartland Dental sits in the dental practice sub-vertical. The 11.0x EBITDA multiple paid in 2025 can be compared against the population median for dental practice transactions of similar size on our Dental Practice valuation hub. Heartland Dental is acquiring as a strategic buyer; see how strategic acquirers typically price dental practice businesses on our Dental Practice strategic buyer-pool page.
Source
Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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