Dentalcorp, Canada’s largest network of dental practices, capped off the first quarter of 2025 with a record $44.3 million in adjusted free cash flow, representing an increase of about 26 per cent over the same period in 2024, it says in a release.
“Following a strong first quarter of 2025 that exceeded expectations, we’re carrying this momentum into the second quarter, anticipating same-practice revenue growth of 3.0 to 5.0 per cent, revenue growth of 9.0 to 10.0 per cent, and an adjusted EBITDA margin expansion of 20 basis points over the second quarter of 2024, to 18.7 per cent,” says Nate Tchaplia, president and chief financial officer.
It also reported revenue of $409.4 million, an increase of 9.9 per cent from Q1 of 2024, with Same Practice Revenue Growth (“SPRG”) of 4.6 per cent.
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Acquiring 12 new practices
The company is also continuing its acquisition streak. During the first quarter, Dentalcorp acquired 12 new practices expected to generate $8.3 million in pro forma adjusted EBITDA after rent—representing 70 per cent of its annual target.
As of the end of Q1, Dentalcorp owned 571 practice locations across Canada.
With its national footprint, the company says it has treated more than 95,000 patients under the Canadian Dental Care Plan (CDCP), with 95 per cent of its practices currently accepting CDCP patients. This follows the federal government’s announcement that patients aged 18 to 64 will be eligible for coverage under the program as of June 1.
Also read: Dentalcorp expects $21.4M in profits after acquiring 30 dental practices last year
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