Park Dental Partners initiated with an Outperform at Northland

Northland analyst Mike Grondahl initiated coverage of Park Dental Partners (PARK) with an Outperform rating and $21.50 price target The dental resource organization provides comprehensive business support services to 218 dentists serving over 330,000 patients, the analyst noted. With over 75% of dentists operating solo practices and active consolidation across the industry, the firm believes Park serves as the alternative to private equity and thinks its scale and brand name drives bargaining power, higher insurance reimbursement, and a “quality reputation.”