P1 Dental Partners (“P1”) emerged on December 18, 2020, through a strategic partnership between Prairie Capital VI, LP, Dr. Kelly Jastremski, Patrick Malloy, and numerous practice owner dentists. This collaboration consolidated 26 dental practices across Indiana, establishing a significant dental partnership organization (DPO). Headquartered in Indianapolis, IN, P1 Dental Partners comprises 23 general dentistry and 3 specialty practices, supported by approximately 50 providers across its network.
The foundational concept of P1 Dental Partners was driven by Dr. Kelly Jastremski and Patrick Malloy. Their vision was to cultivate a provider-centric organization uniting elite, like-minded dentists who share a commitment to clinical excellence and patient-focused care. A key feature of the P1 platform is its enhanced study club model, designed to foster collaboration among Partner Dentists and facilitate the implementation of best practices throughout the organization. By building upon the established reputation and patient goodwill of each individual practice, P1 Dental Partners aims to implement strategic growth initiatives and targeted investments to maximize both productivity and profitability across the platform. Importantly, P1 is committed to maintaining the unique identity and character of each of its individual practice locations.
The dental services industry represents a substantial and consistently stable market, demonstrating resilience even during economic downturns. As the largest segment within retail healthcare, the total addressable market is estimated at $140 billion. The industry landscape is characterized by fragmentation, with many small to medium-sized providers increasingly seeking the advantages of joining larger platforms, particularly in response to challenges highlighted by the COVID-19 pandemic. Several key trends are propelling growth in the dental sector, including increasing public awareness of oral health, aging demographics, and ongoing advancements in industry innovation and technology.
Prairie Capital’s partnership with the P1 Dental Partners team is geared towards accelerating growth through strategic company-building investments. These investments will focus on strengthening human capital, integrating advanced technology, enhancing infrastructure, optimizing the supply chain, and pursuing carefully selected add-on acquisitions.
For further inquiries regarding P1 Dental Partners, please reach out to:
DJ Lipke at [email protected]
Sean McNally at [email protected]
PJ Jensen at [email protected]
