Dental practice software is the next roll-up frontier

Dental is a textbook roll-up target: thousands of independent practices, sticky recurring software, and incumbents that haven't shipped a real update in years. Capital is consolidating the software layer the same way it consolidated the practices themselves.

The prize is the patient relationship — recall, billing, and treatment plans flowing through one system.

Signal: fragmented verticals on stale software are where the next consolidation stories get written.