Paradigm Oral Health Announces Acquisition by BlackRock Long Term Private Capital
22 Setembro 2022 - 8:00AM
Business Wire
Paradigm Oral Health (“Paradigm”), a leading oral surgery and
digital dentistry platform, today announced that BlackRock Long
Term Private Capital (“LTPC”) has entered into a definitive
agreement to acquire a majority interest in the company from
shareholders including InTandem Capital Partners. LTPC will partner
with Paradigm’s executive leadership team, led by founder and CEO
Dr. David Rallis, to support the company’s continued expansion and
strategic growth plans.
Founded in 2018, Paradigm has developed an industry-leading
model designed to attract and retain best-in-class surgeons focused
on delivering the highest quality of oral health care and dental
implant surgery while fostering a medically-driven,
patient-friendly culture of excellence. The company partners with
leading oral surgery groups in markets across the United States,
allowing them to maintain their unique brand identity while
operating on the same platform. Paradigm’s proprietary practice
management technology, Paragon, utilizes cutting-edge technology
and data analytics to provide and store proprietary information and
intelligence generated by the business, leading to enhanced
performance as well as increased patient and provider satisfaction.
Today, Paradigm and its team of over 100 surgeon partners provide
patient care in 75 state-of-the-art facilities throughout the
United States.
Colm Lanigan, Head of BlackRock LTPC, Americas,
commented, “We are pleased to invest in Paradigm, which has
established itself as an industry defining platform for the
development and delivery of next-generation oral health solutions.
Through its focus on providing superior clinical care, advanced
technology, and continued training and education to its surgeon
partners, the company is well positioned for long-term growth. We
look forward to partnering with Dr. David Rallis and the entire
Paradigm team.”
David Rallis, DDS, MD, and CEO of Paradigm Oral Health,
commented, “Paradigm is advancing oral surgical outcomes and
patient experience through a culture that places the needs of the
patient first. At Paradigm, we validate our clinical performance
through a proprietary data ecosystem and use data to reinforce our
culture of excellence and accountability. Through innovation, and
the rapid adoption of technology, we continue to set the standard
for dental implant surgery. Aligning our company with world-class
partners, first InTandem Capital and now BlackRock LTPC, has
allowed Paradigm to emerge as a leader. We are humbled by the
opportunity to partner with BlackRock LTPC, and excited to work
with Colm Lanigan and his team as we continue to advance Paradigm
as the global leader in oral surgery.”
Elliot Cooperstone, Managing Partner of InTandem Capital
Partners, Paradigm’s financial sponsor since 2019, commented,
“InTandem Capital invests in healthcare companies that are local
leaders with the ambition and potential to become a national
powerhouse. Dr. David Rallis and the leadership team at Paradigm
embraced our playbook for accelerated growth with amazing skill and
dedication. Our deep trust in each other has allowed our
partnership to flourish. My colleagues and I wish David and the
Paradigm team the very best as they build on their well-deserved
position as the country’s leading oral health company.”
Paradigm is BlackRock LTPC’s sixth investment to date and its
fourth investment in North America.
Houlihan Lokey acted as financial advisor and Goodwin Procter
acted as legal advisor to Paradigm. Simpson Thacher acted as legal
advisor to Blackrock LTPC.
About Paradigm Oral Health
Paradigm Oral Health is the preeminent provider of oral surgery.
Paradigm’s uniqueness comes from their ability to hire the most
elite oral surgeons in the country and train them on their
proprietary platform of excellence. Paradigm Oral Health continues
to revolutionize and reinvent implant surgery through their ongoing
technology and digital work-flow advancements. With a passion for
excellence, Paradigm embraces every opportunity to meet the needs
of their patients and referring dentists. To learn more about
Paradigm Oral Health, visit www.ParadigmOralHealth.com.
About BlackRock LTPC
BlackRock LTPC is an innovative private equity strategy focused
on investing in high-quality businesses and value creation through
active collaboration with management teams. The strategy's flexible
duration and prudent approach to leverage preserve optionality for
growth and help enable compounded capital appreciation. LTPC's team
of 23 professionals are based in New York and London and invest
across North America and Western Europe. LTPC is backed by
BlackRock, Inc., which manages $320 billion in alternative
investments and commitments on behalf of clients worldwide as of
June 30, 2022. For additional information on BlackRock LTPC, please
visit
https://www.blackrock.com/institutions/en-us/strategies/alternatives/long-term-private-capital.
About InTandem Capital Partners
InTandem Capital Partners is a private equity firm that invests
in and helps accelerate the growth of select healthcare services
companies. Its goal is to build excellent businesses of significant
value working collaboratively with its management team partners.
InTandem is comprised of former business executives and experienced
investors, and is uniquely qualified to provide strategic,
acquisition and operating expertise to help companies significantly
increase their value over time. InTandem provides active support to
the management of its portfolio companies directly and leverages
its network of industry executives to augment its capabilities. For
further information, please visit: www.intandemcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220922005159/en/
Paradigm Oral Health Kirsten Smith +1 (308) 379-3319
Kirsten.Smith@ParadigmOralHealth.com BlackRock Christopher Beattie
+1 (646) 231-8518 christopher.beattie@blackrock.com InTandem
Capital Partners FGS Global +1 (212) 687-8080
InTandem-SVC@sardverb.com
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