BlackRock Long Term Private Capital (LTPC) will acquire Paradigm Oral Health from shareholders including InTandem Capital Partners, according to a news release.
Paradigm, based in Lincoln, Neb., is an oral surgery and digital dentistry platform. Founded in 2018, the company states that it has partnered with more than 100 surgeons who provide care in 75 facilities throughout the United States.
LTPC is a direct private equity strategy backed by BlackRock that makes $500 million-plus control-focused investments in companies across North America and Western Europe.
InTandem, based in New York, focuses on acquiring middle market healthcare and insurance companies. Founded in 2011, the firm prefers to make more substantial investments from a dollars perspective in the provider services and non-reimbursement industries.
Terms of the acquisition were not disclosed.