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- Paradigm Oral Surgery
Paradigm Oral Surgery Acquisition, Valuation, Funding & Investors
Paradigm Oral Surgery was acquired by BlackRock for $900M in September 2022.
Paradigm Oral Surgery EBITDA multiple at acquisition
14.1x
EV/EBITDA · Sep 2022
Key investors in Paradigm Oral Surgery
Goldman Sachs
Warburg Pincus
Sixth Street
About Paradigm Oral Surgery
Paradigm Oral Health is a Scottsdale, Arizona-headquartered network of oral surgery practices specializing in dental implants and full-mouth reconstructions. It employs board-certified surgeons trained on proprietary digital workflows for guided surgery and 3D planning using Nobel Biocare and Straumann systems. Centers in Phoenix and surrounding areas handle wisdom teeth extractions, bone grafting, and sedation dentistry. Established in 2015, the group partners with referring general dentists across Arizona for same-day procedures.
Founded
2019
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Services
Valuation
$900M (acquired Sep 2022)
Paradigm Oral Surgery Acquisition
Paradigm Oral Surgery was acquired by BlackRock for $900M on 22 September 2022.
The acquisition price implies a 14.1x EBITDA multiple.
Paradigm Oral Health, a leading oral surgery and digital dentistry platform founded in 2018 and based in Lincoln, Nebraska, was acquired by BlackRock Long Term Private Capital (LTPC) from InTandem Capital Partners and other shareholders in a deal announced September 22, 2022, and closed November 16, 2022. Under InTandem's ownership since 2019, Paradigm expanded from four locations in two states to 75 facilities across 24 states, partnering with over 100 surgeons providing oral health care and dental implant surgery, led by CEO David Rallis. The transaction, advised by Houlihan Lokey, valued the company north of $900 million for a majority stake, concluding a competitive sale process where BlackRock's offer topped finalists including Partners Group. BlackRock LTPC, a direct private equity strategy making control-focused investments over $500 million in North America and Western Europe, plans to partner with Paradigm's management to support further expansion and growth leveraging advanced technology, clinical care, and surgeon training. The deal highlights oral surgery's appeal due to market fragmentation, growth runway, higher margins than general dental service organizations, and scarcity of large platforms; it marks one of few secondary PE transactions in the sector. Sources indicate $64 million EBITDA was marketed, with bidders underwriting $50-55 million implying high teens multiple.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 22 Sep 2022 | PE buyout | $900M | 14.1x |
Sources: hl.com
Paradigm Oral Surgery Funding History
Paradigm Oral Surgery has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Jul 2026 | Undisclosed stage | Warburg Pincus (lead); Sixth Street; Goldman Sachs | Paradigm Oral Health announced on 23 July 2026 a buyback of the ownership stake held by BlackRock Long Term Private Capital, returning majority control of the company to its surgeons and management. The buyback was backed by a significant investment led by Warburg Pincus, in partnership with Goldman Sachs Alternatives and Sixth Street; the amount was not disclosed. Founder and chief executive David Rallis said the investors understood the strength of Paradigm's surgeon-owned and surgeon-led model, and Warburg Pincus managing director Adam Krainson said the firm was pleased to support the next phase of growth. The company said the transaction reinforced its commitment to clinical care, investment in technology and training, and expansion through additional clinics while preserving its surgeon-owned structure. Paradigm was founded in 2018 by David Rallis, DDS, MD, and is headquartered in Lincoln, Nebraska. It is an oral surgery and digital dentistry platform that partners with oral surgeons to provide dental implant and other oral surgery services, and its network spans 34 states. Revenue comes from oral surgery and related dental procedures performed in its clinics. BlackRock Long Term Private Capital had invested in the company in 2022. |
Who has invested in Paradigm Oral Surgery?
3 investors have backed Paradigm Oral Surgery across its funding rounds, including Goldman Sachs, Warburg Pincus and Sixth Street.
Lead investors include Warburg Pincus.
Paradigm Oral Surgery Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialParadigm Oral Surgery Competitors
Paradigm Oral Surgery competitors include listed companies like Shanghai Haohai, LifeTech Scientific and Obsidian Therapeutics, and private ones like Synchron, ZD Medtech and Ankon Medical Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $900M | - | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $367M | $59M | $921M | 1.9x | ||
| Private | - | - | $870M | - | ||
| Publicly listed | $206M | $37M | $931M | - | ||
| Publicly listed | - | ($104M) | $856M | - |
Paradigm Oral Surgery Public Comps
Paradigm Oral Surgery is no longer listed, but its public comps include Mani Inc., Terveystalo, Shanghai Haohai, Dr. Sulaiman Al Habib Medical Services, Clinica Baviera, Al Hammadi Holding, LifeTech Scientific, Obsidian Therapeutics, MedCap and Beta Bionics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $189M | $59M | 3.9x | 3.5x | 12.5x | 9.3x | |||
| $1.4B | $259M | 1.1x | 1.2x | 6.2x | 6.6x | |||
| $367M | $59M | 1.8x | 1.9x | 10.9x | 10.4x | |||
| $410M | $110M | 2.6x | - | 9.8x | - | |||
| $338M | $95M | 2.6x | 2.4x | 9.2x | 8.4x | |||
| $329M | $98M | 3.0x | 2.8x | 10.1x | 10.8x | |||
| $206M | $37M | 3.6x | - | 20.1x | - | |||
| - | ($104M) | - | - | (10.9x) | - | |||
This data is available for Pro users. Sign up to see all Paradigm Oral Surgery competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Paradigm Oral Surgery
| When was Paradigm Oral Surgery founded? | Paradigm Oral Surgery was founded in 2019. |
| Where is Paradigm Oral Surgery headquartered? | Paradigm Oral Surgery is headquartered in Lincoln, NE, United States. |
| Is Paradigm Oral Surgery publicly listed? | No, Paradigm Oral Surgery was acquired by BlackRock in September 2022. |
| Who acquired Paradigm Oral Surgery? | Paradigm Oral Surgery was acquired by BlackRock in September 2022. |
| How much was Paradigm Oral Surgery acquired for? | Paradigm Oral Surgery was acquired for $900M in September 2022. |
| What was Paradigm Oral Surgery's last funding round? | Paradigm Oral Surgery's last funding round was a undisclosed-stage round in July 2026, led by Warburg Pincus. |
| Who are Paradigm Oral Surgery's investors? | Paradigm Oral Surgery's investors include Sixth Street, Goldman Sachs and Warburg Pincus. |
| Which companies are comparable to Paradigm Oral Surgery? | Companies comparable to Paradigm Oral Surgery include Synchron, ZD Medtech, Shanghai Haohai, Ankon Medical Technologies, LifeTech Scientific and Obsidian Therapeutics. |
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