Paradigm Oral Health Announces Surgeon-Led Buyback, Backed by Warburg Pincus-Led Investor Group

Rhea-AI Summary

Paradigm Oral Health announced a surgeon-led buyback of BlackRock Long Term Private Capital's ownership stake, restoring majority control to its surgeons and management. The recapitalization is supported by a significant investment led by Warburg Pincus, alongside Goldman Sachs Alternatives and Sixth Street, via the Warburg Pincus Capital Solutions Founders Fund.

Founded in 2018 by CEO Dr. David Rallis, Paradigm operates more than 170 facilities across the U.S. with over 220 surgeons. According to Paradigm, the transaction is intended to reinforce its surgeon-owned, surgeon-led model, advance clinical technology and education, and support further clinic expansion.

Positive

• Surgeons regain majority control through buyback of BlackRock LTPC stake
• New capital commitment from Warburg Pincus, Goldman Sachs Alternatives, and Sixth Street
• Scaled platform with 170+ facilities and 220+ surgeons across the U.S.

Negative

• None.

News Market Reaction – GS

-2.14%

-2.14% Session close to close

In the Jul 23 session, GS declined 2.14%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

GS's recent history recorded positive reactions of 1.16% and 1.06% to alternatives-related headlines...

Analysis

GS's recent history recorded positive reactions of 1.16% and 1.06% to alternatives-related headlines. That record frames the Paradigm investment as another data point; recent insider net selling remains a risk factor to watch.

Key Figures

Founded: 2018 Facilities: more than 170 facilities Surgeons: over 220 surgeons +5 more

8 metrics

Founded 2018 Paradigm Oral Health founding

Facilities more than 170 facilities Paradigm network across the United States

Surgeons over 220 surgeons Paradigm team

Warburg Pincus assets more than $105 billion assets under management

Active portfolio companies more than 225 companies Warburg Pincus active portfolio

Companies invested in more than 1,100 companies Warburg Pincus investment history

Healthcare investment over $20 billion Warburg Pincus healthcare investments

Goldman Sachs Alternatives assets over $645 billion Goldman Sachs Alternatives platform

Historical Context

5 past events · Latest: Jul 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 22	AEGIS acquisition	Positive	+1.2%	Goldman Sachs Alternatives became AEGIS's institutional investment partner; financial terms were not disclosed.
Jul 20	Steel Dynamics earnings	Positive	+2.9%	Second-quarter results included $6.1 billion net sales and $3.69 diluted EPS.
Jul 15	Spectro Cloud financing	Positive	+1.1%	Goldman Sachs Alternatives led an oversubscribed $100 million Series D financing.
Jul 7	GSBD earnings scheduling	Neutral	-1.3%	Company scheduled second-quarter results for August 6 and conference call August 7.
Jul 2	Employee benefit program	Positive	+0.1%	Goldman Sachs announced $1,000 matching contributions for eligible employee families.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

GS's recorded reactions were positive for four of five recent events, while the earnings-date notice was followed by a negative reaction.

Key Terms

buyback, assets under management

2 terms

buyback financial

"today announced a buyback of BlackRock Long Term Private Capital's ownership stake"

A buyback is when a company uses cash to purchase its own outstanding shares from the market, reducing the number of shares available to other investors. Like a bakery buying back coupons to concentrate value among fewer customers, buybacks can raise earnings per share and often signal management’s confidence, but they also use cash that could otherwise fund growth or dividends, so investors watch them to judge balance between returns and long-term investment.

View in glossary

assets under management financial

"the firm has more than $105 billion in assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LINCOLN, Neb., July 23, 2026 /PRNewswire/ -- Paradigm Oral Health ("Paradigm" or the "Company"), a leading oral surgery and digital dentistry platform, today announced a buyback of BlackRock Long Term Private Capital's ("BlackRock LTPC") ownership stake, returning majority control to its surgeons and management. The transaction is backed by a significant investment led by Warburg Pincus, in partnership with Goldman Sachs Alternatives and Sixth Street. It reinforces Paradigm's continued commitment to delivering excellent clinical care, investing in innovative technology and advanced training, expanding access through additional clinics, and preserving its surgeon-owned and surgeon-led model.

Founded in 2018 by David Rallis, DDS, MD, Paradigm has developed an industry-leading model designed to attract, support and retain best-in-class oral surgeons. Today, Paradigm operates a network of more than 170 state-of-the-art facilities across the United States, with a team of over 220 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.

"This is an important milestone for Paradigm and for the surgeons who have built this platform into what it is today," said Dr. David Rallis, Founder and Chief Executive Officer of Paradigm. "We are excited to partner with Warburg Pincus and our new investors, who understand the strength of our surgeon-owned and surgeon-led model, the quality of our clinical culture and the significant opportunity ahead. We are grateful to BlackRock LTPC for their partnership and support in helping us reach this point and are excited to continue delivering exceptional clinical care to patients across the country."

"Paradigm has built a highly differentiated, surgeon-led clinical model that combines excellent patient care with advanced education, robust clinical technology and a surgeon-first culture. We are thrilled to support Dr. Rallis and the Paradigm team in this next phase of growth," said Adam Krainson, Managing Director, Warburg Pincus. "This investment reflects our focus on partnering with high-quality healthcare businesses that have strong clinical foundations, meaningful growth potential and exceptional leadership teams, while providing flexible capital to support long-term growth." added José Arredondo, Managing Director, Warburg Pincus. The investment is being made by the Warburg Pincus Capital Solutions Founders Fund ("WPCS FF").

Jefferies served as financial advisor to the Company and BlackRock LTPC and Goodwin Procter LLP served as legal advisor to the Company.  Evercore served as financial advisor and Latham & Watkins LLP served as legal advisor to Warburg Pincus.

About Paradigm Oral Health

Paradigm Oral Health is one of the nation's leading organizations for oral surgery, partnering with elite oral surgeons to deliver exceptional patient care through clinical excellence, innovation and education. By combining surgeon leadership with advanced technology, operational support and a commitment to continuous learning, Paradigm is helping shape the future of the specialty while expanding access to world-class care across the United States. To learn more, visit ParadigmOralHealth.com and Pi2edu.com.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $105 billion in assets under management, and more than 225 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies. Since inception, Warburg Pincus has invested over $20 billion in more than 190 innovative healthcare companies around the world, including Summit Health/CityMD, MB2 Dental, Modernizing Medicine, GHX, Ensemble Healthcare Partners, and Bausch + Lomb.

Warburg Pincus Capital Solutions collaborates closely with the firm's 290+ investment professionals and approximately 75 value creation executives to offer flexible, solutions-oriented capital across sectors and geographies for growth, M&A, balance sheet optimization, and shareholder liquidity. The group works together with domain experts across Warburg Pincus' global industry verticals to source and underwrite bespoke, value additive transactions. Recent investments have included DriveCentric, Cerity Partners, Excelitas Technologies, Global Eggs, MB2 Dental, Madison International Realty, MIAX, MyKaarma, Nord Security, Service Compression, and United Trust Bank.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn and YouTube.

About Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $645 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has more than $4 trillion in assets under supervision globally as of June 30, 2026. Follow us on LinkedIn. 

About Sixth Street

Sixth Street is a global investment firm with over $135 billion in assets under management and committed capital. Sixth Street uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Sixth Street Healthcare and Life Sciences invests thematically throughout the healthcare ecosystem, providing flexible capital solutions to companies addressing our most pressing healthcare challenges and improving patient outcomes. Founded in 2009, Sixth Street has more than 750 team members including approximately 300 investment professionals around the world. For more information, visit www.sixthstreet.com, and follow Sixth Street on LinkedIn.

Contact

Paradigm Oral Health

Will Garin

Will.Garin@paradigmoralhealth.com

Warburg Pincus

Sarah Bloom, Director, Communications

sarah.bloom@warburgpincus.com

View original content:https://www.prnewswire.com/news-releases/paradigm-oral-health-announces-surgeon-led-buyback-backed-by-warburg-pincus-led-investor-group-302832427.html

SOURCE Warburg Pincus LLC

FAQ

What did Paradigm Oral Health announce in its surgeon-led buyback backed by Goldman Sachs (NYSE: GS)?

Paradigm Oral Health announced a surgeon-led buyback of BlackRock LTPC’s stake, restoring majority control to surgeons and management. According to Paradigm, the deal is backed by a Warburg Pincus-led investor group including Goldman Sachs Alternatives and Sixth Street to support long-term growth.

How does the Warburg Pincus-led investment affect Paradigm Oral Health’s ownership structure?

The investment supports Paradigm’s buyback of BlackRock LTPC’s stake, returning majority control to its surgeons and management. According to Paradigm, this structure preserves its surgeon-owned, surgeon-led model while adding flexible capital from Warburg Pincus, Goldman Sachs Alternatives, and Sixth Street.

What role does Goldman Sachs Alternatives (NYSE: GS) play in the Paradigm Oral Health transaction?

Goldman Sachs Alternatives is part of the investor group backing Paradigm’s buyback of BlackRock LTPC’s stake. According to Paradigm, the Goldman Sachs unit participates alongside Warburg Pincus and Sixth Street in providing capital to support future growth and clinical investments.

How large is Paradigm Oral Health’s clinical network after the Warburg Pincus-backed recapitalization?

Paradigm Oral Health reports a network of more than 170 facilities and over 220 surgeons across the United States. According to Paradigm, the new capital aims to further expand clinic access, clinical technology, and advanced training while maintaining its surgeon-led structure.

Why is Paradigm Oral Health emphasizing a surgeon-owned and surgeon-led model after the buyback?

The buyback returns majority control to surgeons and management, which Paradigm views as core to its strategy. According to Paradigm, this model supports a surgeon-first culture, high-quality oral surgery and dental implant care, and ongoing investments in innovation and education.

Which investors are participating alongside Warburg Pincus in the Paradigm Oral Health deal announced July 23, 2026?

The investor group is led by Warburg Pincus and includes Goldman Sachs Alternatives and Sixth Street. According to Paradigm, the investment is being made through the Warburg Pincus Capital Solutions Founders Fund to provide flexible capital for growth and shareholder liquidity.