Private equity-backed firm acquires pediatric dental ASCs

Blue Cloud Pediatric Surgery Centers was acquired by The Rise Fund, an investment company of private equity firm TPG.

Blue Cloud operates 15 pediatric dental ASCs across six states. It serves more than 23,000 patients per year, most of whom are covered by Medicaid or have special needs. It performs more pediatric dental procedures per year than any provider in the U.S., according to a Feb. 28 news release.

The Rise Fund said its acquisition will support Blue Cloud's expansion efforts.

Details of the transaction were not disclosed.

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