Dental RCM company DentalXChange announced a recapitalization event, led by global investment firm KKR.
The firm has invested in DentalXChange through its Ascendent Fund, which invests in North American middle market business, according to an Aug. 6 news release from KKR.
DentalXChange facilitates more than 2 billion transactions annually. The company has a current base of nearly 200,000 dental providers and is connected to nearly 1,400 payer plans.
Through the recapitalization, KKR will work with DentalXChange to create a broad-based equity ownership program, which will provide equity to all of DXC’s employees.
In connection with the transaction, Bregal Sagemount, a private equity firm, has exited its investment in DentalXChange, following a successful strategic partnership, the release said.
