Phase 1 Equity, based in New York, announced that it acquired an independent orthodontics practice in Texas.
While the specific office locations of the practice were not disclosed, the practice operates out of multiple locations in Texas. It is known for delivering care through advanced technology, including 3D imaging, an in-house lab and a wide range of treatment options. Nothing else was disclosed.
Phase 1 Equity is a doctor-owned, doctor-led private equity firm for orthodontists and pediatric dentists. The group was founded in 2022.
The addition of the orthodontics practice bolsters Phase 1’s presence in Texas. Financial terms of the deal were not disclosed.
“This partnership reflects exactly why we built Phase 1 Equity,” said Mike Rice, CEO of Phase 1 Equity. “We’re creating a network where like-minded doctors can retain full clinical control, continue to build on what they’ve already created, and access the resources they need to grow – without giving up any ownership of their practice. With this new addition, we’re now twelve locations strong, and still guided by the same principles: autonomy, collaboration, and a shared commitment to doing what’s best for our patients.”
According to data captured in the LevinPro HC database, this transaction represents the 135th Physician Medical Group acquisition of 2025, and the 63rd in the dental specialty. There were 242 dental transactions announced in 2024, and 181 announced in 2023.
