Coming off the heels of an acquisition in Ohio, Phase 1 Equity announced that it is continuing its expansion with the acquisition of a New Jersey practice. Other than its location, nothing else was disclosed about the orthodontic practice.
Phase 1 Equity is a doctor-owned, doctor-led private equity firm for orthodontists and pediatric dentists. It was founded in 2022 by DuneGlass Capital.
This marks Phase 1 Equity’s seventh practice added in 2025, its 18th doctor to join the platform and brings total locations to 25. The financial terms of the transaction were not disclosed.
Additionally in 2025, Phase 1 Equity has acquired practices in California, Pennsylvania, Louisiana, Tennessee and Texas.
According to data captured in the LevinPro HC database, this transaction represents the 332nd Physician Medical Group (PMG) acquisition of 2025 and the 170th in the dental specialty. At more than 51%, dental accounts for the largest portion of PMG transactions in 2025. There were 242 dental transactions reported in 2024, and 180 in 2023.
This also marks the third dental practice to be acquired in New Jersey since the start of 2025. In 2024, there were seven transactions involving New Jersey dental practices.
