KKR Recapitalizes DentalXChange to Advance Dental Revenue Cycle Management

KKR announces recapitalization of DentalXChange, a leading provider of revenue cycle management solutions for the US dental market. The investment aims to accelerate growth, innovation, and automation within the company, with a focus on expanding the use of AI and automation to streamline administrative tasks and improve provider workflows. Bregal Sagemount exits its investment, marking a successful partnership with DXC.

KKR, a leading global investment firm, has announced the recapitalization of DentalXChange (DXC), a prominent provider of revenue cycle management (RCM) solutions for the U.S. dental market. The investment aims to accelerate growth, innovation, and automation within the company, with a focus on expanding the use of AI and automation to streamline administrative tasks and improve provider workflows.

In connection with the transaction, Bregal Sagemount exited its investment in DXC, following a successful strategic partnership with the company. The recapitalization will be supported by KKR, which will provide deep expertise in the dental landscape and extensive industry networks to drive DXC's next phase of growth.

DXC has been a critical technology partner in the dental ecosystem for over three decades, facilitating more than two billion transactions annually and helping stakeholders navigate the complexities of dental RCM. The company's comprehensive product suite, combined with strong collaboration with payers, providers, and practice management system partners, has enabled DXC to deliver significant efficiencies in the ecosystem.

Hunter Craig, Managing Director at KKR, stated, "We seek opportunities where we can serve as differentiated partners with management teams to build world-class businesses that can positively impact the healthcare system. We have long admired the important role that DXC plays in the dental value chain, with its robust network and best-in-class solution set."

KKR's investment will support DXC in creating a broad-based equity ownership program, which will provide equity to all employees at the company. This strategy aims to engage employees through ownership, fostering stronger companies.

DentalXChange will continue to operate under its current leadership team, led by CEO Paul Kaiser. The company aims to expand its use of automation and AI to reduce administrative complexity, enhance provider workflows, and create a seamless payer experience.

Blair Greenberg, Partner at Bregal Sagemount, expressed pride in the partnership, stating, "It has been a privilege to partner with the DXC team and support the Company’s growth through key investments in technology and talent."

KKR is making its investment in DentalXChange through its Ascendant Fund, which invests in middle market businesses in North America as part of KKR’s Americas Private Equity platform.

References:
[1] https://www.businesswire.com/news/home/20250806866474/en/DentalXChange-Announces-Recapitalization-with-KKR-to-Advance-Technology-and-Innovation-in-Dental-Revenue-Cycle-Management