New York, January 12, 2022–(BUSINESS WIRE)– The Beekman Group is pleased to announce that a subsidiary of Beekman Investment Partners IV (“Beekman”) has acquired P&R Dental Strategies (“P&R” or “Company”), the leading provider of dental business intelligence insights. Dedicated, actionable and claims review services to support a diverse range of dental industry stakeholders, along with the P&R management team. Beekman’s investment will support P&R’s accelerated growth in existing and new markets.
Founded in 1996, P&R has become the market leading provider of big data analytics to the dental industry. P&R uses multiple, proprietary data assets and advanced analytics to provide valuable insights to dental payers and suppliers. Beekman has partnered with the existing P&R management team, which will continue to lead the growth of the business under Beekman’s ownership.
Paul T. Shells, CEO of P&R, stated, “We are delighted to partner with The Beekman Group. Their experience and track record in the dental services and business services sectors were clear differentiators as we evaluated our equity partners. We look forward to partnering together to realize our strategic growth plans.”
“We are deeply impressed by P&R’s unique leadership position in the dental market and look forward to partnering with Paul and the rest of the P&R management team.” Andrew Brown, Managing Director of Beekman, added, “Our company’s proprietary databases and unique ROI solutions create a compelling value proposition for its clients. We will continue to support P&R technology innovation initiatives such as DentaQual®, the dental industry’s number one objective quality assessment platform, and Pronto®’s successful intelligent claims selection platform, enhancing P&R’s informatics products using artificial intelligence and machine learning technology.”
TripleTree, LLC acted as the exclusive financial advisor to P&R Dental Strategies for this transaction. P&R’s closing in late December capped the busiest quarter in Beekman’s 18-year history, closing in more than half a billion dollars in mid-market transactions via private equity funds, including new investments, divestitures, and dividend recapitalizations.
About the Beckmann Group
The Beekman Group is a private equity firm, headquartered in New York City, that focuses on building leading companies in the healthcare, business services, and consumer sectors. The company collaborates with management teams who want to be a valued owner and create meaningful value by accelerating organic growth and acquisition initiatives. Beekman manages $1 billion in assets and has completed more than 130 transactions since its inception. For more information, please visit www.thebeekmangroup.com.
About Dental P&R Strategies
P&R Dental Strategies is the leading dental insights company that delivers customized, actionable business intelligence powered by DentaBase®, our national payment-for-service claims database. P&R Dental Strategies’ flexible, cutting-edge technology platform provides an enterprise-wide suite of quality measurement, business forecasting, claims review and usage management, provider profiling, fraud and abuse prevention, and network development solutions for clients seeking cost containment and increased efficiency. across their business. P&R Dental Strategies clients can count on the support of an industry-leading team of dentists, consultants and statisticians to focus on their unique challenges.
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