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We are a doctor-owned, doctor-led, and doctor-governed private equity partnership

that flips the script on the traditional DSO model

Why Phase 1 Equity

Phase 1 Equity is a doctor-member private equity firm for orthodontists and pediatric dentists. Our platform is owned by our doctor members, governed by our doctor-majority board of directors, and managed by our doctor-led committees – meaning doctors retain complete control. By partnering with like-minded, entrepreneurial doctors wo want to invest in their practices, together we’re building a doctor-centric opportunity to reap private equity-style rewards.

Our unique Doctor Equity™ model and governance structure

Doctor Equity™ model

Phase 1 was created for doctors who want to invest in themselves. Unlike typical DSOs, when partnering with Phase 1, orthodontists and pediatric dentists forgo the early payout; instead, they merge and become owners and shareholders of the platform. Together, we grow our group and grow our individual EBITDA, and when the time is right, we collectively sell to a private equity buyer chosen by our doctor members. At that transaction, each doctor capitalizes their pro-rata share of the private equity-sized return.

Unique governance structure

Our governance model is the only one in the industry with a doctor-majority board of directors and doctors chairing 100% of the platform’s management committees. This means that doctors are in complete control of all clinical and business decision-making at both the practice and platform levels.

The Phase 1 difference

Our unique approach focuses on preparing our member practices for a collective private equity sale, so doctors become the private equity investors and receive the private equity-style multiple.

News & insights

Hear directly from our doctors and leadership team.

Are you ready to invest in yourself?

Learn how we’re putting the power back in the hands of orthodontists and pediatric dentists.