Welsh Carson Anderson & Stowe, a healthcare and technology-focused investment firm, agreed to acquire a majority stake in LIBERTY, a dental benefits administrator. Financial terms were not disclosed. “Today’s announcement is an extraordinary validation of what LIBERTY has been able to accomplish since its founding in 2002. We have pioneered the transformation to value-based care in the dental industry, resulting in improved outcomes, lower cost of care, and higher member engagement. This is another major milestone for LIBERTY and will help us fast-track our investments in technology and our industry-leading dental care management programs to serve even more members," Amir Neshat, LIBERTY CEO.