Heartland Dental signs over majority stake to KKR: 5 insights

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KKR will acquire a majority interest in Heartland Dental from Ontario Teachers' Pension Plan.

Here are five insights:

1. While the financial terms of the agreement were disclosed, Heartland Dental CEO Patrick Bauer will remain at the helm of the organization.

2. Ontario Teachers' will retain sizable ownership and will continue as a significant partner of Heartland Dental. In 2012, Ontario Teachers' was the first outside investor to take a majority position in the DSO.

3. Heartland Dental's supported practices generated an estimated $1.3 billion in revenues at the end of 2016. This is a 126 percent increase in the five years since Ontario Teachers' acquired its majority stake.

4. Supporting more than 1,300 dentists, Heartland Dental is affiliated with 840-plus dental practices across 35 states.

5. The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2018.

More articles on DSO + DPMs:
5 things to know about Great Expressions Dental Centers CEO Dan Hirschfeld
5 things to know about Heartland Dental CFO Travis Franklin
Aspen Dental to open 2nd headquarters in Chicago: 4 things to know

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