Effingham, Ill.-based Heartland Dental and KKR finalized its agreement for KKR to acquire majority interest in Heartland Dental from Ontario Teachers' Pension Plan.
Here are five things to know.
1. Under the agreement, Ontario Teachers' will retain sizeable ownership and continue as a significant partner to the company.
2. Heartland Dental's Executive Chairman Rick Workman and the rest of the executive leadership team will remain significant shareholders.
3. Along with the KKR acquisition, Heartland Dental completed a debt offering to improve financial flexibility.
4. KKR is a global investment firm that managers multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit.
5. Heartland Dental is the largest dental service organization in the U.S. with more than 850 supported dental offices throughout 35 states.
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Here are five things to know.
1. Under the agreement, Ontario Teachers' will retain sizeable ownership and continue as a significant partner to the company.
2. Heartland Dental's Executive Chairman Rick Workman and the rest of the executive leadership team will remain significant shareholders.
3. Along with the KKR acquisition, Heartland Dental completed a debt offering to improve financial flexibility.
4. KKR is a global investment firm that managers multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit.
5. Heartland Dental is the largest dental service organization in the U.S. with more than 850 supported dental offices throughout 35 states.
More articles on DSO + DPMs:
5 things to know about Pacific Smiles Group CEO John Gibbs
5 things to know about Smile Brands Chief Dental Officer Dr. Robert Crim
Dentists No. 1 opioid provider to younger patients in Detroit: 5 things to know