EFFINGHAM, Ill., Jan. 27, 2021 /PRNewswire/ -- Building upon its
record-setting growth of adding more than 150 newly supported
offices in 2020, Heartland Dental announced ambitious plans for
further group practice affiliation opportunities across the nation
this year.
Heartland Dental engaging with brokers, bankers and advisors to
explore transition strategies for their dental clients.
Augmenting its 20+ year record of leadership, Heartland Dental
will continue to advance its best-in-class DeNovo and single-office
affiliation growth at higher levels, while adding expertise in
affiliating with group practices and regional dental support
organizations (DSO). Heartland's affiliation team is not only
working with owner doctors, but also actively engaging with
brokers, investment bankers and financial advisors to explore
transition strategies for their dental clients and their
investments, while also creating new opportunities to burnish their
legacy by improving and expanding the support they provide to their
doctors and teams.
Heartland Dental now supports more than 1,800 dentists in over
1,150 offices across 38 states, with the following milestone
affiliations and acquisitions completed in 2020:
- Tru Family Dental in Illinois and Michigan, an acquisition inked in late
December which included 23 supported offices.
- Mosaic Dental in Minneapolis,
Minnesota added four supported offices.
- Forum Dental in Missouri, which included six supported offices
throughout the state.
- Research Triangle Dental in Durham, North Carolina, is a long-standing
beacon of high-quality oral care in its community.
Several of these and other opportunities were referred to
Heartland Dental by intermediaries whose clients are seeking the
world-class growth, administrative relief, and liquidity options
for which Heartland Dental is known. Doctors trust that their
legacy in the communities they serve will continue to thrive with
the support of Heartland Dental.
Livingstone, an international mid-market M&A and debt
advisory firm, advised Research Triangle Dental on its recent
affiliation with Heartland Dental. "Based on our success in selling
dental practices, we knew Heartland Dental's strong culture,
doctor-led approach, and deep experience affiliating with private
practices was ideally aligned with our client's specific transition
needs," said Ryan Buckley, Partner
at Livingstone. "Within 65 days from first contact to closing,
Heartland's affiliation team provided a solid valuation of both the
non-clinical and clinical assets, developed rapport with RT
Dental's providers and employees, and executed an efficient,
non-disruptive diligence investigation. Our client was proud to
have completed a transaction with the industry's largest DSO."
"Our doctor-led culture and full-range of support positions us
as the leading transition solution for successful dental practice
owners," explained Mark Greenstein,
EVP and Chief Growth Officer for Heartland Dental. "We're finding
one of the biggest pain points for doctors and group owners is
growing infrastructure to scale – namely day-to-day operational
challenges such as talent acquisition, employee management,
clinical education offerings and marketing services. For over 20
years, Heartland Dental has invested in developing world-class
capabilities in these areas and is the best option for dentists and
sellers to realize the full value of their work while providing
growth opportunities to their associates and teams."
Single offices and groups affiliating with Heartland Dental have
found immediate access to increased resources and support services
including drawing on the nation's most comprehensive continuing
education programs, leadership training opportunities,
state-of-the-art equipment, best-in-class operational efficiencies,
and superior benefits. "Our business model provides all supported
doctors an opportunity to not only gain immediate relief from their
day-to-day non-clinical administrative burdens, but also the
ability to utilize our proven systems and processes so they can
deliver exceptional oral care to their patients, and maximize their
own clinical and economic growth now, and into the future," added
Greenstein.
Dr. John Mittelsteadt, a
dental-entrepreneur who affiliated his Mosaic offices with
Heartland Dental, said, "We were attracted to Heartland Dental
because of its commitment to our dental team and to continuing our
30-year mission of community service. Affiliating with Heartland
has also brought us standout advantages including expanded benefits
and enhanced continuing education and leadership opportunities for
supported doctors and teams."
Heartland Dental provides non-clinical administrative support so
dentists and their teams can focus on delivering high-quality
clinical care and excellent patient experiences. Heartland's
support includes assistance with human resources, marketing, IT,
supplies, insurance credentialing, accounting, and more. The
company is also widely known for providing supported doctors and
hygienists with an abundance of continuing education programs and
leadership development opportunities.
About Heartland Dental
Heartland Dental is the nation's largest dental support
organization providing non-clinical, administrative support
services. What started from the entrepreneurial spirit of
Rick Workman, DMD, with his single
dental practice, has evolved into supporting over 1,800 dentists in
more than 1,150 dental offices across 38 states. The company is
majority owned by KKR, a leading global investment firm. For
additional information, please visit the company online
at heartland.com. Follow us
on LinkedIn, Facebook, Twitter,
and Instagram.
Media Contact:
Christy
Hakman, Company Communications
(217) 821-5287 or chakman@heartland.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/heartland-dental-builds-on-transformational-year-with-accelerated-growth-plans-for-2021-301216674.html
SOURCE Heartland Dental