Effingham Daily News
While international news services are reporting that Heartland Dental Care is for sale in a potential 10-figure deal, a Heartland executive said Wednesday that no deal would affect the local presence of the dental practice management giant.
“We want the people of Effingham to know that we are committed to Effingham,” said Chad Thompson, the company’s vice president of administration.
Thompson declined to comment on the potential deal, but international news service Reuters reported earlier this week that private equity firms KKR & Co., Apax Partners and Madison Dearborn Partners have bid for Heartland Dental. Reuters said the sale price could reach $1.3 billion.
Heartland is building a 40,000-square foot addition for more office and training space. The company regularly hosts training sessions for dentists, hygienists and dental assistants with practices managed by Heartland. Recently, those sessions have been held at Thelma Keller Convention Center because the Heartland facilities are too small to handle the increased demand.
“We’re excited about our expansion and continued growth,” Thompson said.
Thompson confirmed that company founder Dr. Rick Workman is expected to remain as CEO after the deal is completed. Reuters reported that Workman, Heartland employees and CHS Capital Partners each own a third of the company.
Heartland Dental manages more than 370 dental practices in 19 states.
Bill Grimes can be reached at 217-347-7151, ext. 132, or at email@example.com.