Effingham Daily News, Effingham, IL

Local News

November 6, 2012

Heartland Dental Care sale pending

EFFINGHAM —     The pending sale of a majority interest in Heartland Dental Care to a Canadian teachers’ pension plan isn’t expected to affect the dental administration firm’s local presence.

    “Heartland will maintain its current management personnel and corporate office in Effingham,” said Chad Thompson, vice president of administration. “We’re also looking forward to our expansion and the new employees we plan to add as a result of that expansion.”

    Heartland is building an expansion to its location on the Interstate 57-70 frontage road in northeast Effingham.

    The company announced Monday that it had agreed to sell a majority stake in the company to Teachers’ Private Capital, the investment division of Ontario Teachers’ Pension Plan.

    Plan spokeswoman Deborah Allan said Monday her group had no plans to make major operational changes that would reduce the Heartland footprint in Effingham.

    “We’re there as an investor,” Allan said. “We like the management and the company.

    Thompson said in a news release that company founder and CEO Dr. Rick Workman will retain a “significant” minority stake in the company along with management and employees.

    Heartland declined to disclose sale terms.

    Workman said in a news release that the sale will enable Heartland’s continued growth.

    “Having Teachers’ as a partner will provide us with a stable platform to continue to grow,” Workman said.

    Jane Rowe, senior vice president of Teachers’ Private Capital, said Heartland is a good fit for her clients.

    “Our investment in Heartland Dental Care is supported by favorable fundamentals and demographics,” Rowe said. “We look forward to working with Dr. Workman and Heartland Dental Care’s excellent management team.”

    Moelis & Company and Jefferies & Company Inc. advised Heartland during the transaction process.

    Heartland provides operational support for more than 375 dental practices in 21 states. Services include administrative staffing, human resources, administration, financial and information technology.

1
Text Only
Local News
  • Complex support divides council All indications at Tuesday’s special meeting of the Effingham City Council indicates Effingham Park District will not get the $1 million it is asking for to help build the Richard E. Workman Sports and Wellness Center.In fact, Mayor Merv Gillenwater

    July 30, 2014

  • Correction It was incorrectly reported in Saturday’s Effingham Daily News that federal sex crime suspect Nathan Maphis was at large. Maphis is being held in Madison County Jail. The newspaper erred. Bill Grimes can be reached at 217-347-7151, ext. 132, at bill.

    July 30, 2014

  • tony- community garden 2 Learning and growing together The installation of a Effingham Community Garden sign marks the growing success of a common place for Effingham residents to cultivate plants and produce.“We have 23 large plots and two small plots out here this year,” said University of Illinois Mas

    July 30, 2014 2 Photos

  • 7-30 kitchen fire pic Kitchen fire damages home An unattended kitchen stove led to a full-still fire call at 507 Park Hills Drive Tuesday afternoon.A passerby made a 911 call and reported visible smoke from the eaves of the home at 1:16 p.m. Arriving on scene, Effingham firefighters entered the ho

    July 30, 2014 1 Photo

  • Man fatally shot in Pana standoff, officer wounded

    Illinois State Police(ISP) and Christian County Sheriff's Office are investigating a shooting that occurred on Tuesday, July 29, in rural Christian County that involved ISP SWAT, a Pana Police officer and an armed offender.

    July 29, 2014

  • City to determine contribution A request by Effingham Park District representatives for a million dollars to help construct the Richard E. Workman Sports and Wellness Center is being considered at a special Effingham City Council meeting this evening.Some commissioners questioned

    July 29, 2014

  • 7-29 Filming PRIMARY Effingham grad returns to make film Travis Long says he learned a lot from directing his first full-length feature several years ago.“Kill Me Now was a learning experience, both in shooting and distribution,” the 1998 Effingham High School graduate said.With a full production crew and

    July 29, 2014 2 Photos

  • McCarter.jpg Some lawmakers donate pay

    Illinois lawmakers restoring their pay after years of furlough days has prompted some state representatives to give back to their communities — a move some local lawmakers call a political one.

    July 27, 2014 3 Photos

  • Distance learning catching on in area

    In what appears to be a growing trend among rural school districts, a third area school district may join an existing academic cooperative.

    July 27, 2014

  • Joshua Robison.jpg Opinion: God doesn't care about party affiliation

    Reflecting on what we politely refer to in this country as “political discourse,” I am often struck by how convinced many people seem to be that their sides' specific policies and personalities are the only way to save us all from utter ruin.

    July 27, 2014 1 Photo

AP Video
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.