EFFINGHAM, Sick., May 14, 2021 /PRNewswire/ — Heartland Dental, the nation’s foremost dental guidance organization (DSO), now declared that it has signed an agreement to enter into a strategic transaction with American Dental Companions Included (ADPI). Primarily based in Wakefield, Massachusetts, ADPI is a leading DSO that supports 23 dental team tactics spanning 278 locations across 21 states.
The strategic transaction expands the community of doctor leaders inside of the Heartland Dental community and the skill for these leaders to gain support when providing high-good quality oral overall health care to a lot more sufferers. By way of the strategic transaction, Heartland Dental and ADPI will have a mixed network of in excess of 2,300 supported dentists, in additional than 1,400 locations across 38 states nationwide.
“We are thrilled to bring alongside one another two historic industry leaders to further more physician-led, higher-high-quality oral health treatment,” stated Patrick Bauer, Heartland Dental President and CEO. “Heartland and ADPI share a mission to support dentists and their teams in providing the best top quality individual treatment and activities to the communities they provide. Together, we will have expanded geographic reach and operational methods to supply unparalleled value and guidance to medical doctors.”
Heartland Dental and ADPI are two top DSOs with complementary missions, cultures, and corporations. ADPI brings an expansive system of significant-good quality methods, which include lots of that are accredited by the Accreditation Affiliation for Ambulatory Health Treatment (AAAHC). Heartland Dental is very well known for the considerable means and aid it provides to dental techniques, which include the nation’s best CE and leadership schooling with point out-of-the-art gear, efficient obtaining techniques, and technology.
Notably, upon closing ADPI doctors and workforce customers will gain immediate access to Heartland Dental’s educational offerings, including CE and leadership training, furnishing opportunities for supported doctors and group members to enrich ability degrees and occupation advancement.
“We are energized to be joining Heartland Dental’s network, which provides expansive resources to our supported medical practitioners and crew associates, strengthening their dental practices and enabling the ideal care to their patients,” reported Kevin Trexler, ADPI CEO. “Our culture compatibility—dedicated to supporting physicians and our team members—is the foundation for supporting dental providers as the nation’s primary DSO.”
The transaction is matter to customary closing ailments and is predicted to close in the next quarter of 2021. Heartland has entered into a motivation letter (the “Dedication Letter”), dated as of May possibly 12, 2021, with Jefferies Finance LLC, KKR Cash Marketplaces LLC and KKR Company Lending LLC (collectively, the “Determination Functions”), pursuant to which, topic to the conditions and problems established forth therein.
Ropes & Gray LLP is performing as legal advisor to Heartland Dental in the transaction.
ADPI is being suggested by Harris Williams.
About Heartland Dental
Heartland Dental was launched in 1997 by Rick Workman, DMD. Currently, the Effingham, IL-based company is the nation’s largest dental support firm supplying non-medical, administrative guidance companies to above 1,150 dental workplaces throughout 38 states. Heartland Dental supports dentists as they produce large excellent treatment across a spectrum of dental services, and is the greater part owned by KKR, a top international expenditure company. For further information and facts, remember to go to the business on the net at heartland.com.
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Media Contacts:
Heartland Dental
Christy Hakman, Firm Communications
(217) 821-5287 or [email protected]
American Dental Associates, Inc.
Mark Rutherford, Vice President, Marketing
(781) 213-0268 or [email protected]
Resource Heartland Dental
