CHS Capital Completes Sale of Heartland Dental Care
CHS Capital™ a Chicago-based private equity firm, has today completed its sale of Heartland Dental Care to the Ontario Teachers' Pension Plan Board consistent with the previously announced agreement.
Heartland Dental Care is one of the leading dental practice management groups in the United States with over 375 dental practices in 21 states. Based in Effingham, Illinois, Heartland provides dentists with continuing professional education and leadership training as well as management services including staffing, human resources, purchasing, administration, financial, marketing and information technology support.
Since its investment in 2008, CHS Capital worked closely with founder and CEO Dr. Rick Workman to pursue an aggressive affiliation strategy, improve internal processes and systems and provide guidance in further building the management team and board of directors. These efforts enabled Heartland to provide enhanced support for affiliated dentists so they could focus on exceptional patient care.
"Heartland's performance throughout the sale process was exceptional and this transaction caps off a very successful investment for CHS Capital," said Tom Formolo, Partner at CHS Capital.
Dr. Rick Workman, CEO of Heartland Dental Care, said, "CHS was truly a partner in our growth and success."
Moelis & Company and Jefferies served as financial advisors to CHS Capital and Heartland Dental Care.
CHS Capital is a Chicago-based private equity firm with 24 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital accelerates earnings growth and drives value creation through human capital enhancements, performance improvement actions and strategic growth initiatives. Throughout its history, CHS Capital has made investments in over 390 businesses and invested $2.9 billion of capital. For additional information, please visit
www.chsonline.com.
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