January 4, 2022
by Benefits Canada
The Ontario Teachers’ Pension Plan has sold a majority interest in Heartland Dental to global investment firm KKR & Co.
The pension fund acquired a majority position in the U.S.-based dental support organization in 2012 and has seen a 126 per cent increase in supported practice revenues since that time, according to a news release. The Ontario Teachers’ will retain a sizeable ownership and continue as a partner in Heartland Dental, while its founder and executive chairman Dr. Rick Workman, president and chief executive officer Patrick Bauer, as well as supported dentists and employees, will also remain shareholders.