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The Healthcare Investor Insights on Issues & Trends that Impact Investments in Healthcare & Life Science Businesses

Healthcare & Life Sciences Private Equity Deal Tracker: KKR Acquires Majority Stake in Heartland Dental

Posted in Healthcare Services Investing

KKR has announced it has acquired a majority interest in Heartland Dental.

Heartland Dental, based in Effingham, Ill., is a U.S. dental support organization, providing non-clinical administrative support services to more than 840 offices and 1,300 dentists across 35 states.

Kohlberg Kravis Roberts (KKR) & Co., based in New York, considers investments in all industries, including healthcare. The firm is publicly traded under the ticker symbol KKR. It prefers to invest in a range of debt and public equity investing and may co-invest, seeking a controlling ownership of a company or a strategic minority position.

In this latest example of the continuing investor excitement in the dental industry, KKR is acquiring the stake from Ontario Teachers’ Pension Plan and other existing shareholders, with Ontario Teachers’ retaining sizeable ownership.

Financial terms of the transaction were not disclosed.