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Heartland Dental Announces Strategic Investment in 123Dentist

By Heartland Dental

Heartland Dental Announces Strategic Investment in 123Dentist
Heartland Dental’s first investment outside of the United States to help develop one of the largest dental support organizations in Canada
Heartland Dental will share a full suite of world-class, non-clinical support capabilities with 123Dentist, a complementary doctor-led, patient-first organization

Heartland Dental, the nation's leading dental support organization (DSO), today announced that it has signed an agreement to invest in 123Dentist along with lead investment partners KKR and Peloton Capital Management.


Heartland’s investment comes as part of the announced strategic business combination between 123Dentist, Altima Dental and Lapointe Group, which, when consummated, would create one of the largest dental support organizations in Canada, with nearly 350 supported dental practices across the country. The combined organization will retain the name 123Dentist.


This strategic investment is Heartland Dental’s first in a DSO outside of the United States. Through the partnership, Heartland Dental and 123Dentist will work together to support the expansion of education and training at 123Dentist, leveraging the breadth and depth of Heartland’s world-class continuing education programs, including leadership development, coaching, and classroom / online education. As part of the Heartland Dental network of supported practices, 123Dentist supported doctors will receive access to over 80 CE programs provided to Heartland Dental supported doctors and team members annually. Unlike any other continuing dental education program, Heartland Dental’s offerings focus on three disciplines – clinical, operational, and leadership, and 123Dentist supported doctors will benefit from courses such as Clinical Essentials and Leadership Fundamentals and Clear Aligner Fundamentals.


Heartland Dental’s deep relationships with leading dental manufacturers and distributors will support the offering of an expansive, world-class formulary of clinical supply, equipment, and clear aligner options to 123Dentist-supported doctors and providers.
The 123Dentist-Altima Dental-Lapointe Dental business combination as well as the Heartland Dental investment in the combined company are subject to customary closing conditions, including Canadian regulatory approval, and expected to close in the third quarter of 2022. Ropes & Gray LLP is acting as legal advisor to Heartland Dental in the transaction.

 

 

 

Tags: Dental Support Organization, Heartland Dental, In the News