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November 05, 2012
CHS Capital Agrees to Sell Its Investment in Heartland Dental Care

CHS Capital™ a Chicago-based private equity firm, agreed to sell its investment in Heartland Dental Care to Ontario Teachers’ Pension Plan.

Headquartered in Effingham, Illinois, Heartland Dental Care is a leading provider of practice management services to over 375 dental offices in 21 states. Heartland Dental Care provides over 500 affiliated dentists with business leadership training and practice support services including administrative staffing, human resources, purchasing, marketing, administration, financial and information technology.

CHS Capital made its investment in Heartland Dental Care in 2008 and worked closely with founder and CEO Dr. Rick Workman and the management team to improve internal processes and systems, assist in improving and streamlining the administrative support services and provide guidance in further building the management team. These efforts enabled Heartland Dental Care to provide enhanced support of affiliated dentists who could then focus on providing exceptional patient care.

“We could not have asked for better partners than Dr. Rick Workman and the Heartland Dental Care management team,” said Tom Formolo, Partner at CHS Capital. “Our collaborative efforts helped the company position itself well for continued success."

“CHS Capital added tremendous value to our business over the last four years,” said Dr. Rick Workman, CEO of Heartland Dental Care. “Their experience in building businesses and the support they provided through a sophisticated and strategic board of directors helped guide us as we grew the business.”

Moelis & Company and Jefferies & Company, Inc. 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 assists companies in developing strategic growth through human capital enhancements and performance improvement actions. Throughout its history, CHS Capital has made investments in over 380 businesses and invested $2.9 billion of capital. For additional information, please visit