Ontario Teachers’ Agrees to Buy Stake in Heartland Dental
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Ontario Teachers’ Pension Plan, Canada’s third-largest pension fund, agreed to buy a majority stake in Heartland Dental Care Inc. for an undisclosed price.
Heartland Dental Care founder Richard Workman will retain a “significant” minority stake together with management and employees, according to a statement today by the Effingham, Illinois-based dental service company. The deal values the company at about $1.3 billion, according to people with knowledge of the matter.