TORONTO, Nov. 5, 2012 /CNW/ – Ontario Teachers’ Pension Plan
(Teachers’), through its private equity group, Teachers’ Private
Capital (TPC), today announced an agreement for the acquisition of a
majority stake in Heartland Dental Care, Inc. (Heartland Dental Care or
the Company), one of the largest dental service organizations in the
United States.

As part of the transaction, Heartland Dental Care founder and CEO Dr.
Rick Workman will retain a significant minority position along with
management and employees. Terms of the transaction are not being
disclosed.

Heartland Dental Care is based in Effingham, Illinois, and provides
practice support services to dental offices in 21 states. It provides
over 500 affiliated dentists and their team members with business
leadership training and support services, including administrative
staffing, human resources, purchasing, marketing, administration,
financial and information technology. The Company is currently
expanding its headquarter facilities in Effingham and adding personnel
to support its continued growth.

“Our investment in Heartland Dental Care is supported by favourable
fundamentals and demographics. We have been impressed with their
dedication to providing high-quality support services to dental
practices that reduce the administrative burdens on dentists. These
services allow dentists to focus on quality patient care and expansion
of the delivery of dental care in their communities,” said Jane Rowe,
Senior Vice-President of TPC. “We look forward to working with Dr.
Workman and the Company’s excellent management team.”

“Having Teachers’ as a partner will provide us with a stable platform to
continue to grow by providing support services to other dental offices
throughout the country and providing new and exciting opportunities to
assist dentists in the efficient and effective management of their
practices,” said Dr. Workman.

Pat Bauer, President of Heartland Dental Care, noted that, “Given the
challenges of rising health care costs and the shortage of dentists,
the ability to provide efficient administrative support services to
dentists is instrumental in allowing them more time to focus on what is
most important, and that is patient care.”

About Teachers’

With $117.1 billion in assets as of December 31, 2011, the Ontario
Teachers’ Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund’s
assets and administers the pensions of 300,000 active and retired
teachers in Ontario. For more information visit www.otpp.com.

SOURCE Ontario Teachers’ Pension Plan