Henry Schein acquires Maddox Practice Group
Acquisition strengthens dental practice transition pesence in California.
MELVILLE, New York--Henry Schein, a provider of health care products and services to office-based dental, medical, and animal health practitioners, has announced the acquisition of the Maddox Practice Group.
The Maddox Practice Group is a practice transition group that serves the California dental market. Financial and other terms of the transaction were not disclosed.
Maddox Practice Group was founded by A. Lee Maddox, DDS, ESQ, and is based in Newport Beach, Calif. Dr. Maddox, a retired endodontist, is a former instructor of endodontics at University of Southern California, and is a frequent lecturer at national, regional, and local dental society meetings.
Madox Practice Group will become part of Henry Schein Professional Practice Transitions, the division of Henry Schein Financial Services that provides a range of dental practice brokerage, practice valuations, and practice transition planning services.
In addition to Henry Schein Professional Practice Transitions, Henry Schein Financial Services offers an array of business solutions for health care practitioners. This includes equipment leasing and financing, and patient and practice credit card services.
"We are proud to expand our Practice Transitions business in California, one of the largest dental markets in the U.S., with approximately 32,000 licensed dentists," said Stanley M. Bergman, chairman and chief executive officer of Henry Schein.
"In acquiring MPG, we are expanding our team of experts that partner the right buyers and sellers based on fit, specialization and value. We are delighted to welcome Dr. Maddox, his colleague Kerri McCullough and their staff to Henry Schein. The professionals at MPG bring an entrepreneurial spirit that is the hallmark of Team Schein."