LOUISVILLE, Kentucky--Heartland Dental Care, Inc. has announced the purchase of a minority partnership interest in Mortenson Family Dental, Inc. that will allow both companies to continue growth and capitalize on business synergies.
"We are very pleased to partner with Heartland Dental Care. We have come a long way since we opened our first practice in 1979. We now have twenty one practices, and this is a great next step for us," said Dr. Wayne Mortenson, Mortenson Family Dental founder and CEO. "We are very proud to be affiliated with an organization that values patient care and health care technology as much as Heartland Dental Care does, and I believe this partnership will benefit both organizations."
Heartland CEO President and Founder Dr. Rick Workman said, "Our companies have great admiration and respect for each other. We share common philosophies with regard to the delivery of dental care to patients, as well as in dental practice management business practices. We are honored to enter into this partnership. We are excited to be working with such an experienced and ethical management team and entire company."
"We are also excited about this strategic alignment with Heartland Dental Care," he added "Our leadership and operations team will continue to focus on the growth and future development of our business. With the ability to leverage the support and infrastructure of HDC, we will experience greater synergies than ever before. We anticipate accelerating the growth of Mortenson Family Dental with the shared support and new capital structure."
Both companies expect to experience cost savings and synergies in areas such as marketing, internal referrals, recruiting, and more.
Workman said, "Dr. Mortenson and I look forward to learning even more about our respective businesses. We have exchanged ideas and management philosophies for the last 10 years. Now, as both friends and business partners, we are committed to taking a 'best practices' approach to capitalize on as many opportunities as possible to improve our companies."
Mortenson Family Dental is a group of 21 branded dental practices concentrated in the Greater Louisville, KY / southern Indiana marketplace. The Mortenson Family Dental team is comprised of 27 general dentists, nine specialists, and 260 employees.
More information can be found at www.MortensonFamilyDental.com.
