Henry Schein has acquired dental practice transition and brokerage company ADS Florida and its parent company, Professional Transitions.
The acquisition expands the geographic reach of Henry Schein's practice transitions offerings to dental practice owners looking to buy or sell their practice, according to the company. Financial and other terms of the transaction were not disclosed. Henry Schein expects the transaction to be neutral to its 2015 earnings per share.
ADS Florida specializes in dental practice sales, appraisals, and practice transitions, including partnerships, fractional sales, and associate buy-ins and buyouts. ADS Florida will become part of Henry Schein Financial Services (HSFS), a wholly owned subsidiary of Henry Schein. In addition to practice transitions, HSFS offers business solutions for healthcare practitioners, including equipment leasing and financing and also patient and practice credit card services.
ADS Florida will continue to be led by Paul Rang, DMD, who represents the company's business in central and northern Florida; Stuart Auerbach, DDS, who will be responsible for its business on Florida's east coast; and Greg Auerbach will be responsible for business on the state's west coast.