Henry Schein Acquires Maddox Practice Group
Henry Schein (NASDAQ: HSIC), today announced the acquisition of the Maddox Practice Group (MPG), a leading practice transition group that serves the California dental market. Financial and other terms of the transaction were not disclosed.
MPG was founded by A. Lee Maddox, DDS, ESQ and is based in Newport Beach, California. Dr. Maddox, a retired endodontist, is a prominent figure in the California dental community. He is a former instructor of endodontics at University of Southern California and is a frequent lecturer at national, regional and local dental society meetings.
MPG will become part of Henry Schein Professional Practice Transitions (HS PPT), the division of Henry Schein Financial Services that provides a full range of dental practice brokerage, practice valuations and practice transition planning services. In addition to HS PPT, Henry Schein Financial Services offers an array of business solutions for health care practitioners, including 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