MELVILLE, N.Y., Feb. 18, 2013 /PRNewswire/ -- Henry Schein, Inc. (NASDAQ: HSIC), the world's largest provider of health care products and services to office-based dental, medical and animal health practitioners, 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 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."