Tue, 19 Apr 2016 | BUSINESS SALE
The company behind Oasis Healthcare is reportedly preparing to auction off the dentistry chain within the next year, according to Sky News.
The chain, which has around 300 dental practices across Britain, is chaired by Lord Rose, the man behind the campaign to keep the UK within the European Union. Oasis Healthcare owners and private equity firm Bridgepoint are in the process of speaking to advisors about the proposed sale.
Bridgepoint acquired the dentistry chain in 2013 for around £185 million, but now reportedly values Oasis Healthcare at around £600 million after bolting on several other acquisitions, including Smiles Dental and Apex Dental Care, which added a further 110 practices to the dentistry chain.
Unnamed sources close to the company suggest the sale will take place “later this year or early next”. However, it is likely that the sale will either coincide with or come shortly after the sale of a smaller rival Southern Dental, according to Sky News.
At the end of the financial year in 2015, the company filed turnover figures of £234 million — a 63 per cent rise from the previous year — as well as pre-tax profits of around £30 million.
To find out more about acquisitions and opportunities in the dental sector, read the UK Dental Sector M&A Snapshot Report.
Represents an opportunity for an acquirer seeking a three surgery, predominantly private dentistry located in Pembrokeshire.
FREEHOLD
Predominately NHS dental surgery with scope for physical expansion, private growth and extended services.
FREEHOLD
Represents an opportunity for a dental practice acquirer seeking a seven surgery mixed dentistry operating since 1978.
FREEHOLD
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