Wed, 21 May 2014 | BUSINESS SALE
Surrey-based Apex Dental Care has been bought by Oasis Healthcare for an undisclosed sum.
Oasis is one of the UK’s largest chain of dental care centres, with over 200 practices across England, Wales and Northern Ireland. Founded in 2007, Apex has 31 practices in England and employs 182 staff.
According to Apex’s latest accounts for the year ending 31 March 2013, the business made a pre-tax profit of £714,000 with a turnover of around £13 million. Oasis’ acquisition of the firm, which follows on from its purchase of Smiles Dental last month, will look to further strengthen its position as "the UK's largest provider of private dental care services".
It is estimated that these two acquisitions will push Oasis’s turnover to over £225 million and increase its number of practices to 312.
Justin Ash, chief executive of Oasis Healthcare, commented on the deal: “We are delighted to welcome the Apex team to Oasis. Both companies share the same commitment to providing high quality, easily accessible dental care and have developed a patient-led culture.
“Adding both Apex and Smiles to the Oasis portfolio rapidly transforms the size and scope of Oasis and underlines the rapid progress we are making in building a strong, trusted and customer focused dental brand in a fragmented market. Our ambitions for growth do not stop here and we have a strong pipeline of acquisitions and new builds.”
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