Bridgepoint Capital-backed Oasis Healthcare acquires Apex Dental Care
Private equity-backed Oasis Healthcare has strengthened its position as the UK’s largest provider of private dental care and a major provider to the NHS with the acquisition of Apex Dental Care for an undisclosed sum.
The deal closely follows the acquisition of Smiles Dental in April 2014.
The additions of Apex and Smiles to the Oasis portfolio will increase the company’s turnover by 40 per cent from GBP160 million to over GBP225 million, through the provision of quality NHS, private and specialist dental care to over three million patients. Its practice network will have grown by over 50 per cent from 204 to over 310 in six weeks.
Founded in 2007, Apex has 31 practices located across England and offers a wide range of care options to their patients.
Justin Ash, CEO at Oasis Healthcare Group, says: “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.”
The acquisitions of Apex and Smiles follow the appointment in September 2013 of Sir Stuart Rose to chair the Oasis board.
Ben Chaing, CEO at Apex Dental says: “We are pleased that Oasis will be taking forward the Apex practices and teams. Following initial discussions with the Oasis team it soon became apparent that we shared the same vision for how the dental market should evolve. By combining Apex’s dental practices with Oasis the group will be well placed to continue improving the breadth and quality of our service to patients with the benefit of an expanded network and an even stronger clinical support team.”
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