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.”
______________________________________________________________________
Related information:
Business acquisition funding
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.