Odontia, Norway’s third largest dental chain by number of clinics, is understood to be on the market, with both private equity and strategic buyers circling, HBI has learnt.
Terveystalo, Finland’s second largest private healthcare provider and fifth largest player in Finland's dental services market, is acquiring Hohde Group, a pureplay dental group that is also in the top five. This will roughly double Terveystalo's revenue from the Finnish dental sector and make it the largest player.
UK Chancellor Rachel Reeves has called on the Competition and Markets Authority (CMA), the principal competition regulator in the UK, to launch an investigation into the country’s private dentistry sector, citing concerns over “hidden costs, lack of transparency and overtreatment.”
Letters released by the government reveal that Reeves has asked the regulator to examine how effectively competition operates among private providers and whether patients receive genuine choice and value for money.
European Dental Group (EDG), Europe’s second largest dental group by revenue, has bought Fresh Tandartsen, a 41-clinic competitor in its home market of the Netherlands.
This week’s infographic looks at the landscape of private equity ownership in the EMEA dentistry sector, focusing on clinic footprints. It ranks the top private equity-backed dental groups by the number of clinics they operate across Europe, the Middle East, and Africa.
British private investment firm Bridgepoint has agreed to acquire a majority stake in mydentist, the UK’s largest dental group holding a 5% market share, from Palamon Capital Partners, a London-based private equity firm. CEO Nilesh Pandya and the existing management team will continue in their roles post-acquisition.
Donte Group (formerly Vitaldent), Spain’s largest dental chain, has been sold by US PE firm Advent to Canadian pension fund Ontario Teachers' Pension Plan (OTPP), for €1 billion. OTPP tells us the plan is to continue growing the group within the Spanish dental market organically, and work with Donte to consider “selective” M&A opportunities.
The government has announced plans to reduce immigration in the UK and focus the system towards “those who contribute most to economic growth” with “higher skills standards” as well as training within the UK. As part of a white paper, the plan to lower “record-high levels of net migration” and end the “reliance on international recruitment” will include the end of overseas recruitment for social care visas, in a further hurdle to overcome for the sector.
Private equity firms Bridgepoint, Cinven, TDR Capital, and Triton Partners are reportedly among the early bidders interested in acquiring MyDentist, the UK’s largest dental chain, according to Sky News.
The current owners, Palamon Capital Partners, are hoping to fetch around £900 million, although the final deal could be closer to £800 million, the newspaper further reported.
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