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LONDON, UK: The acquisition of the Oasis Healthcare Group has been completed, the Bupa health care group has said. The news comes after the European Commission referred the multimillion-pound transaction to the Competition and Markets Authority (CMA) last week. Bupa took over one of Britain’s largest networks of dental practices last November for a total of £835 million from private equity investor Bridgepoint.
With 380 practices and over 1,800 dentists, Oasis is currently the second-largest dental provider in the UK. It will continue to operate as a separate entity once the acquisition has finally been cleared by the CMA, according to Bupa.
“Bupa is a fantastic permanent home for the Oasis business; both organisations care deeply about patients and people, and both are focused on delivering high-quality clinical care. We look forward to the continued success of Oasis under Bupa ownership,” Oasis CEO Justin Ash commented.
“There’s strong customer demand for high-quality, value-for-money dental services that are convenient and easy-to-use,” Bupa UK Managing Director David Hynam added. “Bupa and Oasis have a shared commitment to putting patients first, and we look forward to welcoming the Oasis team into the Bupa family.”
Prior to the acquisition, Bupa operated 40 clinics in Britain. Worldwide, the company employs over 84,000 people in its health care operations.
Established in 1996, Oasis currently serves over two million patients.