DT News - UK - Oasis expands into Irish dental market through Smiles Dental acquisition

Dental Tribune International

Wed. 9 April 2014

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DUBLIN, Republic of Ireland/ BRISTOL, UK: Oasis Healthcare, one of the largest providers of private dental care services in the UK, has further strengthened its position on the UK market through the purchase of Irish dental chain Smiles Dental for an undisclosed sum. With the acquisition, Oasis aims to expand its business into the dental market in the Republic of Ireland.

According to the Irish Times online, the deal was closed for a reported £30 million (€36 million).

Oasis hopes that the addition of Smiles Dental to the company’s portfolio will help increase its turnover from £160 million (€194 million) to over £210 million (€254 million). The provider is now able to reach over 2.5 million dental patients, as the acquisition expands its practice network by 37 per cent from 204 to 281.

“We are very excited about this deal and the prospect for the larger group. We are well funded to continue our growth, and are actively seeking further complementary acquisitions, as well as new openings to at least double the size of Oasis,” said Justin Ash, CEO of the Oasis Healthcare Group.

The company further announced that it will be branding the new practices as Oasis Dental Care in the UK but keep the distinct character of the referral practices in the group. In Ireland, the Smiles brand will be maintained, as it is already well established.

Smiles Dental was founded in 2005, and provides comprehensive dental care services at 77 practices and 17 clinics throughout Ireland and the UK.

According to figures published in September last year by UK research company YouGov, the UK market for dentistry and dental services has grown significantly over the last decade. In 2012, it reached an estimated £5.7 billion (€6.9 billion). According to Oasis, the industry is expected to experience further growth within the next five years.

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