Member Article

Dental provider bought for £185m

Dental services providers Oasis Healthcare have been acquired by private equity group, Bridgepoint, for £185m.

The Bristol-based provider to the NHS operates over 200 dental practices across England, Wales and Northern Ireland.

Bridgepoint hope to take advantage of the an estimated £7bn UK dental market, driven by an expanding wealthy ageing population.

Justin Ash, Oasis chief executive, said: “Consumers are becoming more demanding of dentistry, and with growth in the dental market generally, it’s exciting that Oasis is now set up to lead a transformation in the delivery of high quality dental care.

“With Bridgepoint as our new funding partner, we will be strongly positioned for further profitable expansion. We have a successful track record of acquisitions and new openings, and plan on-going and rapid expansion whilst we continue to support our dental teams to deliver great patient care.”

Jamie Wyatt, a partner at Bridgepoint, added: “Oasis’ financial performance has been impressive throughout the recent economic cycle. It is a robust platform with a commitment to quality and innovation from which to create the only branded dental operator of scale in the UK.”

This was posted in Bdaily's Members' News section by Tom Keighley .