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Dental corporate seeks to raise new funding

Dental corporate, Oasis, is reported to have appointed DC Advisory to lead its attempt to raise £250 million-plus in order to expand.D...

Dental corporate, Oasis, is reported to have appointed DC Advisory to lead its attempt to raise £250 million-plus in order to expand.

Duke Street Capital, the private equity majority owner of Oasis, needs to raise a fresh injection of funding — either by attracting a new investor, or selling the company.
 
Justin Ash, the chief executive of Oasis told the Sunday Telegraph: “'I don’t know what is the best option, that is why we have appointed DC Advisory, But we need someone who is committed to our aggressive expansion plans.'
 
Mr Ash said 900 independents could be forced to sell up or close as a result of stricter regulation and pressure on dentists to invest more heavily in their practices.
 
He said about half of his target of 400 extra practices could come from opening new outlets, and half by snapping up independents forced to throw in the towel.

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if the independents can't make it pay how the hell is a management heavy,material inefficient,dentally challenged corporate going to work.James Hull being bought for an average of 142k/practice by entrepreneur.Only one reason for that! This whole story smacks of desperation.I think there's a fair chance of the opposite happening,i.e. independents/associates/ex principals buying up a soon to be bankrupt company.
I wouldn't EVER Gin work for a corporate. As dental nurses are now registered and able to buy their own practices I would love to buy any of those barstools out! Imagine the horror of a lowly nurse buying them out TFF
I'd buy a second practice for 142k if the figures were OK.
The monkeys that were running james hull have gone now, but it looks like all the dentists will go as well. If that so called high end corporate can't keep dentists, I doubt a tax robbing money scrimping NHS focussed corporate will succeed. Mind you james hull were renowned for dodgy dealings..... I doubt the new "entrepreneur"will be able to turn horse manure into gold.
Having just read the latest edition of "DENTISTRY"I at first struggled to find any aticle relevant to the practi ce of dentistry as I know it. What a relief to find the article by Kevin Lewis,a breath of sanity in an apparently rapidly changing world,as far as dentistry is concerned. Simon Gallier notes that there is too much regulation of our profession,while Annette o'Donovan (a recent graduate) appreciates the access to coaching to improve her practice experience. Is it too much to hope that in this ever changing world,that DENTISTS can get on with doing the job that they used to be trained for, TREATING PATIENTS . pidly changing world . I found the article "SORRY IS THE HARDEST WORD"very disturbing,as it seems to suggesthat dental professionals can no longer be trusted on merit or past performance.