Wesleyan Assurance Society has announced the acquisition of the Practice Plan Group
Practice Plan, the leading provider of practice-branded dental membership plans, has today been acquired by Wesleyan Assurance Society. This will also include the acquisition of Medenta, one of the leading providers of patient finance to UK dental practices.
This move strengthens Wesleyan’s position in the dental market where it has provided specialist financial advice and services to dentists.
Craig Errington, Wesleyan's chief executive, said: 'The acquisition of Practice Plan is part of a larger strategic growth programme that we are embarking upon over the coming years. Until now we have largely focused on providing personal financial services to dentists. Practice Plan is a strong and successful business and will play an integral role in helping us to grow our commercial offering to dental practices.'
Wesleyan chairman Bryan Jackson CBE said: 'Wesleyan is in a position of financial strength and so can grow to the benefit of our customers and members. Our interests lie in opportunities that will develop our offering for our professional customers. This acquisition is a clear indication of our commitment to be the provider of choice for dental professionals.'
Nick Dilworth, managing director of Practice Plan, said: 'Practice Plan is pleased to become part of one of the UK’s financially strongest mutuals with a great heritage and a reputation for customer service and product performance.'
Practice Plan has been acquired from Dunedin Capital Partners and shareholders and the transaction is subject to regulatory approval.