ADP step in with Oasis bid
Associated Dental Practices (ADP) has made an £84.9m offer for Oasis Healthcare, trumping a previous £76.9m bid for the company.
Britain’s largest dental firm had initially been offered £76.9m from private equity company Duke Street Capital last week.
But now ADP, itself the UK’s third biggest dental firm which currently owns more than 18% of Norwich-based Oasis, said it would seek a meeting with the company’s board.
The company aims to gain a recommendation for the offer and said a combination of the two businesses would create a dental giant with 190 practices nationwide and a ‘strong platform’ to grow private and NHS business.