Two corporates merged this week. Julian English reports
Oradi Limited has merged with Dental Care Group.
Oradi had a portfolio of three high quality NHS and mixed dental practices in Northamptonshire with two practices in Wellingborough and a third practice in Daventry.
Dental Care Group had almost 20 practices across East Anglia, and the merger now sees the group expanded into Northamptonshire.
The merger was administered by specialist business property adviser Christie & Co.
Comprising 15 modern surgeries, Oradi Dental offers a wide range of dental treatments, including dental implants and orthodontics. The existing team of 18 clinicians and 60 nurses and receptionists will remain at the practices under the leadership of principal clinician, Dr Resh Diu, who founded Oradi 18 years ago.
Dr Diu said: ‘Having emotionally invested most of my professional career into establishing Oradi Dental as the leading dental brand in Northamptonshire, I have been looking to grow on what my team and I have already achieved. The ethos of Dental Care Group fits well with Oradi’s and whilst there was a great deal of very attractive financial offers from others, for me it was about ensuring that whoever I chose to partner with would support and continue to develop and grow my team and our loyal patients. Dental Care Group’s aspirations in providing a reputable service and their approach to education, aligned with mine and the partnership materialised. Together, we will improve the oral health of many, whilst creating opportunities for like-minded individuals.’
Dr Sanjay Shah, CEO of Dental Care Group added: ‘We are incredibly excited to welcome Dr Resh Diu and the team at Oradi Dental. They are a passionate and dedicated team and we look forward to harnessing each groups’ respective strengths to continue to innovate, elevating our reputable brands to dizzying heights of success. This is a particularly exciting partnership as Dr Diu joins DCG’s Board as Director of Business Development.’
Carl Steer, Director at Christie & Co handled the sale and commented: ‘As Dr Diu suggests, we were able to bring a number of offers to him for consideration from a range of purchasers, who were all very keen to acquire what must be one of the best small groups of dental practices in the UK. We successfully found a buyer/partner who recognised the value of Dr Diu’s business beyond price, ensuring the practice would remain in good hands. The final figure for the transaction was well in excess of the guide price, which serves to reinforce the market sentiment for quality, profitable practices. Interest in the business was also received from financial purchasers and this is an increasing feature of larger individual and group sales. We expect further consolidation in the dental sector in the months to come.’