Invested:
November 2009
Sector:
Healthcare
Headquarters:
London, UK
Region:
UK
Business:
UK dental operator
Palamon acquired Associated Dental Practices for £136 million in 2009. At the time of investment, it was the third largest dental operator in the UK, with 120 practices serving around 1.5 million patients a year, delivering dentistry services primarily commissioned and funded by the National Health Service (“NHS”).
The UK NHS dental market was worth approximately £2.5 billion and demonstrated stable annual growth rates of 3-5%, but was highly fragmented, with only 5% of the 11,000 practices owned by corporates. ADP, as one of the only sizable players, was identified as an ideal platform with which to drive the consolidation of the market.
{my}dentist is by far the largest dental corporate in the UK, with over 600 practices nationwide and serving more than 5 million patients per year.