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- Release Date: 26/07/12 17:52
- Summary: ASSET: ABA: Abano Achieves Full Ownership of Dental Partners
- Price Sensitive: No
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ABA
26/07/2012 15:52
ASSET
REL: 1552 HRS Abano Healthcare Group Limited
ASSET: ABA: Abano Achieves Full Ownership of Dental Partners
Abano Healthcare Group has achieved 100% ownership of its Australian dental
business, Dental Partners, following a successful offer to acquire all of the
shares of Dental Investments Holdings Limited (DIHL), the company which owned
the outstanding 30% shareholding in Dental Partners.
Dental Partners is one of the fastest growing dental consolidators in the
Australian market, and currently has 58 practices and more than 450 staff
across Australia.
Managing director of Abano, Alan Clarke, said: "This is an excellent
investment by Abano in a highly scalable, private paying, growth business
that operates in a very large market. Dental Partners has demonstrated
strong and profitable growth over the past four years, to the point that it
is now one of Australia's largest dental consolidators and a significant
revenue and earnings generator for Abano."
ENDS
End CA:00225348 For:ABA Type:ASSET Time:2012-07-26 15:52:44
