Another acquisition for Oasis Healthcare
The deal closely follows the acquisition of Smiles Dental in April 2014.
The additions of Apex and Smiles to the Oasis portfolio will increase the company’s turnover by 40% from £160 million to over £225 million, through the provision of quality NHS, private and specialist dental care to over three million patients.
Its practice network will have grown by over 50% from 204 to over 310 in six weeks.
Justin Ash, CEO at Oasis Healthcare Group, said: ‘We are delighted to welcome the Apex team to Oasis.
‘Adding both Apex and Smiles to the Oasis portfolio rapidly transforms the size and scope of Oasis and underlines the rapid progress we are making in building a strong, trusted and customer focused dental brand in a fragmented market.
‘Our ambitions for growth do not stop here and we have a strong pipeline of acquisitions and new builds.’
Founded in 2007, Apex has 31 practices located across England and offers a wide range of care options for its patients.
Apex is focused on delivering clinical excellence, in both NHS and private dental care, which complements Oasis’ commitment to working with the Department of Health to increase access to quality dental care.
This has involved establishing a number of NHS pilots that are currently being trialed within Oasis practices, and one within the Apex estate.
The acquisitions of Apex and Smiles follow the appointment in September 2013 of Sir Stuart Rose to chair the Oasis board as it creates a truly consumer-focused dental chain.
Ben Chaing, CEO at Apex Dental said: ‘We are pleased that Oasis will be taking forward the Apex practices and teams.
‘Following initial discussions with the Oasis team it soon became apparent that we shared the same vision for how the dental market should evolve.
‘By combining Apex’s dental practices with Oasis, the group will be well placed to continue improving the breadth and quality of our service to patients with the benefit of an expanded network and an even stronger clinical support team.’
Oasis’ acquisition of Apex comes at a time when the dental sector is expected to experience further growth over the next five years.