Bupa in Talks Over £500 Million Bid to Take Over Oasis Dental Chain
British-based healthcare company Bupa are in talks to place a takeover bit for dentistry chain Oasis, which is one of many large-scale privately owned dentistry providers.
Bupa has held preliminary discussions with Oasis Healthcare’s managers and shareholders, however it is said that these talks are in their earliest stage.
Some reports have suggested that the Bridgepoint-owned company might be worth around £500 million. Oasis is currently chaired by Lord Rose, former Marks & Spencer boss, and is run by Justin Ash, chief executive. Lord Rose describes the company as the only branded group to offer a considerable mix of both private and NHS treatment.
A spokesperson from Oasis told reporters that the company is the number one private dental care provider in the UK and continues to be successful.
Most of Bupa’s health insurance comes from health insurance, but the company also operates in excess of 600 dental clinics, alongside hospitals, retirement villages and care homes.
As well as Bupa, a number of private equity firms are hoping to make offers for Oasis, which owns more than 300 dental practices in Britain.
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