Bridgepoint In Pole Position To Buyout Oasis Dental Chain
Bridgepoint is set to complete the purchase of the UK’s second biggest private dental chain according to news sources.
It is understood that Bridgepoint is in pole position to take over Oasis, which has around 200 dental clinics across the UK; the sale has not yet been confirmed, but sources close to the deal understand that Bridgepoint is leading the way over fellow competitors LDC, Capvest and Omers Private Equity. The deal is rumoured to be worth around £200 million.
The change of ownership would represent the first of its kind in more than five years for Oasis Healthcare.
The move comes at an important time for the dental industry following a ruling by the Office of Fair Trading last year, when it claimed that it would not pass the private dentistry market to the Competition Commission because it would “not be proportionate.”
The OFT made a number of recommendations designed to improve services for consumers, including clear pricing and transparent information about the range of services available on the NHS.
Oasis was founded in 1996 and now has more than 1.5 million patients and 700 dentists around the UK.
The sale of the company is being overseen by DC Advisory Partners.
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