A chain of dental practices is set to join a growing number of British healthcare companies in private equity ownership as a sale of the South-based company nears.
Southern Dental, established in 2006 by Dr Mazdak Eyrumlu in Crawley, West Sussex, has expanded since its initial set-up and currently employs over 800 staff and dentists. In a bid to secure the business, which runs 74 dental practices across the south of the country, private equity firms CapVest and Graphite are fighting it out to reach a £100 million deal.
A similar deal was made last year for Oasis Healthcare, the UK's second largest independent dental chain, which was sold to private equity firm and owner of Fat Face Bridgepoint for a staggering £185 million. CapVest, which is thought to be the firm favourite for Southern Dental, was also involved in the bidding process for Oasis Healthcare.
A sale of the business would add Southern Dental to the growing list of private equity owned healthcare companies, where it would join companies such as BMI, Four Seasons, HCA and Spire.
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