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Bupa to acquire Australian and New Zealand dentistry group

Bupa plans to acquire Australia and New Zealand-based Dental Corporation for AUD$374 million (£244 million).

The deal is expected to complete in March 2013 and will see Bupa acquire 100% of the shares in the firm.

The purchase price is 84% of the company’s value, with the remaining 16% payable to the dentists and management team over a three-year period.

Dean Holden, managing director of Bupa Australia and New Zealand, said: “We’re really excited by this acquisition and look forward to working with Dental Corporation’s management team and its dentists to build on their track record of growth and success.”

Dental Corporation is Australia and New Zealand’s largest dental group, with 190 clinics and more than 560 dentists.

This follows Bupa’s announcement in July 2012 of a multi-million pound investment in UK dental services. It plans to open up to 50 additional private dental centres over the next three years.

Posted on: 17/12/2012

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