Apposite Capital-backed Riverdale acquires Prettygate Dental

Apposite Capital-backed dental group Riverdale Healthcare has acquired Prettygate Dental in Colchester, Essex for an undisclosed sum. This newest acquisition takes Riverdale to 40 practices plus a dental laboratory.

The information follows Riverdale’s acquisition of Lion Home Dental Follow in February.

Based in 2018, Riverdale Healthcare is dental group with dental practices positioned within the North of England which ship each NHS and personal dental therapy. The group generated round £9 million in income and an EBITDA of round £643,000 within the yr to March 2021, in response to Corporations Home filings.

Established in 2007, Prettygate Dental at this time presents each NHS and personal dental therapy to sufferers throughout the Southeast of England by means of its two practices.

Chief funding officer of Riverdale, Chris Aylward mentioned, “That is one other thrilling funding and additional strengthens our proposition throughout the group. Prettygate Dental has been established for over 40 years; subsequently, we’re delighted to be welcoming their expertise into the group.

“The acquisition has been a clean course of. The groups at Apposite Capital, Pinsent Masons and Hazelwoods have but once more supplied an impressive service as we proceed our development technique.”

Emma Barnes, chief government of Riverdale, added, “The addition of Prettygate Dental emphasises how we proceed to successfully implement our development technique, and is thrilling because it kinds a part of our deliberate technique to increase our providing within the South of the nation.”

Apposite Capital is roumored to have appointed PwC to discover sale choices, with a possible course of more likely to begin in late 2022, in response to credible market sources.

Date revealed: June 1, 2022