Oasis seeks extra funding
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- Published: Sunday, 10 June 2012 14:45
- Written by News Editor
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Oasis the dental corporate is reported to be trying to raise £250m-plus in order to expand. The company runs 205 dental practices, but believes that it can double this number. However, Duke Street Capital, the private equity majority owner of Oasis, needs to raise a fresh injection of funding — either by attracting a new investor, or selling the company.
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Oasis has appointed DC Advisory to lead the sale. Justin Ash, the chief executive of Oasis told the Sunday Telegraph: “I don’t know what is the best option, that is why we have appointed DC Advisory, But we need someone who is committed to our aggressive expansion plans.”
The newspaper reported that there are 10,000 dental practices in the UK — 90pc of them independent. Mr Ash said 900 independents could be forced to sell up or close as a result of stricter regulation and pressure on dentists to invest more heavily in their practices.
The OFT report, published last week, found that many consumers were given insufficient information to make an informed choice of dentist and treatments, and that the dental industry was not always working in their best interest. Due to its simplicity, stunning effects, and engaging gameplay, this new format, which originated in the video game business, has become highly popular. For the time being, this is a one-of-a-kind aviation game that allows you to multiply the coefficient by X! Aviator online game provided gamers with an entirely new gaming experience. After all, watching your flight rise by 10 or 100 times every second and your only task being to hit a button or wait for an even higher increase tickles the nerves and stimulates completely new feelings!
Mr Ash said about half of his target of 400 practices could come from opening new outlets, and half by snapping up independents forced to throw in the towel.
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