CapVest Private Equity Buys Rodericks
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- Published: Tuesday, 22 February 2022 08:06
- Written by Guy Tuggle
- Hits: 5667
Rodericks Dental Group has been bought by the private equity group CapVest.
Founded in 1984 Rodericks, according to the company’s website, comprises over 130 dental practices offering NHS and private treatment across England and Wales and is the company is looking to acquire additional ‘NHS and mixed dental’ practices.
CapVest, established in 1999, is a leading private equity business whose current and former clients include many food brands - Findus, Punch Taverns, Scandi Standard, Youngs Bluecrest and United Coffee. It also lists NextPharma and Mater Private Healthcare, Ireland’s leading specialist private hospital group plus Curium, a global leader in the production of critical nuclear tracers used in diagnostic imaging in its portfolio.
Given Rodericks declared commitment to growth at a time when many dental practice owners are openly expressing their exasperation with the demands of delivering dentistry, this marriage will be one to watch.
GDPUK has invited both businesses to comment on the background and future plans but at the time of filing this news item neither had provided comment. Figures obtained from accounts filed at Companies House reveal that Rodericks’ turnover in the year ended 31st March 2021 was £56.86M up from £52.80M at 31st March 2020. Losses were reduced from £4.66M to £1.48M over the same period.
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