Sharechat Logo

Abano Dental announces acquisitions

Tuesday 21st June 2005

Text too small?
Abano Dental, New Zealand's largest dental network, today announced the signing of a conditional agreement to acquire two significant dental practices in Hamilton and Te Awamutu.

Following settlement (expected in early July), Excel Dental Care in Hamilton and Te Awamutu will operate under the new Lumino dental brand, launched by Abano Dental in May 2005.

The acquisition further expands the Abano Dental network outside of the greater Auckland region, with a growing number of additional investment and acquisition opportunities currently under investigation.

The two new dental practices will add revenues of $1.5 million to Abano Dental and provide a return on investment of greater than 25 percent on the practices' contributing pre-tax profits. Both have a wide patient base in their communities, and offer high end corrective and cosmetic dentistry. Currently, there are five full-time dentists and two dental hygienists, and no changes to staff or the current dental offerings are expected.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Abano mulls rebel shareholder request for meeting, affirms support for Janes
Hutson fails to respond to Abano buyout offer, takeover 'rife with insider elements'
Abano steps up pressure on bidders over audiology unit price
Abano shareholders clamour for discounted stock in share purchase plan
Hutson quits Abano board after urging from other directors
Abano board questions Hutson's conflict of interest in takeover bid
Abano continues to resist takeovers, rejects approach from Archer, Hutson
Abano seeks $18.5 mln in share purchase plan
Abano shares climb to 4-month high amid prospect of takeover bid
Abano faces takeover bid after rejecting unsolicited offer