Scottish Dental Care Group has secured a multi-million pound investment from BGF.
The growth capital investor is making its second significant investment in just over 12 months, to support the company’s acquisition plans, aimed at expanding its presence in key conurbations across the country.
Scottish Dental Care Group has grown strongly since BGF’s original investment in February 2022, and now operates clinics across the central belt, Dumfries and Galloway and Grampian. Revenue grew by more than 30% in the past 12 months.
The group recently acquired two Glasgow-based businesses, the Barrhead and Gorbals Dental Practices, taking the portfolio to 19 clinics.
It also recently appointed maiden chief executive Lynn Hood, enabling director of dentistry Philip Friel to focus on strategic clinical matters and expanding the company's dental services, while co-founding brother Christopher Friel leads acquisitions and group legal services in his role as the mergers and acquisitions director.
Hood commented: “We welcome this additional investment from BGF which will support the momentum we currently have in implementing our ambitious plans.
“In addition to supporting acquisitions, this will support Scottish Dental Care’s ongoing investment in technology and innovations, making sure that patients get the very best service possible at every practice.”
Chris Nixon, an investor at BGF, said: “We are delighted to be supporting Scottish Dental Care with additional capital. In the past 12 months, the team has worked tirelessly to ensure the group moves forward on all fronts, including additional acquisitions, adding scanning technology, and more recently with the joining of its first CEO.”
The Glasgow-based business offers a range of NHS, private and cosmetic dental treatments, including dental implant and reconstructive dentistry, together with short-term orthodontics and facial aesthetic treatments.
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