We all know dental care is becoming less and less equitable, and private care is dominant in many areas. Eagle Radio News reports 26th December 2016: Southern Dental tycoon launches fresh effort to sell NHS supplier
The tycoon behind the third biggest provider of NHS dental services has launched a fresh effort to sell his business months after abandoning an earlier auction.
Sky News understands that Dr Mazdak Eyrumlu, who founded Southern Dental a decade ago, has asked bankers at DC Advisory to find a buyer for the company, which he values at up to £100m…..
…”Our overall revenue mix of 74% NHS and 26% private has enabled us to grow our NHS commitment and at the same time maintain and grow our private income,” the company said.
“The group’s income continues to be principally from long-term fixed NHS contracts with NHS England.”
Private equity firms including Capvest and Graphite were among the parties with which Southern Dental held talks during its aborted auction in 2014.
A number of the UK’s biggest dentistry providers have attracted private investment over the last decade, including Oasis Healthcare, which was backed by the investment firm Bridgepoint before its recent sale, and its larger rival MyDentist, which is owned by Carlyle.
Southern Dental could not be reached for comment on Friday