London, 28 February 2019: Dentist partnership group, Dentex has secured an additional £10 million of growth equity from its shareholders, led by Universal Partners Limited.
Since its inception in 2016, Dentex has already raised approximately £45 million in equity, supporting the company’s growth through acquisition and continued investment in patient care.
The unique dentistry business model is based on partnering with principal dentists who become shareholders within the group. It provides partnering practices with expert business management support; helping to grow dentists’ individual practices whilst enabling them to retain clinical control over their own business.
The partnership-based model is also focused on continued investment in patient care through the sharing of knowledge and skills, first-class training and specialist mentoring opportunities; providing dentists with an excellent platform to deliver the highest clinical standards.
“Dentex now has a network of over 100 dentists looking after thousands of patients and is about to partner with its 50th practice in just over two years, making it one of the fastest growing dental corporates”, explains the company’s chief executive, Barry Lanesman. “We have created value for all our shareholders within the group and capital providers have been encouraged by the delivery of consistent organic and acquisitive growth which has highlighted the benefits of a new partnership-based dental platform in which all stakeholders are aligned and motivated to build a successful business”.
The additional capital illustrates shareholder confidence in a model that facilitates the delivery of best-in-class care to a growing patient base.