Adent Cliniques Dentaires Groupe SA ('Adent' or 'the Company'), the leading dental clinics operator in the Swiss Romande announces the acquisition of Swiss Dental Group AG ('SDG'). SDG is a group of 5 dental clinics which was established in 2012 and operates under the ‘BudgetDent’ brand in the cantons of Aargau, Lucerne, Zug and Zurich. It is planned that the SDG clinics will be rebranded as ‘Adent’.
Malcolm Hughes, Chairman of Hesira commented: "The acquisition of SDG represents a further significant step forward in our plan to build Adent into the leading dental clinics operator in Switzerland by enabling us to extend the ‘Adent’ brand beyond the Swiss Romande. This acquisition represents the Company’s first entry into the German speaking region of Switzerland and now takes the group to 17 clinics in total.”
Dental Clinics Nederland (DCN), part of the Hesira Group, announces the acquisition of Tandartspraktijk Lohmannkliniek in Doetinchem. This acquisition brings to DCN a large high quality operator with 16 chairs able to provide both specialist treatments such as orthodontics and implants as well as general dentistry. The clinic adds €3.5m in annual turnover to DCN and we welcome their dentists and staff to the Hesira Group and look forward to working with them.
Adent Cliniques Dentaires Groupe SA ('Adent' or 'the Company'), the leading dental clinics operator in the Swiss Romande announces the acquisition of Cliniques Dentaires de Geneve ('CDG'). CDG is a group of 3 large high quality clinics in the Geneva city area which was initially established in 2000 and offers a full range of general and specialist dental treatments. Adent is part of Hesira Group Limited (‘Hesira’), a pan-European dental clinics operator established by funds managed by Oaktree Capital Management, L.P.
Malcolm Hughes, Chairman of Hesira commented: "Our plan to build Adent into the leading dental clinics operator in Switzerland incorporates a combination of clinic acquisitions and development of new greenfield sites. The acquisition of CDG represents a significant step forward in this plan by bringing 3 high quality clinics into the Adent group with complementary locations to our existing sites and increasing the Company's turnover by 25%."
Hesira Group Limited ('Hesira'), the pan-European dental clinics operator established in 2013 by funds managed by Oaktree Capital Management, L.P. is pleased to announce the appointment of Christophe Bornand as Chief Executive Officer of Adent Cliniques Dentaires Groupe SA ('Adent' or 'the Company'). Adent is the largest dental clinic chain in the Swiss Romande and was acquired by Hesira in July 2014.
Christophe joins Adent from Galenica Group where he is currently Head of Amavita, the largest retail pharmacy chain in Switzerland with over 150 outlets. He originally qualified as a pharmacist in 1996 and additionally completed a business qualification at the University of Lausanne before joining his family's pharmacy in Neuchatel. He was a founder director of PharmaciePlus, a branded co-operative pharmacy group before joining Galenica in 2006. Christophe will take up his appointment on 1 October 2015.
Malcolm Hughes, Chairman of Hesira commented: "I am delighted to have recruited Christophe as CEO who brings to Adent directly relevant experience of building a market-leading retail healthcare business. His extensive knowledge of operations management and marketing from the pharmacy sector will be of great benefit in helping to drive the growth strategy for Adent."