STOCKHOLM, Oct. 6, 2022
/PRNewswire/ -- Medicover acquire 80 per cent of the business
of DDent MVZ GmbH ("DDent") from the sole shareholder and CEO Dr.
Nicol Dudek. DDent is a chain of 16
mid-size dental clinics with 73 chairs, 200 employees and a dental
lab in Northern Germany with
headquarter in Hamburg. Dr. Dudek
will continue in her role after the acquisition.
The German dental market at EUR 28.8
billion is Europe's largest
and is expected to grow 3-4 per cent per annum. The market is
highly fragmented. DDent was founded in 2017 with an aim to
consolidate the dental market in Northwest Germany and has grown organically
and by acquisitions.
DDent together with the recent acquisition of MeinDentist
(Berlin focus with 16 clinics and
147 dental chairs) gives Medicover an at scale dental platform to
consolidate and grow in the Germany dental field. Both acquisitions will
be consolidated from October. Pro forma total revenue for DDent and
MeinDentist is estimated to EUR 47
million for 2022. Total purchase price for the two
acquisitions is approximately EUR 32
million including debt assumed.
"The acquisition of DDent is a good fit and very synergistic
with our previous announced acquisition of MeinDentist. In total we
now have over 30 German dental clinics which is a solid foundation
for further growth, also bringing in an experienced management
team. Medicover is number one in Dental in Poland, with 70 clinics, 400 chairs and look
to be a significant player in Germany", says Fredrik Rågmark, CEO
Medicover.
For further information, please contact:
Hanna Bjellquist, Head of Investor
Relations
+46 703 033 272
hanna.bjellquist@medicover.com
Medicover is a leading international healthcare and
diagnostic services company and was founded in 1995. Medicover
operates a large number of ambulatory clinics, hospitals,
specialty-care facilities,laboratories and blood-drawing
points and the largest markets are Poland and Germany. In 2021, Medicover had revenue of
EUR 1,377 million and more than
38,000 employees. For more information, go to
www.medicover.com
This information was brought to you by Cision
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https://news.cision.com/medicover/r/medicover-continue-to-expand-the-dental-network-in-germany,c3642784
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Medicover continue to
expand the dental network in Germany
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