How many dental practices do portman own?

Portman currently has 200 dental offices in the UK, Ireland and the Benelux, including 16 Portman Smile orthodontic clinics, serving more than 700,000 patients. Another major player in the UK market is MyDentist, which is backed by private equity group Carlyle and has around 450 practices. Simpson & Nisbet Dental & Implant Clinic is part of Portman Healthcare Ltd (which operates as Portman Dental Care). Core Equity is understood to have been left out of competition to buy Portman from rival bidders, including Jacobs Holding, a Swiss family office that already owns Southern Dental, a group of private and NHS dental offices.

Portman acquired his 63rd practice in November, Whitby Dental Practice in Ellesmere Port, and won the FMC Best Business of the Year award at around the same time. A source close to Portman Dental Care has confirmed that reports of a £300 million purchase offer by a Swiss investor are false and that the chain is simply refinancing. Portman Healthcare Ltd (company number 674057) is the main trading company of the Portman Dental Care group. Jacobs Holding owns Colosseum Dental, which operates 150 clinics in Norway, Sweden, the United Kingdom, Switzerland, Italy and Denmark, and calls itself the fastest growing dental group in Europe.

Core Equity Holdings today announces the acquisition of Portman Dental Care, the UK's fastest-growing private dental group. Sky News learned that Sam Waley-Cohen, the founder of Portman Dental, reached an agreement to sell a large stake in the company to Core Equity Holdings, a private equity firm. A series of acquisitions led by private equity firms such as Nordic Capital in the European dental market have led to the creation of a group of large-scale operators in the sector. A Cheltenham Gold Cup-winning jockey is about to toast a payday sale of his dental office chain that will catapult him into the ranks of Britain's super-rich.

Since then, this investment has helped the group grow from 27 to more than 75 practices across the UK, forging a strong reputation for modern facilities, patient-friendly appointments, friendly and caring staff and the highest clinical standards. It will involve Core Equity acquiring the interest in Portman that is owned by Livingbridge, another investment firm, as well as a share of Mr. Waley-Cohen's shares. Sources said it had fueled hopes in Portman that it could also attract a price of more than £300 million.

LaDonna Byrne
LaDonna Byrne

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