Information  X 
Enter a valid email address

Christie Group PLC (CTG)

  Print      Mail a friend       Annual reports

Thursday 07 December, 2017

Christie Group PLC

Sale of Avsan holding to Bupa Dental Care

RNS Number : 7035Y
Christie Group PLC
07 December 2017
 



7 December 2017

Christie Group plc
("Christie Group" or the "Company")

 

Christie & Co brokers the sale of Avsan holding to Bupa Dental Care

 

Christie Group plc (CTG.L), the leading provider of Professional Business Services and Stock & Inventory Systems and Services to the leisure, retail and care markets, is pleased to announce that Christie & Co, its specialist provider of agency and advisory services, has successfully brokered the sale of Avsan Holdings Limited, a privately-owned dental group, to Bupa Dental Care in a deal believed to be the largest independent portfolio sold in the sector in 2017.

 

Established over 30 years ago, Avsan is made up of 16 practices which are spread across Scotland and England. Bupa Dental Care is continuing to expand and currently has over 460 dental practices across the UK and Ireland. 

Avron Smith, Avsan Founder & Owner said: "It's been a privilege and joy growing Avsan over the past 30 years. With a great management team and a fantastic group of clinicians and support teams, we have created a dynamic dental group committed to cutting edge dentistry and the highest standards of patient care, and I know that in the Avsan group of practices joining Bupa, our loyal patients across the UK will continue to benefit from quality oral healthcare for years to come."

David Hynam, Bupa UK CEO said at the time of the announcement: "This is another significant step in the expansion of Bupa Dental Care and the delivery of our dental strategy. We continue to make great strides to grow our dental services and offer our customers consistently high standards of care in over 450 practices. I'd like to welcome the Avsan team to Bupa Dental Care. We have a shared commitment to focus on providing high quality care, using the latest technology in a local practice."

Simon Hughes, Managing Director of Christie & Co's Dental team comments, "We were approached by Avron Smith of Avsan to value the group, position it for sale, negotiate terms and project manage the transaction, working with his  management team. Having acquired Oasis Dental Care in February  and with money to invest, Bupa was a natural choice of buyer. 

"The deal demonstrates the appetite in the market for well run, profitable small and mid-sized groups. There are a number of other groups weighing up options for 2018 and we will undoubtedly see further consolidation at the middle to top end of the sector."


Enquiries:

 

Christie Group plc

Simon Hughes

                                                     020 7227 0716

Managing Director - Medical

David Rugg        

                                                     020 7227 0707

Chairman & Chief Executive




Dan Prickett

                                                     020 7227 0700

Chief Operating Officer





Panmure Gordon (UK) Limited:

Dominic Morley / Charles Leigh-Pemberton                                                                  020 7886 2906

Nominated Adviser & Broker

 


Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 42 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

 

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie & Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

 

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

 

For more information, please go to www.christiegroup.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAEAFAXEDKXFFF

a d v e r t i s e m e n t