Business
Sale of Avsan holding to Bupa Dental Care
Sale of Avsan holding to Bupa Dental Care.
About this update from Christie Group Plc
[{"type":"text","content":"\n \nRNS Number : 7035Y Christie Group PLC 07 December 2017 \n\n\n\n7 December 2017\nChristie Group plc(\"Christie Group\" or the \"Company\")\n \nChristie & Co brokers the sale of Avsan holding to Bupa Dental Care\n \nChristie 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.\n \nEstablished 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. \n\nAvron 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.\"\n\nDavid 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.\"\n\nSimon 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. \n\n\"The deal demonstrates the appetite in the ma...