Q & M Dental Group has announced significant strides in its regional expansion strategy with the acquisition of stakes in Thailand and Australia. The group will gain a 51% stake in Deezy Q & M, a network of over 30 dental clinics in Thailand, for $27.5m (THB 994.5m). This acquisition will be financed through a combination of cash and new Q & M shares, subject to a 15-year lock-up. The deal is supported by a six-year profit guarantee, ensuring financial stability and growth potential.
The CEO of Q & M Dental Group, Ng Chin Siau, expressed confidence in the partnership with Deezy, citing the clinic’s professional team and established reputation as key factors in the decision. “Thailand has long been a market of interest for us, and Deezy stands out as the right partner for our next step forward,” he stated.
In addition, Q & M is set to acquire 100% of the Experteeth Group in Australia for $76.5m (A$119.64m). This acquisition includes 40 clinics and approximately 120 dentists across several Australian states. The deal is backed by an eight-year, $72m (A$112.6m) profit guarantee, with key dentists retained as strategic partners under 15-year service agreements.
Ng Chin Siau highlighted the significance of the Australian acquisition, noting, “Our acquisition of the Experteeth Group marks a defining milestone in Q & M’s internationalisation strategy and a significant step in our long-term ambition to build a leading dental services platform across the Asia-Pacific region.”
These strategic moves are set to enhance Q & M Dental Group’s presence beyond its existing markets in Singapore, China, and Malaysia, positioning the company as a formidable player in the Asia-Pacific dental services sector.
