Colosseum Dental Group ("Colosseum") is pleased to announce to have reached an agreement to acquire Med Group Hammaslääkärit Oy from a group of investors led by Adelis Equity Partners AB. Med Group Hammaslääkärit (“Onni hammas”) is a leading Finnish private dentistry chain, operating 22 clinics under the Onni hammas brand, with a focus on advanced dental care. Financial terms of the transaction have not been disclosed.
With Onni hammas, Colosseum further strengthens its position in the Finnish private dental healthcare market, and continues to pursue its journey to build the leading pan-European dentistry group. Together, Onni hammas and Oral Hammaslääkärit Oy (“Oral”), Colosseum’s existing dentistry operations in Finland, will generate a turnover of approximately EUR 125M.
The acquisition is structured as a carve-out of the private dental care operations of Med Group, a Finnish corporation focusing on healthcare services. As part of the agreement, Tradeka Yhtiöt Ltd acquires the other Med Group activities: Home Care Services, Ambulance Services, and Staffing of medical personnel. The closing of the transaction is subject to approval of the Finnish Competition and Consumer Authority.
“Colosseum is delighted that Onni hammas will become part of our leading pan-European dentistry group. We will gain a group of highly competent new colleagues with significant knowledge in advanced dentistry. Combining best practices of the two companies will enable us to further strengthen our value proposition towards patients, dentists and employees. We are certain that the increased scale of our operations in Finland will be for the benefit of all stakeholders.”, says Patrick De Maeseneire, Executive Chairman of Colosseum Dental Group.
”We are excited to see Onni hammas and Oral joining forces. Oral will benefit from Onni hammas’ clinical expertise in advanced dentistry services, an attractive clinic network and an excellent corporate culture. We welcome all dentists and employees of Onni hammas to our team to jointly further develop our working practices and high quality dental care for our patients. Our objective is to build Finland’s most advanced dentistry services company and to create the best place to work for all dental care professionals.”, says Jarno Huurinainen, new CEO of Oral. Jarno Huurinainen will continue as Colosseum´s Head of Finland after closing of the transaction.
“The combination of these two leading companies enables the creation of a high-quality service provider with strong presence all over Finland. Together, we will be able to develop technologically advanced dental care and make these services available to all patients. The strong expertise of Onni hammas and Oral will enable us to build the leading dentistry chain in Finland”, says Anders Gylling, Business Unit Director Private Dental Med Group Oy.
About Colosseum Dental Group
Colosseum Dental Group strives to become the leading European provider for dentistry services, based on a commitment to quality dental care. Following the acquisition of Onni hammas, Colosseum operates more than 250 clinics with over 1’000 dentists across Finland, Norway, Sweden, the UK, Switzerland, Italy and Denmark. The group wants to provide modern, quality dentistry services for the benefit of patients, dentists, employees and shareholders alike, striving for continuous growth and excellence.
Oral Hammaslääkärit Oy is the largest dental care provider in Finland with 63 clinics and more than 450 dentists. Oral is owned by Colosseum Dental Group and generated revenues of 90 million euros in 2017.
For further information, please contact:
Jarno Huurinainen, Head of Finland Colosseum Dental Group
Phone: +358 (0)50 344 5232
Anders Gylling, Business Unit Director Private Dental Med Group Oy
Phone: +358 (0)46 851 5868