Jacobs Holding, the majority shareholder of Colosseum Dental Group has agreed to acquire North American Dental Group (NADG), a dental service organization, which operates a network of over 200 clinics in the U.S. under regional and local brands with a full range of high-quality dental services. NADG operates in 23 areas in 11 states and is headquartered in New Castle, PA. With this acquisition Jacobs Holding is on its way to become a global leader in dental care. NADG will focus on growth in the U.S. and integrating clinics in more states in the future. The transaction is expected to complete in the third quarter of 2019. Colosseum Dental Group and NADG will achieve combined revenues of more than USD 900 million.
There are no plans to operationally combine the two companies for the time being.
The transaction is a great opportunity to leverage best practices intercontinentally within dentistry. I am convinced Colosseum Dental Group will be able to greatly benefit from this unique opportunity for collaboration through our shareholder Jacobs Holding.
I gladly welcome the significant long-term investment of our shareholder Jacobs Holding in the dentistry industry also in the U.S. and look forward to a fruitful exchange of best practices between the two industry leading dental Groups.
More information about the transaction on Jacobs Holding´s website: https://www.jacobsag.ch/news