Impression Dental Group / Kingston Beach Dental, TASWA-20029

Parties

Summary

Impression Dental Group, controlled by private equity firm Genesis Capital, is acquiring 100% of the assets of Kingston Beach Dental, a general dental practice in Kingston, Tasmania. This business sale expands Impression Dental Group's dental support organisation network into Tasmania, providing centralised services to dental practitioners.

Acquisition details

General Dental Holdings Pty Ltd (trading as Impression Dental Group) ( IDG ) proposes to acquire 100% of the assets of the dental practice known as Kingston Beach Dental through a business sale and purchase deed. Kingston Beach Dental is owned by Dr Martyn Sweet and Felicity Sweet through Kingston Beach Dental Professionals Pty Ltd and supplies general dental services from its clinic in Kingston, a town on the southern outskirts of Hobart, TAS. IDG is an Australian-based dental support organisation that provides centralised services including recruitment, payroll, marketing, IT, finance, and operations, to enable dental practitioners to focus on providing dental services. IDG currently owns and supports 23 independently branded dental practices in Australia which provide dental services to the public, but IDG does not have any practices in Tasmania. IDG is controlled by Genesis Capital ( Genesis ), an Australian-based private equity firm that invests in businesses operating in the healthcare sector. Genesis Capital’s investments also include Pacific Smiles Group ( PSG ) which sets up new dental centres from which dentists run their practice and provides operational support. PSG has over 120 dental centres across Australia, but has no clinics in Tasmania. PSG’s dental centres are typically conveniently located inside shopping centres and operate under the Pacific Smiles Dental and nib Dental Care brands on the East Coast.