Dentius: dentists join forces
As in the funeral industry - where PMV finances the Sereni chain - economies of scale are also happening in dentistry.
Dentists in Flanders, together accounting for a turnover of some EUR 2 billion, are increasingly making the switch to group practices. Abroad, this evolution started much earlier. Meanwhile, it is also gradually reaching cruising speed with us. Dentius, the largest Belgian player in this sector, appealed for a subordinated loan from Mezzanine Partners 2, an initiative of PMV and Capital@rent, for its acquisition and international expansion.
More and more dentists are joining forces. This brings many advantages: volume purchases, shared staff costs, joint investments in equipment… Dentists spend a lot of hours on their bookkeeping, personnel management, administration and planning. When the network takes on those operational tasks, they can devote more time to their profession and their patients. The flexibility of the formula also makes it easier for dentists to work part-time or specialise (avoiding the need to refer patients).
Added value
Investors also see the benefits of networking. By buying up sole proprietorships of (older) dentists or group practices and integrating them into the more efficient group operation, they can realise considerable added value. Meanwhile, there are several groups operating in our country that appeal to investors. Dentius is financing its expansion itself, using bank financing and a subordinated loan from Mezzanine Partners 2, in which PMV actively participates.
Initiators Pieter Lathouwers and Amaury Hendrickx share Dentius’ shareholding with Boris Bontemps (Busdev Wallonia). Incidentally, Hendrickx gained experience as an investment banker with the largest group of dental practices in the UK.
Visit the website of Dentius
