Dental services company acquires remaining shares in business

28 May 2021
1 min read
Published:

The management team of IDH Group has announced that it will be partnering with Palamon Capital Partners, one of the current owners of IDH Group, to acquire the remaining shares in the business from The Carlyle Group.

The Palamon-backed buy-out, in partnership with management, will provide fresh investment to support the company’s plans for the future and will give the current management team greater control in delivering its strategy. The transaction is expected to complete in the last three months of the calendar year following receipt of the necessary regulatory approvals.

IDH Group runs {my}dentist, the largest provider of NHS dentistry in the UK, and DD (formerly Dental Directory), one of the UK’s largest suppliers of dental and beauty products. Over the past four years, IDH Group has been transformed under the leadership of its current management team, who have focused on improving patient satisfaction scores to the highest levels on record, growing access to affordable care for patients, and helping clinicians to build their long-term careers.

The existing executive management team will remain in place to guide IDH through the next stage of its growth plans. The management team also includes {my}dentist’s leading clinical directors who are responsible for supporting practices and clinicians in continuing to provide the highest standards of patient care.

Tom Riall, CEO of IDH Group, said, “This is a great outcome for {my}dentist, our clinicians, our practice teams, and our patients. Building on our long-term partnership with the NHS, this transaction will give us the fresh investment that we need to pursue our exciting plans for the future, and to focus more than ever on helping patients access the affordable care they need and supporting our clinicians to build the careers they want.”

Nyree Whitley, group clinical director of IDH Group, said, “Having led our clinical leadership team for the last four years, I am hugely excited about the opportunities this new ownership structure will provide to continue improving care for patients and supporting clinicians across {my}dentist to grow their careers. The management team – including our leading clinical directors – are more in the driving seat than ever and can continue to listen to clinicians, act on their feedback, and build on the success we have seen over the last few years.”