Oral Care continues its expansion with an acquisition in Norway
Stockholm, 4 December 2019
Oral Care, majority-owned by the Accent Equity 2012 fund, has acquired Tannlegesenteret, a dentistry clinic in Oslo, marking the first entrance by Oral Care into Norway
Tannlegesenteret is located in Oslo, Norway, and offers general dental care as well as specialist care, taking referrals from all over Norway. The clinic currently operates 13 treatment rooms and 3 surgery rooms, and is prepared for 6 additional treatment rooms allowing for further growth. Tannlegesenteret has for several years been successfully run by the sisters Wenche Hagaløkken and Anne Lise Helsingen, who will remain as co-owners and continue to develop the clinic going forward.
“We chose, from several options, to become part of Oral Care because of their focus on quality and our shared values. Oral Care will support us and build on what we have already started, and with the help from Oral Care, we will be able to give our patients high quality service while continuing to growing the clinic to the next level”, says Wenche Hagaløkken, manager at Tannlegesenteret.
“We are very excited to work with Tannlegesenteret as we feel that we share a common philosophy of dental care. Through the acquisition, we now have an established base for our quality-oriented operations in Norway, which we are looking to expand through other clinics that want to be part of our network. Our concept is based on a high degree of individual freedom for each clinic, while we provide central support in administration and offer competence development, as well as more efficient purchases and investments. We look forward to continuing the expansion in Norway by partnering with additional quality-focused clinics”, says Stefan Kullgren, head of clinics and acquisitions at Oral Care. Including Tannlegesenteret, Oral Care now has a turnover of approximately SEK 320 million across 13 clinics in Sweden and Norway, and in the mobile dentistry division that covers the 7 most densely populated areas in Sweden.
For additional information, please contact: Stefan Kullgren, Head of Clinics and Acquisitions at Oral Care, stefan.kullgren@oralcare.se, +46 73 422 15 75 Daniel Winberg, Charmain of Oral Care and Partner at Accent Equity Partners AB, daniel.winberg@accentequity.se, +46 70 247 41 47 About Oral Care: Oral Care was founded in 1989 and works to improve quality of life by individually adapted dental care. Services are provided through dental clinics and mobile dentistry. Oral Care, majority-owned by the investment fund Accent Equity 2012 since 2017, is one of the largest private dental care providers in Sweden and Norway, with over 350 employees. www.oralcare.se
About Accent Equity: Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 87 companies, of which 69 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds. www.accentequity.se
