May 14 (SeeNews) – Croatia’s Adria Dental Group has bought a majority stake in Slovenian dental clinic Ordinacija Dr. Kovacic from local dental services provider Kora Dens, a deal advisor to the seller said.
Ordinacija Dr. Kovacic is one of the leading dental clinics in Slovenia with a 50-year family tradition, Data-Link Unija Consulting, which acted as financial advisor to the seller, said in a press release on Monday, without disclosing the size of the acquired stake and the value of the transaction.
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Adria Dental Group claims to be the largest dental services business in central and southeastern Europe with over 550 employees. Over the past two years, the group has grown into a network of ten clinics, nine dental laboratories and more than 100 dental offices.
Adria Dental Group, majority owned by Croatian investment company Provectus Capital Partners (PCP), posted a net profit of 3.5 million euro ($3.8 million) on revenue of 5.06 million euro in 2022, according to the latest data available from Finance Analytics – Dun & Bradstreet.
($ = 0.927 euro)
