U.S. private equity firm Carlyle Group has signed an agreement to acquire Integrated Dental Holdings (IDH) from Bank of America Merrill Lynch Capital Partners and merge it with Associated Dental Practices (ADP) in partnership with private equity firm Palamon Capital Partners.
Combined, the two dental networks will have 450 practices across the U.K., treating 3.5 million patients, the companies said.
Carlyle will hold a majority of the newly combined entity and Palamon will share joint governance. The proposed merger is subject to regulatory approval, and financial details were not disclosed.
IDH and ADP are two leading providers of dental care in the U.K., primarily focused on National Health Service (NHS) dentistry. Carlyle and Palamon will invest in the business to expand the number of practices, enhance the quality of patient care, and grow NHS private and specialist dental services, the companies said.
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