BREAKING: Dr. Ray Khouri, the founder of Dental Corporation, is set to launch an ambitious roll-up of nearly 200 dental clinics as private equity moves to invest in the Australian healthcare market. Khouri has secured both equity and debt financing, confirming a $50 million debt facility with iPartners and partnership with Melbourne property developer Chirag Soni’s family office.
This urgent development comes as Dental Corporation, acquired by health insurance giant Bupa for $374 million in 2013, seeks to expand its new dental aggregation platform, ADTY. Just last week, ADTY kicked off its growth strategy by acquiring eight clinics, with plans to add a further 180 clinics in the near future.
Khouri stated, “The business is generating significant interest within the heavily fragmented Australian market due to its clinician-focused operating mode.” He added that clinicians are increasingly reaching out to ADTY daily since the announcement of their market re-entry.
The financing was orchestrated by iPartners operative Javier Quintanilla, who noted that this tailored financial structure will play a key role in facilitating the company’s future growth trajectory. The rapid acquisition strategy reflects the growing demand for dental services in a market that remains largely untapped and disorganized.
As the healthcare landscape continues to evolve, Khouri’s initiative is poised to reshape the dental industry across Australia. Stakeholders and potential investors are keeping a close watch on this unfolding story, which could significantly change the dynamics of dental care delivery in the region.
Stay tuned for more updates as ADTY embarks on this transformative journey, bringing vital dental services to communities across Australia.
