Scottish Dental Care secures follow-on funding from BGF
Scottish Dental Care Group has secured a multi-million-pound investment from BGF to support its continued growth ambitions.
BGF is making its second significant investment in just over 12 months to support the company’s acquisition plans which will expand its presence in key conurbations across the country.
Scottish Dental Care Group has grown strongly since BGF’s original investment in February last year, and now operates a portfolio of clinics across the Central Belt, Dumfries and Galloway, and Grampian, with revenue growing by over 30 per cent in the past 12 months. It recently acquired two Glasgow-based businesses, the Barrhead and Gorbals Dental Practices, further expanding the group’s portfolio to 19 clinics.
Scottish Dental Care was founded in 2016 by brothers Philip and Christopher Friel. It offers a full range of NHS, private and cosmetic dental treatments, including all aspects of dental implants and reconstructive dentistry, together with short term orthodontics and facial aesthetic treatments across its clinics.
The company recently appointed its first CEO, Lynn Hood. Appointing Lynn as CEO has enabled the Director of Dentistry, Philip Friel, to focus on strategic clinical matters and expanding the company’s dental services, while co-founding brother, Christopher Friel, is leading acquisitions and group legal services in his role as the Mergers and Acquisitions Director.
Lynn Hood, CEO at Scottish Dental Care, said: “We welcome this additional investment from BGF which will support the momentum we currently have in implementing our ambitious plans. In addition to supporting acquisitions, this will support Scottish Dental Care’s ongoing investment in technology and innovations, making sure that patients get the very best service possible at every practice. We will continue to develop the fantastic culture at Scottish Dental Care as we look to grow the team and our footprint even further.”
Chris Nixon, an investor at BGF, said: “We are delighted to be supporting Scottish Dental Care with additional capital. In the past 12 months, the team has worked tirelessly to ensure the group moves forward on all fronts, including additional acquisitions, adding scanning technology, and more recently with the joining of its first CEO. We are excited by the future of Scottish Dental Care and believe it can become the standard bearer for high quality dental care across Scotland in the coming years.”