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Apposite-backed Riverdale Healthcare buys two U.K. dental practices

Riverdale Healthcare, a portfolio company of Apposite Capital, has acquired Hebburn Dental Practice and Pelaw Dental Practices. Financial terms weren’t announced. The acquisition consists of two mixed income dental practices in the U.K.

PRESS RELEASE

Apposite Capital-backed Riverdale Healthcare Makes its First Bolt-on Acquisition

Dental group expands further in North East England

London, UK – 5th August 2019. Apposite Capital, the healthcare specialist private equity investor, today announced that its dentistry group, Riverdale Healthcare, has made its first bolt-on acquisition further expanding its footprint in North East England.

The acquisition consists of two mixed income dental practices in Tyne & Wear, Hebburn Dental Practice and Pelaw Dental Practices, which are located within two miles of one another and comprise a total of five surgeries. They offer significant opportunity to expand the range of private and specialist treatments with potential to add further surgeries.

Riverdale Healthcare is a new dentistry investment group with an industry-leading management team led by CEO Mark Seekings and backed by Apposite Capital. The team is selectively investing in ambitious dental practices that share the same ethos and core values of Riverdale Healthcare to provide high quality, ethical dentistry.

Chris Aylward, Chief Investment Officer of Riverdale Healthcare commented: “We are really excited to have completed our first acquisition to add to our Alpha Vitality practices as we aim to continue expand within the North East of England. The new practices are a perfect fit with the vision for Riverdale and we are looking forward to working with the practice teams to continue to deliver a patient focused dental service.”

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