URGENT UPDATE: Dr. Ray Khouri, founder of Dental Corporation, has just announced a major move to acquire nearly 200 dental clinics in Australia as private equity firms prepare to invest in the fragmented market. This comes just days after Khouri secured $50 million in debt financing from iPartners and partnered with Melbourne property developer Chirag Soni.
The ambitious plan, revealed to us on Tuesday, aims to boost Khouri’s dental aggregation platform, ADTY, which has already begun its expansion by acquiring eight clinics last week. With discussions underway for an additional 180 clinics, the urgency of this venture cannot be overstated as interest surges within the sector.
Khouri expressed enthusiasm about the rapid development, stating, “The business is generating significant interest within the heavily fragmented Australian market due to its clinician-focused operating mode.” He noted that clinicians are approaching ADTY daily, eager to join the initiative now that he is actively back in the market.
This significant capital influx allows ADTY to position itself strategically in a competitive landscape. Javier Quintanilla from iPartners emphasized the importance of this tailored debt structure, saying, “This bespoke senior secured debt facility will be instrumental in setting the path for the company’s future growth.”
As the dental industry braces for this expansion, the impact on both practitioners and patients could be profound. With Khouri at the helm and a focus on clinician collaboration, ADTY is poised to redefine dental care standards across Australia.
Stay tuned for updates as this story develops. The dental aggregation market is about to see a seismic shift, and you won’t want to miss it.
